<p>I've tried to find information for this online, but haven't gotten any so far. Has anyone done it/know someone who has?</p>
<p>You can do it, but Medi-Cal is so severely cut that you might as well get SHIP. If you have Medi-Cal, then you’ll probably get financial aid for SHIP.</p>
<p>Yes you’re most likely going to get SHIP for free. No point in waiving it.</p>
<p>Yeah, SHIP is some extremely nice insurance, especially for the price.</p>
<p>If you waive it, chances are, they’ll just cut the part of financial aid that was meant for SHIP. I strongly recommend that you keep it.</p>
<p>Hi subaru, if you’re currently using Medical, I assume your EFC is probably 0 (since this is the case for me as well), then SHIP should be free. The whole plan will probably be free, thus you don’t really have to pay anything besides copay fee, etc… I’ve also checked with my worker and they said that student insurance like SHIP will not affect your Medical status, thus, you can have both at the same time (which is pretty awesome :D!)!</p>
<p>This is directed to those at Berkeley and have an EFC of 0. </p>
<p>Are we expected to take out loans equal to ‘Total Resources to Meet My Net Costs’? In my case it would cost $8,000. However, I’ve heard that these are only estimates and that those with EFC’s of 0 actually end up paying a lot less than ‘Total Resources to Meet My Net Costs’.</p>
<p>Can anyone give insights on this?</p>
<p>@MisterB7K: I see, and my EFC is $100 (Pretty darn close to $0). But then, it seems that I would still have to pay for SHIP since it’s not waived on MyFinancialAid, or are they going to waive it off afterwards?</p>
<p>It says on your budget page on the myfinaid website that you will get funds if you qualify after the SHIP deadline.</p>
<p>If you can live cheaper than their calculated budget, then power to you. You are not required to take out any loans regardless of your EFC!</p>
<p>Financially speaking, you should take any subsidized loans regardless of whether you need them or not. Put any funds you don’t need in CDs or high interest checking/saving accounts.</p>
<p>is it a good idea to use your subsidized loans to buy stocks and other investment methods? so by the time you graduate, you will have extra money to spend? or is this too risky?</p>
<p>i emailed finaid people and they said that grant money (free money) will not cover all of SHIP, so if we keep ship, some of it will be covered through loans.</p>
<p>Putting it in stocks is too risky. Stick with risk-free investments.</p>
<p>you can only waive it if you can prove you have other coverage equal or better than SHIP. also, the fee that is charged to your account is removed and refunded, and whatever financial aid still applies. It will not lower the amount of money you recieve, so you basically keep the $700 or so that was supposed to cover health insurance, but if you have your own, then it is assumed that you are paying for it. So it is probably better that you take that money and go buy better and cheaper private insurance.</p>
<p>AFAIK, If you waive ship, you don’t get the grant they give you to cover its costs.</p>
<p>The main advantage of SHIP comes from the fact that it’s good for the on-campus healthcare facilities (eg. Eye Center, Tang). They’re actually within a walking distance of campus, which can be a huge convenience.</p>
<p>I waived it and got to keep the money, for my situation. So it MAY vary case by case. But I doubt it. If they require you to have health insurance, they should help you cover it</p>