Expected UC Financial Aid Question

Paying for College
1

<p>Hi! I plan to go to CCC for two years then transfer to a UC - most likely UCSB. My EFC is 0 and I am getting my First two yrs at CCC fully paid for. I want to know how much financial aid I will receive when I attend a UC in two years. And how much I will have to take out in loans. I know with a 0 efc I will be able to qualify for the max pell grant but that is only around $6000. The COA is around 30,000$ at UCSB including housing. Will the university give me a hefty grant? </p>

2

<p><a href=“Net Price Calculator - UCSB Office of Financial Aid and Scholarships”>http://www.finaid.ucsb.edu/AidEstimator.aspx&lt;/a&gt;&lt;/p&gt;

<p>For an EFC = $0 situation, it looks like your net price per year will be about $9,800 (federal direct loans + work study or expected work earnings) if you are a California resident. Add $22,878 if you are not a California resident.</p>

<p>Other UCs may be slightly different, so run the net price calculator on each campus’ web site.</p>

3

<p>Where would the 21,200$ come from ? Which type of grants? Cal/pell grants? If I only needed 9,800$ /yr in loans that would be great!</p>

4

<p>It will depend on your specific information and the UC, but will generally include a combination of Pell Grant, Cal Grant and UC grants, If you have any outside scholarships they will be subtracted from your grants.
You should not need $9800 in loans; $9800 would include your summer work earnings and work study during the school year. If you are going in as a Junior transfer your cost may be more than $9800 per year because they will expect you to take out $7500 federal loans (instead of the $5500 freshmen can take), and still contribute summer and school year earnings.
I assuming you are in-state - your HS counselors and your CC transfer counselors will have information, and see the website for the California Student Aid commission:
<a href=“http://www.csac.ca.gov”>http://www.csac.ca.gov</a></p>

<p>Good luck!</p>

5

<p>If you look at the UCSB transfer thread from this year in the UC transfer forum, a bunch of people were discussing the financial aid they got. Essentially, it sounded like the answer you have been given above.</p>