Financing Your Education - UC Santa ...
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Financing Your Education
ABOUT US
The UC Santa Cruz Financial Aid
and Scholarship Office (FASO)
strives to deliver high quality service
to students and their families. We
are committed to minimizing finan-
How Do I Pay for ALL ADMITTED STUDENTS
cial barriers to support students in
College? are automatically considered
achieving their educational goals. for UC Santa Cruz merit
There are several ways to pay for
scholarships based on their
In addition, we aim to provide pro- college, including self-help/family
support and financial aid. Need-based admissions application.
fessional expertise with genuine
forms of aid like scholarships are pro- Apply for financial aid to be
warm regard for individual circum-
vided based on a student’s financial considered for other need-
stances. We respect the dignity need as determined by the financial based grants, scholarships,
of individuals and the privacy of aid application.
and loan programs.
confidential information. Our team The University’s goal is for the cost of
works to ensure we maintain consis- attendance to be met through a part-
tent and fair treatment for all.
nership which includes: SUMMER EDGE
SELF-HELP college savings accounts, Getting a Head
summer employment and parental/ Start
family support through savings or
borrowing, and New students who want a head
start can enroll in Summer Edge.
FINANCIAL AID money available from Tuition is a flat fee per credit for
federal, state, university, and private all students, a savings of about
sources to help students meet college $9,000 for non-resident stu-
costs. Financial aid helps fill the gap dents. Find out more:
between the cost of attending college
and the amount that students and
https://summer.ucsc.
their families can afford to pay.
edu/summer-edge/
FINANCIAL AID Oct 1, 2020 to March 2, 2021
Submit the 2021–22 FAFSA or
Jan 1 to March 2, 2021
Apply for a Cal Grant via
TIMELINE Dream App. List UC Santa Cruz
(school code 001321).
the GPA Certification Form
with your high school or
community college.
IMPORTANT! Review the Student Aid Report
Watch your e-mail for critical messages (SAR). You can submit corrections
about your financial aid application. online.
How Much Will it Cost to
Attend UC Santa Cruz?
College expenses include direct and indi-
rect costs. Direct Educational Costs are those
items you are billed for by the University
such as tuition, fees, health insurance, and
on-campus housing. Indirect Costs consist of
items not billed to the student account in-
cluding books, supplies, personal expenses,
and transportation. These items are based
on actual costs and survey data. Financial
aid is intended to pay for your educational
costs and living expenses while you are
enrolled. It does not cover living expenses How Do I Apply for Financial Aid at
during breaks.
UC Santa Cruz?
COST OF ATTENDANCE Students must meet basic APPLICATION TIPS
ESTIMATE eligibility criteria as defined by
the Department of Education to file
• APPLY FOR FINANCIAL AID every
for Undergraduate on Campus Resident year on or before by March 2
the Free Application for Federal
• LIST UC SANTA CRUZ SCHOOL CODE
DIRECT UCSC COSTS Student Aid (FAFSA). For informa-
001321 on your FAFSA
Tuition and Fees $13,989 tion on these requirements and
to complete the FAFSA, • USE THE IRS DATA RETRIEVAL TOOL
Campus Health Insurance $3,018
visit studentaid.ed.gov/ (DRT) to pull tax information into
Average Housing Cost with
fafsa. your aid application
7-day Meal Plan $16,950
Subtotal CA Resident Costs $33,957 • REVIEW YOUR MYUCSC TO-DO LIST
Students who are not eligible to file
and complete and submit any
INDIRECT BUDGET/COSTS the FAFSA may be eligible to apply
requested documentation by June 2
for financial aid via the Dream
Books and Supplies $1,086 ( July 1 for transfer students)
Application if they meet AB 540
Transportation $687
criteria. For more infor- • CALIFORNIA RESIDENTS should en-
Personal Expenses $1,686 sure their high school or community
mation, visit dream.csac.
Subtotal Unbilled Costs $3,459 college submits the Cal Grant GPA
ca.gov.
Total CA Resident Budget $37,416 Verification Form by March 2
March 2 to June 2, 2021 April 1 to May 1, 2021 May 1, 2021 to September 1, 2021
Current UCSC Students must New students receive conditional aid Official financial aid offer posted to
complete required items on their offers for Fall 2021. The estimated MyUCSC. Students are notified by
MyAid Verify located on MyUCSC aid offer is subject to change if the e-mail. New students who submit their
-> Financial Aid -> Financial Aid information on your financial aid Statement of Intent to Register (SIR) will
Resources. application is inaccurate or does not receive an official aid offer after May 1.
reflect your family’s ability to contribute.
How Much Will I Family Financial
Receive? Changes
After we have established If your family is facing a change in
eligibility, we develop a financial financial circumstances, such as a
aid “package” to meet financial loss of a job, you can appeal for re-
need. Many students receive a view of your conditional aid offer by
financial aid package comprised of contacting our office. High mortgage
both gift aid (grants and scholar- costs, consumer debt, and other
ships) and self-help aid (loans and discretionary expenses commonly
work-study). To calculate your aid incurred in most households do not
estimate, see Tools and Resources
What If I Need More Help? qualify as family financial changes.
later in this brochure.
Upon enrollment to UC Santa
Other options or financing strategies
Cruz, you may appeal formally by
GRANT & SCHOLARSHIP include:
completing the steps listed under
RECIPIENTS • Signing up for tuition and fees and/or the Family Financial Changes section,
on-campus housing monthly payment on our Appeals page at https://
plans–sbs.ucsc.edu and housing. financialaid.ucsc.edu/
68% of undergraduates ucsc.edu appeals/appeals/
applied for need-based aid financial-changes.html.
