Does FAFSA pay more if living on campus?

BrownParent
Sun, 25 May 2014 07:49:38 +0000

No. Pell is a Federal amount that is calculated based on income and the max per year available for the 2014-15 year is 5,730. You are also eligible for Federal Direct student loans each year. You should be awarded work/study or can get a 10-15 hour job. You will likely be awarded a Cal grant A which is about 5,500 for Cal State and 12,000 for UC.

So COA at CPP is about 23,000. Figure Pell+Cal grant = 11,230. You still need 11,770. You can take a loan for 7,500 leaving need of 4,270. Your parents can apply for a plus loan. If they are denied you can take another 4,000 yourself.

You should probably apply to UCs as well. You will get a bigger Cal Grant, and the university itself will award grants to students with 0 EFC for some of the living expenses.