Estimated Undergraduate Budget, 2007–08
	California Residents		Nonresidents
On Campus	One Quarter	F-W-S Quarters	One Quarter	F-W-S Quarters
Required Fees
University Registration Fee	$262.00	$786.00	$262.00	$786.00
Educational Fee (a)	1,950.00	5,850.00	2,134.00	6,402.00
Santa Cruz campus fees (b)	336.60	1,009.70	336.60	1,009.70
Health Insurance (waivable)	348.00	1,044.00	348.00	1,044.00
Subtotal	$2,896.60	$8,689.70	$3,080.60	$9,241.70
Estimated Personal Expenses (c)
Room and board	$4,161.00	$12,483.00	$4,161.00	$12,483.00
Books and supplies	442.00	1,326.00	442.00	1,326.00
Miscellaneous	478.00	1,434.00	478.00	1,434.00
Transportation (d)	274.00	822.00	274.00	822.00
Subtotal	$5,355.00	$16,065.00	$5,355.00	$16,065.00
Total Budget CA Residents	$8,251.60	$24,754.70
Nonresident Tuition			$6,356.00	$19,068.00
Total Budget CA Nonresidents			$14,791.60	$44,374.70
a) Undergraduates who are unable to maintain a full-time program of study because of employment responsibilities, family obligations, or health problems may be eligible for a 50 percent reduction in the Educational Fee.
b) One quarter at $336.60; two quarters at $336.55.
c) Estimated personal expenses for students living off campus total $4,623 per quarter or $13,869 for three quarters. Estimated personal expenses for students living with family total $2,979 per quarter or $8,937 for three quarters.
d) Expenses of owning a car and parking on campus are not included here. For parking fees, see www2.ucsc.edu/taps/pdf/rates07-08.pdf.

[Return to top.]

Financial Aid

Grants
The following grants are available to undergraduates. Students must submit the FAFSA by March 2 for the following academic year.

The Cal Grant A program, open only to California residents, will provide a maximum award of $6,636 in 2007–08 to help offset mandatory registration fees for the academic year. Students are selected on the basis of academic achievement and financial need.

The Cal Grant B program, designed for California students from low-income families, will provide an annual living stipend of $1,551 to all eligible freshman students in 2007–08. In 2007–08, to help offset mandatory registration fees and aid with annual living expenses, this grant wil provide $8,187 to students at the sophomore level and above.

All California residents seeking financial aid must apply for a Cal Grant bysubmitting a FAFSA by March 2 and listing a California college in the information-release section of the FAFSA. New applicants for the Cal Grant must also file a GPA Verification form directly to the California Student Aid Commission by March 2. More information is available at www.csac.ca.gov .

Federal Pell Grants will provide a maximum of $4,310 during 2006–07.

Federal Supplemental Educational Opportunity Grants are available to students with substantial financial need. The grants range from $100 to $4,000.

Federal Academic Competitiveness Grants provide up to $750 for first-year college students and up to an additional $1,300 for second-year students. To receive an Academic Competitiveness Grant, freshmen and sophomores must be Federal Pell Grant eligible, U.S. citizens, enrolled full-time, and have completed a program of rigorous high school course work as defined by their state (all regularly admitted UCSC students meet this criteria). In addition, sophomores must have earned a 3.0 GPA by the end of their freshman year. Visit federalstudentaid.ed.gov for more details.

Federal National Science and Mathematics Access to Retain Talent (SMART) Grants provide up to $4,000. To receive a SMART Grant, juniors and seniors must be Federal Pell Grant eligible, U.S. citizens, enrolled full-time, majoring in designated science, technology, math, or critical foreign languages, and maintain a 3.0 GPA each term during the year. Visit federalstudentaid.ed.gov for more details.

UC Santa Cruz Grants are designed for students with substanial financial need. Funds for this grant program come in part from the educational fees paid quarterly by students at all campuses of the university.

Scholarships
A variety of scholarships, ranging from $250 per year to an amount that covers full financial need, are available to undergraduates. Funding comes from many sources—private donors, corporations, professional associations, alumni, and the university itself.

