Hi,
When I used UCR Net Price calculator, it shows me zero dollar grant or scholarship assistance leaving total cost of attendance as my estimated net cost. However, total estimated resources to meet is not matching with the estimated net cost. What does that mean? Estimated Resources, which constitutes estimated student loans plus estimated family contribution is not matching with the net cost. Can someone please explain it to me?
Thanks!
Have you been accepted and given a financial aid package? NPC’s are just estimates. What is your EFC? Do you qualify for a Pell Grant or Cal Grant?
Wow! You were in my mind to ask this question and you responded to it first. Greatly appreciate the awesome help you are providing to lot of people here. I don’t think I quality for them based on my parents’ income. Accepted at UCR, CPP and a few other CSUs so far. Except for CPP, who indicated that I qualify $5000 (3000 subsidized), I did not get any financial aid from any other college. I have to check EFC, will post it later. My point was that why they are not tallying.
Not sure why they are not tallying. Each school’s NPC may present estimates differently.
Estimated Expected Family Contribution (EFC)= 022752
The cost of attendance at UCR is $25,000 a year.
So…with that $3000 loan plus your EFC…you are at that amount.
Agree ^^^^
How did you arrive at that number? When I put my numbers, UCR is showing 35k
http://finaid.ucr.edu/ucr-cost/index.html
Oops…you are right…it’s folks .living at home who are $25,000.
On campus…$36,000.
However, that doesn’t mean you will be getting more need based aid. The UCs do not guarantee to meet full need. Need based aid at the UCs is ugly in the form of the Calgrant or a university grant. Your EFC is likely too high for a Calgrant. And it doesn’t look like you got, university grant.
You can take out a total of $5500 in Direct Loans…but the subsidized amount is determine by the school based on your need but can’t exceed $3500 of that $5500.
Any chance you live close enough to commute?
COA for living with parents is $25,511
COA for living on campus is $36,211 but that includes $1700 books, $2000 personal expenses and $900 transportation which are costs that can be reduced.
Your EFC is $22,752. They offered you a 3000 subsidized loan and you can take out another $2500 unsubsidized loan = $28,252.
Your EFC is the minimum amount that you are required to pay, so they gap you and expect you can pay more than the EFC. Difference can be paid through additional savings, you working summers and/or during school and having your parents take out a Parent plus loan.
Even if you were eligible for the Calgrant…you would likely still have the same net cost…the costs of room and board, and personal expenses. The Calgrant would have paid tuition and fees…but you weren’t eligible anyway.
It means you’re gapped.
The UCs tend to gap instate students that don’t qualify for a Cal Grant or B&G.
Doesn’t the Calgrant really only cover tuition and fees? If so…anyone getting it is going to be paying room and board…and personal expenses.
Calgrant can only be used for tuition and fees for eligible students