<p>hi, so i got my financial aid package today and was wondering how much my family would have to take out on loans based on this. It also says my estimated need is $31,873.00 so does that mean I can subtract around ~$2k i need to get from loans?:
Conditional Cal Grant A</p>
<p>UCSC will give the option for your parent to take out a loan of $3450. Perkins loan and “conditional direct loan” are SUBSIDIZED loans, meaning that you wont have to start paying it back until you get done with your degree. $4700 in subsidized loans from what it seems. Federal direct unsubsidized loan is an UNSUBSIDIZED loan, meaning you have to start paying it immediatly, even if your in school, which to your package is $2000.</p>
<p>Im a little confused on your question but UCSC has its estimated cost of attendance at 34,000. But they usually overestimate it. It looks like they will offer you 34k in financial aid, about 21k being in grants (meaning its free money). So your parents wouldnt have to pay anything if you accept all those offers. However, if you could do without unsubsidized loans and parent loans i would recommend it. Ask how much your family is willing to contribute. Hope that answered everything?</p>
<p>thanks for answering my questions! I was just wondering what the actual cost of attendance would be since it doesn’t say anywhere. It just lists:</p>
<p>If you submitted a FAFSA, the following is a calculation of your estimated financial need.</p>
<p>Estimated 2012-13 Undergraduate Attendance Cost: ~$33,291 (On-Campus), ~29,463 (Off-Campus), $24,285 (Commuter). These are for California residents.</p>
<p>I got the same thing today but it didn’t mention the Cal Grant A/B. I know I am eligible for the Cal Grant but it didn’t show in the MYUCSC website. Although, I got a 11,431 “Conditional” UCSC grant. What’s up with that?</p>
<p>^woah you got a lot from ucsc! i wish i did too…idk about why you would not get cal grant if it says it was awarded to you on the cal grant website.</p>
<p>i got 14.5k for grants from ucsc which covers tuition =(. So parents/me have to cover 30k for rooming and etc. poeeey have to get some loooaans out. is 66k for both parents over the financial aid limit? since it doesn’t seem that much since after insurance and bill a month + housing for the family there isnt much to spare.</p>
<p>Why is it that UCSC offered me only $2,182 from their “Conditional UCSC Grant” while I see most others offered at least 5-6k and some even 10k+?? T_T </p>
<p>Is it possible that I’m not being offered as much because I’m an LA native?</p>
<p>^ I don’t think it’s because you’re form LA. I am also from Los Angeles and I got the following:</p>
<p>Conditional UCSC Grant :17,078.00
Conditional UC Tuition Grant: 732.00
Conditional Perkins Loan: 1,200.00
Conditional Direct Loan: 3,500.00
Federal Direct Unsubsidized Ln: 2,000.00
Conditional Work-Study Option: 1,500.00
Parent Loan Option: 8,013.00</p>
<p>Also note that I didn’t submit a calgrant on time due to medical issues that kept from doing it and the FAFSA on time, so I will be submitting an appeal, which I have been told I won’t have a problem with due to the circumstances surrounding my issues.</p>
<p>^WOW! Super jealous of the amount they’re giving you. UCSC is giving you almost as much as I’m getting total from all of my grants (Cal Grant A, Pell Grant, UCSC Grant). My family is fairly low income too…my EFC is only at like $1,600.</p>
<p>You should contact the financial aid office to see what is up. I went to UCSB yesterday for their open house, and people brought up these sorts of issues yesterday at the financial aid office. Most people got some things worked out, so I don’t see why you can’t work things out with UCSC or ask for a better clarification of things.</p>
<p>I believe that is the total amount of loans/grants that you can receive in one school year but not the total you need. Most likely the total will be ranging from 28-34k I am estimating thats why you accept/decline some offers.</p>
<p>jasonSkim, no, I don’t think it’s because you’re LA native. I am too, and I am being offered $6,049. I think his UCSC grant is so high because of his lack of a CalGrant. CalGrant pays for tuition, and if he doesn’t have that, and can’t pay tuition alone, they’ve offered it to him.</p>
<p>My personal EFC is nothing, which may explain my high amount of UCSC aid, as it’s mostly based on financial stability, I believe.</p>