The amount of the scholarship award is generally based on the student’s demonstrated financial need. In cases where the student’s established financial need exceeds the amount of the scholarship, the award may be supplemented by other types of financial aid.

Merit scholarships are awarded competitively on the basis of high academic achievement and potential. Other scholarships are restricted to students from particular geographic areas or family backgrounds or are limited to students in particular majors, classes, or colleges. The donors have different reasons for giving, and their varied interests are reflected in the wide range of scholarships available. Merit and restricted scholarship awards range up to $2,000 and are for one year.

Regents Scholarships are awarded for periods of four years to entering frosh and for periods of two years to continuing or transfer students beginning their junior year at the university. These awards are based on academic achievement and promise, irrespective of financial need. New recipients of Regents Scholarships receive either an honorarium of $6,000, for students with no calculated financial need, or a stipend in combination with other gift aid that pays full in-state financial need as calculated by the Financial Aid Office.

Need-Based Loans
Student loan funds are administered by UC in accordance with the regulations of the federal government. There is no interest on need-based student loans as long as the student is enrolled in college at least half-time. To qualify, students must be enrolled in a degree program and demonstrate financial need. To apply for these loans, students must submit the FAFSA.

Through the Federal Perkins Loan Program, students may borrow up to $20,000 for undergraduate study. Repayment begins nine months after graduation or withdrawal from higher education. The interest rate is 5 percent per year.

William D. Ford Federal Direct Subsidized Student Loans are administered by the UCSC Financial Aid Office. Students must demonstrate financial need, and annual limits for dependent students are $3,500 for first-year students, $4,500 for second-year students, and $5,500 for all other undergraduates. The annual limit for graduate students is $8,500. Students may borrow up to $23,000 for undergraduate study and up to $65,500 for undergraduate and graduate study combined. Students pay an origination fee and an insurance premium of up to 2.5 percent. Repayment begins six months after graduation or withdrawal from higher education. The interest rate is 6.8 percent fixed on all loans made in 2007-08.

Non-Need-Based Loans
William D. Ford Federal Direct Unsubsidized Student Loans are administered by the Financial Aid Office. These loans are available to students who do not qualify for the subsidized loans (above), and students must first be determined ineligible for a Federal Direct Subsidized Student Loan. Interest is charged on unsubsidized loans from the date the loan is made. The interest rate is fixed at 6.8 percent on all loans made in 2007-08.

The borrower must pay an origination fee of up to 2.5 percent, which is deducted from the amount of the loan. Eligibility is calculated by subtracting any financial assistance awarded the student from the cost of education as defined by the Financial Aid Office (see the Undergraduate Budget table). Loan limits for dependent students are the same as for the Federal Direct Subsidized Student Loans. Federal Direct Subsidized and Unsubsidized Student Loans are added together for students who have both types to determine if the limit has been reached.

Independent students have higher combined Federal Direct Subsidized and Unsubsidized Student Loan limits than do dependent students. The annual limits for independent students are as follows: $7,500 for first-year students; $8,500 for second-year students; $10,500 for other undergraduates; and $20,500 for graduate students. Students may borrow up to $46,000 for undergraduate study and $138,500 for undergraduate and graduate study combined.

Students may begin repaying principal and interest on Federal Direct Unsubsidized Student Loans immediately, pay only interest immediately, or defer both principal and interest until they are no longer enrolled in school at least half-time.

Through Federal Direct Parent Loans for Undergraduate Students, parents may borrow up to the full cost of education as defined by the UCSC Financial Aid Office, less any financial assistance the student receives. Parents must demonstrate creditworthiness for loan approval. Borrowers pay an origination fee of up to 4 percent, which is deducted from the loan amount. Loan payments begin 60 days after the last disbursement. The interest rate is fixed at 7.9 percent on all loans made in 2007-08.

Other loans. The UCSC Financial Aid Office provides information about other privately sponsored education loans at www2.ucsc.edu/fin-aid or upon request.