Hey guys. I finally received my financial aid package from Davis. However, I’m absolutely LOST on how to interpret all this information. Any suggestions on this would be greatly appreciated, thanks.
My EFC is about 38k, and I have the rest of that for financial aid… but I didn’t receive any? Was it because I didn’t qualify? Everything listed on MyAwards are loans.
So… take out loans or I can’t go to school here?
I’m also discussing residency issues. Emailed the deputy and I guess I can’t figure out if I can qualify for in-state until I sign my SIR.
I have no idea what to do.
You can get $5500 in student loans if needed (unsubsidized). Since you are OOS with your EFC of $38K, you will get nothing but loans since UC’s give little to no FA for the extra $23K OOS tuition costs. You are expected to be full pay for the UC’s as an OOS applicant.
Here is a link on how to establish California residency for tuition purposes courtesy of UCB website: It is not easy
http://registrar.berkeley.edu/establish.html?no_server_init
Regardless if in-state, your EFC still exceeds the costs/year for UCD which is around $30K, so you will still get nothing but loans in your FA package.