Financial Aid + Blue & Gold Opportunity Plan

Transfer Students UC Transfers
1

<p>Hi can everyone please chime in or answer some questions I have about Financial Aid.</p>

<p>I am 24 yrs old, full-time student, and my my EFC is "0"</p>

<p>My Financial Aid package to Irvine is $21,493, which leaves me with a balance of $8,900 per year.</p>

<p>I am eligible for loans. But, I am also eligible for the Blue & Gold Scholarship which according to University</a> of California - Blue + Gold Opportunity Plan </p>

<p>So my question is, what is that Blue & Gold Scholarship? Does it make up the rest of the $8,900? If not, I'd like to take advantage of the student loans to pay for my college.</p>

<p>Pertaining to Irvine, the Financial Aid website wants me to declare if I would be taking out a loan or doing work-study. I am not too familiar with the work-study program. So would I accept the loan and continue with the process? If the Blue & Gold Scholarship will cover the $8,900, I shouldn't take out the loan.</p>

<p>Any insights on this whole Financial Aid process?</p>

<p>Thanks!</p>

2

<p>B&G is just a guarantee that they will cover your tuition and other fees. tuition is like 14k so you still have a handful of money left over which you can use for housing and books. but B&G doesn’t guarantee to cover your housing fees so you have the option to use loans to cover it instead</p>

3

<p>unless you think you’ll need more than 9k to live off of, you won’t need loans. Blue and Gold thingy doesn’t really matter for you because your efc is so darn low that you got a huge amount of gift aid anyway.</p>