UCLA Financial Aid = 0 ?

<p>So I got accepted to UCLA in bizecon this year and I am really thinking of going there. However, what is really killing me is the price tag.</p>

<p>On the site it said that 41k was the expected amount of money that one has to pay in order to get tuition, room and board, books, etc.</p>

<p>My EFC for the FAFSA came out fairly high at 25k and on my ePAL it said i had like 16k financial eligibility.</p>

<p>However, there was no indication of financial aid given for me in the "PROVISIONAL AWARDS" slot. Simply, it says: Loans : 41975
Now, what exactly does this mean? I get no financial aid and I have get loans for the tuition?</p>

<p>Additionally, I would like to know, if I were to attend UCLA, if I could get state resedential status because my Grandma lives in LA.</p>

<p>bump pleassseee</p>

<p>oh yea forgot to add, do most people get very little financial aid from out of state?</p>

<p>yup, you are correct. Unless you qualify for a Regent's scholarship, OOS kids are considered like in-state kids for FinAid. A $25k efc means you could pay full freight if you were in-state. The UC's will not give you the difference in grant money.</p>

<p>so i would have to pay 41k a year assuming i have no private scholarships?</p>

<p>Yes, most people get very little financial aid from out of state.
If you can't get a private merit scholarship/loans you're out of luck. :rolleyes:</p>

<p>keep in mind how many of those loans are low-interest though, you probably got some $$ in loans that are subsidised by the government so it's not all bad</p>

<p>do u know anyone from UCLA who came from out of state and literally paid everything while their family wasn't necessarily loaded?</p>

<p>I'm having a bit of aproblem too, I have to take 20000 out a year if I go. but man, straight 41k...
anyhoo I haven't heard of anybody taking loans to cover all the fees, but it seems to me that UCLA is worth taking out a large amount of loans, as long as you're comfortable paying them off for several years afterwards :(</p>

<p>what would you consider "low interest" ?</p>

<p>same problem here. they only gave me 1500 a year so its basically 40k a year out of pocket and my family's efc was only around 16k.</p>

<p>I'm in the same boat, except instate. I'm gonna have to loan the full instate price.</p>

<p>Yeah... same here. Damn state funding!! >=(</p>

<p>My parents won't take out loans, because they don't want to be sitting on top of 80k+ in debt when I get out. Does anyone know if the PLUS loan has to be paid right away or after you graduate? If its repayment period is delayed, does the money go straight to the university or do they send it to you?</p>

<p>40k worth it?</p>

<p>bump plzzzz</p>

<p>ucla is gud and all but in the end its just an undergraduate degree!! its not grad school so just go to a school tats cheaper and work hard!!! and 20000 a year is WAY too much, tats not even reasonable, very risky unless you come to UCLA and get a good job :) im goin oos too to another public school instead of ucla even though la offered me decent financial aid cuz the other school is my dream school but i gota loan at least 9763 my first year but tats prety reasonable, even if i went to la i would have to loan at least 7700 so not big difference. if you were to loan less than 12,000 than it might be worth the risk but 15,0000 or more in private loans? eh you beter think about that.</p>

<p>I'm loaning the full sticker price ($23 K), and I know I'm not the only one to do it.
It's just up to you to decide if the experience will be worth it or not.</p>

<p>^^ tats actually quite true i forgot to mention tat, ultimately if u really wana go to ucla or wutever school you want to go to then its you're choice but just be aware of the consequences and risks :) btw if you loan the whole thing does tat mean you get money for the personal costs also? coz the coa includes that extra costs that arent required.</p>