• Applying for scholarships from other
agencies–See Private Scholarships under
our Types of Aid > Scholarships section Dependency Status
at financialaid.ucsc.edu
76% of Undergraduates Your dependency status is deter-
received Grants or Scholarships • Working part-time during the academic
mined based on a strict set of criteria
year either on or off-campus–
$19,621 https://careers.ucsc.edu/
student/jobs-internships/
and information you provide on your
financial aid application. Visit
Average Grant offered to these studentaid.gov/apply-
students for year index.html
for-aid/fafsa/filling-out/
$2,927 dependency to view the
• Working during summers and school
breaks federal criteria.
Average Scholarship offered to
these student for year • Applying for loans from private lenders
May 1 to June 2, July 1, 2021 June 1 to August 1, 2021
New students must complete tasks FAFSA eligible students can
on MyAid Verify by June 2. New have their parent(s) submit an
transfer students must complete application for a Parent PLUS Loan
items on My Aid Verify by July 1. starting July 1. To apply, visit
studentaid.gov.
financialaid.ucsc.edu
FINANCIAL AID PROGRAMS
UNDERGRADUATE GRANT UNDERGRADUATE LOAN PROGRAMS
PROGRAMS SCHOLARSHIPS
Loan eligibility is determined by the
Grants are awarded on an annual basis • REGENTS SCHOLARSHIPS are award- Financial Aid and Scholarship Office
to students demonstrating greatest ed to undergraduates at the Univer- (FASO) based on state and federal reg-
financial need. Grants do not have sity of California in recognition of ulations. Loans must be repaid. Loan
to be repaid if all eligibility criteria outstanding academic achievement, limits, interest rates, and repayment
are met such as verification of the regardless of financial need. Schol- terms are subject to change. Find out
reported number in college on your aid ars who maintain GPA and academic more about the following programs at
application or good academic standing. progress requirements are eligible https://financialaid.ucsc.
For more information visit for $5,000 per year for a maximum edu/types-of-aid/loans/
https://financialaid.ucsc. of four years for freshmen and two index.html.
edu/types-of-aid/grants/ for transfer students.
index.html. • WILLIAM D. FORD FEDERAL DIRECT
• CAMPUS MERIT SCHOLARSHIPS are LOANS Subsidized loans are award-
• FEDERAL GRANTS The U.S. Depart- awarded to undergraduate students ed based on need and do not accrue
ment of Education awards Pell and who demonstrate high academic interest while the student is enrolled
the Federal Supplemental Educational achievement. Awards are $2,000 per at least half-time. Unsubsidized loans
Grants to eligible low-income year for a maximum of four years begin accruing interest at the date of
students. for freshmen and two for transfer the first disbursement and are not con-
students. tingent upon need. Visit studentaid.
• STATE GRANTS The California Student
gov for more details.
Aid Commission awards grants and • UNDERGRADUATE DEANS AWARD
scholarships to cover tuition costs AND SCHOLARSHIP New non- • FEDERAL DIRECT PARENT LOANS FOR
through programs like the Cal Grant resident students are considered for UNDERGRADUATE STUDENTS (PLUS)
and the Middle Class Scholarship. these scholarships based primarily Parents may borrow up to the full cost
These programs have income and on their academic achievement. of education as defined by FASO less
asset limitations. Awards range from $3,000 to any other financial assistance the stu-
$10,000 per year, renewable for up dent receives. Parent PLUS loan appli-
• UNIVERSITY GRANTS are awarded by
to four years for freshmen and two cations require credit check approval.
the University to California to Califor-
for transfer students.
nia resident students with the greatest • CA DREAM LOANS provides eligible
financial need, after considering all • OTHER CAMPUS SCHOLARSHIPS undocumented AB 540 undergradu-
other forms of grant assistance provided are donated by benefactors of the ates with the option to borrow.
by federal and state programs. This also University. A variety of scholarships
includes the Blue and Gold Opportunity • UNIVERSITY LOAN is a campus based
are available that recognize special
plan for families with total incomes un- loan provided to freshmen who meet
attributes such as academic majors,
der $80,000. This plan provides tuition financial need criteria.
special interests, and family back-
assistance up to financial need as deter- ground. • PRIVATE LOANS are available through
mined by your financial aid application.
outside financial institutions. An
application is required and terms and
conditions can vary. Prior to seeking
WORK-STUDY PROGRAMS outside private loan, please check with
Some students may receive a federal or institutional work-study offer as FASO to determine if you have other
part of their aid package. Work-study helps fund a portion of your wages if options available.
you apply for and secure employment in a work-study job. There is no em-
ployment guarantee–jobs are competitive. Additionally, work-study is not
required for all jobs on campus.
TOOLS AND RESOURCES
1 Visit our website 2 Click on “Calculators” 3 Click on “FASO Slug 4 Connect with us on
to access the tools Financial Aid Estimator Series Videos” to watch Twitter and Facebook
and resources below to calculate the estimat- videos on topics such by searching UCSC
by hovering over ed amount of financial as how to read your Financial Aid.
the header titled aid you might receive at conditional aid offer or
Forms/Resources. UC Santa Cruz. calculating your bill.
financialaid.ucsc.edu
Contact Us FINANCIAL AID OFFICE:
205 Hahn Student Services
WEBSITE:
financialaid.ucsc.edu Prerecorded
1156 High Street financial aid
Santa Cruz, CA 95064 SOCIAL MEDIA: information is
Monday–Friday, 10 am to 4 pm available by
UCSC Financial Aid
phone 24/7.
831.459.2963
Policies and Disclosures related to the information in this brochure are accessible at https://financialaid.ucsc.edu/financial-aid-policies/index.html
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