Could I get some help?

Paying for College
1

<p>This is my financial aid for UC Davis.<br>
What exactly does all of this mean?</p>

<p>Estimated Cost of Attendance<br>
Basic Living $13,854.00<br>
Books and Supplies $1,601.00<br>
Fees $13,082.00<br>
Transportation $722.00<br>
Out of State $0.00<br>
Summer $0.00<br>
Mid Year Fee Increase $0.00<br>
Other $0.00<br>
Total Cost of Attendance $29,259.00</p>

<p>Contributions<br>
Student Self Help Expectation $2,750.00<br>
Student Contribution $0.00<br>
Parent Contribution $0.00<br>
Additional Resources $0.00<br>
Total Contributions $2,750.00</p>

<p>Financial Need $26,509.00</p>

<p>Estimated Financial Aid<br>
Ac. Competitive Grant Est.-NH $750.00<br>
Cal Grant B Estimated-NH $1,551.00<br>
Federal Direct Loan Sub-NH $3,500.00<br>
Federal Pell Grant Program-NH $5,550.00<br>
Federal Perkins Loan-NH $2,000.00<br>
UCD Campus Fee Grant-NH $630.00<br>
Entering UG Scholarship - NH $12,528.00<br>
Total Estimated Financial Aid $26,509.00</p>

<p>Remaining Cost $0.00</p>

2

<p>It means you have to pay $2,750.00 (Your contribution.) Either by loans or cash.</p>

<p>And you’ll be taking out $5,500 in federal loans. </p>

<p>I’m guessing that $2,750 is the price of your textbooks and transportation (it adds up to $2,323) Though I could be wrong.</p>

<p>Look to see if that 12k Entering scholarship is ONLY for freshman, or not.</p>

3

<p>^^ um, no, it means: </p>

<p>The school expects to award you $15459 in grants (free $, does not have to be repaid). You can take out up to $11,050 in loans for the first year. </p>

<p>Based on what you posted, I am not clear on how much just tuition+room+board+mandatory fees are. It is important to find out the answer to that because that is a set amount that the school must get. Other expenses (such as books and transportation) can be higher or lower than estimated.</p>

4

<p>Eh? What do you mean? </p>

<p>$750.00 + $1,551.00 + $5,550 + $630.00 + $12,528.00 = $21,009 (so sayeth the calculator.) in grants. </p>

<p>Even if my calculator WAS mis-typed, It’d HAVE to be over 15k. 12+5 is over 15. (The pell and the Entering Scholarship.)</p>

<p>You figure that: </p>

<p>Total Cost of Attendance $29,259.00 - $21,009 = $8,250</p>

<p>The LOANS listed are $3,500 and $2,000 respectively. (That’s $5,500, for those of you keeping track.)</p>

<p>$8,250 - $5,500 is… ! $2,750</p>

<p>The EXACT amount the student contribution is.</p>

5

<p>You were right. I was wrong. I read that 5,500 as loan, not grant. Whew! MUCH better package. Glad I’m wrong. :-)</p>

6

<p>xD I’m glad you are too! I thought they were getting a pretty good deal!</p>

<p>(I’m not trying to come off angry, I’m just really bad at math, but I try hard to understand money. O_o; So sorry!)</p>

<p>:D</p>

7

<p>Looks like a very good package…</p>

<p>I wonder what the “NH” means that is by a lot of the grants…</p>

<p>Be aware that the loans may increase a bit each year. I imagine that by the time you graduate, you’ll have about $31k in loans.</p>

<p>Can I ask what your stats were? I’m wondering if kids with better stats get these better packages…</p>

8

<p>gpa: 4.2/4.0
sats: 1650
rank: 1/70
major: computer engineering.
My stats aren’t all that great, But I was ELC.
3 sport all league varsity athlete, captain of all 3 teams.
I coach Little League baseball every year so I have hundreds of hours of community service.
I attended California Boys State.
I have worked on an engineering internship at UCLA. </p>

<p>I’m a foster child, so my efc was 0.</p>

9

<p>^^^</p>

<p>Oh, that’s right…sorry, I forgot… </p>

<p>Did you look into the additional funds for foster kids?</p>

<p>Congrats that your the school’s Val!! Awesome!</p>