<p>B&G doesn’t look at assets…just income. </p>
<p>*# Be a California resident</p>
<h1>Demonstrate income below $80,000 with financial need, as determined for federal need-based aid program</h1>
<h1>Under the plan, your systemwide fees will be fully covered by scholarship or grant money if you are in your first four years at UC (two if you’re a transfer student).</h1>
<h1>The plan combines all sources of scholarship and grant awards you receive (federal, state, UC and private) to count toward covering your fees. If, for example, you receive Pell and Cal Grants and private scholarships that don’t fully cover your fees, UC grant money will make up the difference.</h1>
<p>*</p>
<p>No mention of assets at all.</p>
<p>But, I do think that this student’s family income was later determined to be higher than $80k after the real info was known…or the UC just made a mistake.</p>
<p>I do think that the CDs and such are causing a higher EFC, but B&G isn’t based on EFC…it’s based on income only…which would include an INCOME that those investments generate. But the assets themselves won’t count for B&G…just for FAFSA.</p>
<p>B&G is rather crazy. You could have a 24 year old person who is a household of ONE, who has a high EFC because his income is all for himself, yet, he’d qualify for B&G as long as his income is under $80k. </p>
<p>You can imagine how high the EFC would be if a student had a household of one and an income of $78k…but he’d still qualify for B&G. Crazy!</p>