<p>About how much on average do On Campus student get back if you are low income after financial aid pays for fees & housing?</p>
<p>UCLA on campus a year is 31,999</p>
<p>Housing is 13,452</p>
<p>Did an estimate, and my grant amount would be 22,799</p>
<p>Thanks</p>
<p>how much each quarter that is…</p>
<p>I don’t think you quite understand how financial aid works. Your “default” financial aid is usually composed of three different forms: grants, loans, and work study. You can also receive scholarships, but that’s really a separate thing in my mind. How your financial aid works is that all three of those things will be equated to cover what the school determines as their typical “cost of attendance,” which in all honesty tends to be an underestimate. It pretty much assumes that you find the cheapest option for everything. </p>
<p>That means tuition, fees, housing, transportation, food budget, etc are all estimated into your “cost of attendance,” which is the same set value for everyone. That’s likely the $31999 value you got for UCLA. Then depending on your EFC, you’ll get a certain amount of financial aid which is allocated in those three forms. As far as grants you’ll likely get 3 grants: a federal grant, a state grant, and a school grant. They all have set maximum values and will not cover all of your potential financial aid/cost of attendance. Usually the way it’s allocated is that your state grant (Cal Grant) will cover all of your tuition fees provided you qualify (~$13000), then your Pell Grant (max $5500) and school grant (usually <$1200) is allocated to you to use on housing/food/books etc. That means you’ll have very roughly $20000 in grants (which you’re entitled to and don’t have to pay/work for) ~$13000 of which will get directly used by tuition fees and the other ~$7000 will be awarded to you to spend how you need. </p>
<p>The rest of the cost of attendance (~$11000) is then made up by student loans or work study. Those are “optional” and you can choose to accept them or not. Work study you’ll have to find a job on campus and you’ll be compensated through financial aid. Student loans are awarded by the federal government, but obviously you have to pay them back after you’ve graduated. If you find other sources of income say scholarships, outside grants, or if you’re working you can choose to accept LESS student loans/work study to meet the cost of attendance.</p>
<p>So if you choose to accept all forms of financial aid that means you’ll get about $7000/yr in grants and $11000/yr in loans and work study. That’s about $18000/yr AFTER tuition is paid (really I think it’s a few hundred less because their tend to be extra fees – student fees, health insurance, etc). To find out how much that is per quarter divide each value by 3 because there are 3 quarters per standard academic year. Then to find out how much you get after housing and tuition subtract your cost of housing. $18000 - 13500 = $4500/yr after fees and housing. Divide by 3 is ~$1500/quarter. That’s IF you accept the loans and do work study.</p>
<p>How much on average does the typical UC college student get on financial aid, after housing expenses have been paid?</p>
<p>So I will know if I will absolutely need to get a job or not, any current UC students, care to share?</p>
<p>Please so much.</p>
<p>dilapidatedmind, that was an amazing answer. Thanks for taking the time.</p>
<p>@mypinkfriday Financial aid is different for everyone. It varies depending on your EFC and what UC you go to because the cost of attendance/housing will be different. I gave you an estimate for UCLA assuming your EFC is 0 in post #3 after housing and tuition fees have been deducted.</p>
<p>@shinkrap No problem, just trying to help out if I can. I know before I transferred financial aid was a little confusing and I wasn’t sure how much I’d receive in the various forms. A big thing I didn’t realize was that work study was calculated into it. I assumed that was extra with your grants/loans meeting your cost of attendance.</p>