- If you transfer the ownership of the apartment to your son, then the value of the apartment will become your son’s asset. He’ll need to report that on FAFSA and that will decrease the amount of FA he’ll receive. (He’ll be expected to sell or take out loans against the value of the asset to pay for college.) Owning the apartment could completely disqualify him for the Pell grant.
Any rent he takes in from the apartment will be counted as his income–and again this will lower the amount of FA he is eligible for and may disqualify him from receiving a Pell grant.
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he will be asked to provide documentation–rent received, bank statements, W2 forms, FA forms, loan statements, tax returns-- to show that he can pay for 100% of his tuition, fees, housing, utilities, car insurance, health insurance, food, & clothing costs, gasoline & car maintenance costs, etc. He will have to show a FA officer his bills to prove he has enough income to pay for all of that.
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Their parents pay or take out loans to pay. They are state residents and use Cal grants or other scholarships/grant programs. They work full-time & go to school part-time.
RE: attending UCLA and going to the UCLA (or any California) medical school.
UCLA gives ZERO preference in admission to students who attend the undergrad. In fact, UCLA SOM gives ZERO in-state preference to California residents. It's a top ranked med school and students from all over the US compete for admission.
Except for UC-Riverside, not a single CA med school gives any admission preference to California residents. For UCR--only applicants from the Inland Empire area of CA are considered.
CA is the single largest supplier of med school applicants in the US. Over 6500 last year.
Most CA med school applicants are not accepted anywhere. (Close to 70% are not accepted to any med school anywhere in the US.) Of those who are accepted, most attend an out-of-state med school.
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does it help any that he has very strong medical background, some certificate of excellence, lost of passion and amazing knowledge in the medical field (mainly trauma)?
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No. What's matters is GPA (3.7+ was the average for matriculating students last year ) and MCAT score (511-512--or top 15% of the all test takers in the US). Medical schools don't particularly care what college/university an applicant has attended. GPA/MCAT is used for the first cut.
Once those basic criteria are met, then everything else get considered (letters of recommendations from professors, long term clinical volunteering, long term non-medical community service with the disadvantaged, laboratory research experience, leadership roles/positions held, physician shadowing experiences, personal statements & essays, teaching/tutoring/coach experience, plus anything else the specific med school feels important to have an a physician candidate)
Med school admission is extremely competitive--only about 40% of those who apply get any acceptance at all.
Med school is also extremely expensive and parents are expected to contribute to paying the costs to attend no matter how old the student is, whether or not the student is married and whether or not the student is and has been self-supporting for years.
There are very few scholarships or grants to pay for medical school. Just lots and lots of loans.