1 The Real Cost of UC: Financial Aid for the Year Los Alamos High School

2 UC Cost of Attendance (‘12-’13) – CA Resident Undergraduate tuition/fees $13,200 (subject to change without notice) health care fee/allowance $1,300 room/board on campus $13,500 books/supplies $1,500 personal and transportation expenses $2,200

Expect to work and borrow Every undergraduate seeking financial aid at UC will be expected to work (less than half-time) and to borrow a “manageable amount” of student loans - student loans and student work = $9.5K - $11K/yearEvery undergraduate seeking financial aid at UC will be expected to work (less than half-time) and to borrow a “manageable amount” of student loans - student loans and student work = $9.5K - $11K/year It is no longer practical to “work one’s way through college”It is no longer practical to “work one’s way through college” Finishing in four years saves moneyFinishing in four years saves money 3

Coming up with the Parent Contribution: For dependent students under 24, most* families will be expected to contribute**; in addition, students will be expected to contribute***For dependent students under 24, most* families will be expected to contribute**; in addition, students will be expected to contribute*** * Based on the FAFSA calculation of ability-to-pay – very low- income families will NOT be expected to contribute ** Parent loans (PLUS) are available if parents can’t cover the amount out-of-pocket – no payment during enrollment *** Nearly all dependent UC students seeking financial aid will be expected to work and borrow about $$9.5-$11K/yr. 4

5 Typical Student Loan & Work Expectation for (Total cost on campus: $31,700)

6 PLUS Loans Available to most families: maximum that can be borrowed = cost of attendance minus other financial aid (all sources)Available to most families: maximum that can be borrowed = cost of attendance minus other financial aid (all sources) 7.9 fixed interest rates, 4% loan fee7.9 fixed interest rates, 4% loan fee PLUS loan repayment can be reduced or deferred until a student and siblings graduatePLUS loan repayment can be reduced or deferred until a student and siblings graduate Students can borrow an additional $4,000 in unsubsidized Stafford loans if family is denied a PLUS.

7 Campus Financial Aid Resources UC Berkeley (510) Berkeley (510) UC Davis (530) Davis (530) UC Irvine (949) Irvine (949) UC Los Angeles (310) Los Angeles (310) UC Merced (209) financialaid.ucmerced.eduUC Merced (209) financialaid.ucmerced.edu UC Riverside (951) UC Riverside (951) UC San Diego (858) UC San Diego (858) UC Santa Barbara (805) UC Santa Barbara (805) UC Santa Cruz (831) www2.ucsc.edu/fin-aid UC Santa Cruz (831) www2.ucsc.edu/fin-aid

8 For More Information General Questions to U.S. Dept. of Ed. and FAFSA Processing Issues:General Questions to U.S. Dept. of Ed. and FAFSA Processing Issues: FEDERAL PIN for Electronic FAFSA:FEDERAL PIN for Electronic FAFSA: Electronic FAFSA :Electronic FAFSA : California Student Aid Commission (CSAC): California Student Aid Commission (CSAC): Cal Grant Information Cal Grant Information UC Online Admissions Application UC Online Admissions Application apply apply California Dream Application: California Dream Application: