What is your FA package? Hate to pry, but...

Transfer Students UC Transfers
61

<p>It will say UCSD grant</p>

62

<p>@Cayton you probably qualify for Blue&Gold, so you will most likely get a free ride at UCLA</p>

63

<p>@Philosoup</p>

<p>I’ve run UCLA’s financial aid calculator. Although my cost of attendance wouldn’t be too high, it’s still about $8,600.</p>

<p>I’ll have to do work-study and probably take out loans unless I can get a couple of scholarships. :/</p>

64

<p>@Cayton</p>

<p>Blue and Gold will cover your tuition 100 percent plus extra aid (Your family mustn’t make more than 80k a year) .Then I guess you got living expenses - Housing and Food. I commute so it’s never been a problem for me. I guess you’ll have to take out loans and take on work study. I imagine you’ll have to take out about 5,000 a year.</p>

<p>I took out 4,000 last year and I didn’t even live on campus. I used it to buy a car lol. I’ll have to start paying back next mid-year.</p>

65

<p>@Philosoup</p>

<p>It’s a good thing I’m going to community college! Even if I have to borrow, I almost certainly won’t be drowning in $40K or $50K in student loan debt when I graduate.</p>

66

<p>@Cayton</p>

<p>Yeah. I’ll be about 6k in debt once I graduate, but it’s nowhere near what others will have to pay back. </p>

67

<p>6k in debt? sounds wonderful @Philosoup. I’m looking at 44k</p>

68

<p>Hey all.</p>

<p>GPA: 3.86 (from what I can remember)
EFC: $126</p>

<p>UCSD
Total Grants and Scholarships (“Gift” Aid; no repayment needed): $22,100 / yr
Pell Grant: $5,580
Estimated Cal Grant: $12,192
UCSD Grant: $4,328
Outside Aid: $0
Work-Study: $2,400
Eligible for UC Blue and Gold Program
Net Costs (Cost of attendance minus total grants and scholarships): $9,226 / yr</p>

<p>UCSB
Total Grants and Scholarships (“Gift” Aid; no repayment needed): $20,731 / yr
Pell Grant: $5,580
Estimated Cal Grant: $12,192
UCSB Grant: $2,959
Work-Study: $2,300
Eligible for UC Blue and Gold Program
Net Costs (Cost of attendance minus total grants and scholarships): $9,326 / yr</p>

69

<p>What is the Federal direct subsidized and unsubsidized loans? Are those to borrow money at lower rates or something? I just find it weird that they would include that into the total financial aid costs</p>

70

<p>@MAXsays subsidized loans mean that the government will pay the interest on that loan while you’re in school, during forbearance, and sometimes deferment. unsubsidized means you pay the interest for the loan all on your lonesome. the rates are the same for both loans and you start repaying both around the same time. About six months after graduation or when you fall under being a half-time student. </p>

71

<p>@MAXsays Basically, subsidized loans are loans that don’t require you to pay interest because the fed gov.t will cover it for you. This is while you’re a student (at least part-time) and during the 6 months after you graduate. Unsubsidized loans are ones that do require you to pay back interest.</p>

<p>In other words, subsidized > unsubsidized.</p>

72

<p>@MAXsays I implore you to read thoroughly over this
<a href=“http://studentaid.ed.gov/types/loans/subsidized-unsubsidized#what’s-the-difference”>http://studentaid.ed.gov/types/loans/subsidized-unsubsidized#what’s-the-difference&lt;/a&gt;&lt;/p&gt;