10+ Year Member
- Mar 22, 2009
I received my Financial Aid Award from UCSC today. But I'm a bit lost on what I actually will have to pay. I understand that grants = free money and loans is what I pay back.Estimated Cal Grant B - Access Grant 1,551.00
Federal Pell Grant Grant 5,550.00
UC Santa Cruz Grant Grant 13,929.00
UC Fee Grant Grant 672.00
Federal Perkins Loan Loan 549.00
Federal Direct Subsidized Loan Loan 3,500.00
Federal Direct Unsubsidized Ln Loan 2,000.00
Federal College Work-Study Work/Study 1,500.00
Estimated AC Grant Yr1 Grant 750.00
Parent Loan Option-Submit Form Loan 701.00
Aid Year Totals 30,702.00
- What is the difference between subsidized/unsubsidized loans?
- Do I have to take all these loans? Can I request no-interest loans til I'm done with graduate school?
- What is the Parent Loan option? My parents aren't able to pay a penny for my tuition so I'm confused. My EFC is 0.
- Is this a good financial aid award or bad? It looks like almost 10k in loans for my freshman year itself. :X
Any advice is greatly appreciated!! Thank you! =]
I also qualified for:
The bolded is what is confusing me. It looks like it contradicts my financial aid award..You qualify for Blue and Gold Opportunity Plan based on program guidelines. Under this program, UC guarantees that your final aid award will contain enough grant and scholarship funds from all sources to cover your education and registration fees for the 2010-2011 academic year. Grant and scholarship funds may include Federal Pell Grants, state Cal Grants, private scholarships you have been awarded, and/or university grants and scholarships.
For more information about the University of California Blue and Gold Opportunity Plan go to http://www.universityofcalifornia.edu/blueandgold/