Hello, my sister and I are trying to figure out her actual cost of attendance at UCLA. We are Florida residents and she has high test scores and GPA. It says her estimated cost of attendance is $62k. Total grants and scholarships is $5k. To make the “net cost” $57k. Then on another page is says the EFC (expected family contribution) is $21k. What do all the numbers mean and which one should we be using to estimate the cost of attendance. We find out in July apparently if she gets anymore aid from the school. Does this # consider the student taking out loans?
So your family EFC is $21K. This means that number is the minimum you family would be expected to pay towards your sister’s education. UCLA has given her $5K to bring it down to $57K. She can take out federal students loans of $5500 Freshman year, $6500 Sophomore year and $7500 Junior/Senior year. So Freshman year will cost your family $51,500. Since she is OOS, she is not eligible for Cal Grants/Blue and Gold Scholarships etc… (reserved for in-state students). UCLA also does not meet need, so if you family cannot afford to pay $50K/year for 4 years, UCLA is an unaffordable option. Hopefully she has some affordable schools to consider.
Do not count on anymore aid and since she has to SIR by May 1, she will need to make a decision without the aid at this point.
The reference to EFC in their letter is inconsequential to you. They’re just stating the fact that it was used in the calculation. As Gumby’s mom said, UCLA doesn’t meet need AND as an OOS you won’t get state grants. Don’t expect any more money from them.
Most OOS publics are unaffordable, and the UC’s are the bellweathers for that fact. It’s not unusual at all.
from: USC
http://financialaid.usc.edu/undergraduates/prospective/how-much-wil-my-education-cost.html
So you start with the **total of $72,623 **and you start deducting from THIS amount.
$72,623
-$5,000 federal grant
=$67,623 you owe.
EFC is the “estimated” MINIMUM amount your family should expect to pay, on your OWN dollars. This means you are expected to pay full: $67,623.
The UC’s cannot afford to fund non-residents, at all. If you receive any kind of scholarship monies, it usually comes from the feds. The UC’s don’t really give merit aid for high test scores and grades to non-residents. They also don’t meet need. Sorry, but when you have a State that can’t afford to fund its own residents, then you have to expect to be full pay as non-residents.
Again, if you can’t pay ~$60K per year, then she can’t afford this school. Taking out $240K in parent loans, to fund your sister, is really a bad idea. She won’t be out of debt for many, many years.
Re post 3: USC is a private school, not part of the UC system.
OOS students at UC schools generally pay the full sticker price. Aid there is primarily need based, and reserved for California residents.
Yep, I goofed but the same can be said for the process. Just stick in the UCLA numbers.
UCLA gives NO need based aid to OOS students…not a dime. Unless yourmsister got some huge merit award, she will be full pay minus the $5500 student loan…so full pay…full cost of attendance.
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We find out in July apparently if she gets anymore aid fr
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What? Who told her that?
She won’t be getting aid from UCLA; she’s OOS.
The UC’s got into trouble a couple years ago when the state legislature saw how much they were giving away in need-based aid to OOS students. The lawmakers threatened that if the UCs could afford to do that then they don’t need any state money. That made them change their aid policies pretty quickly.