Federal Loans

<p>cooladu – </p>

<p>does one of your parents live in California?</p>

<p>I ask because you are totaling school costs based on 3 years as an in-state student at UCSD – </p>

<p>“I’m living abroad rite now but will shift permanently to CA soon…so I’ll be in-state for the next 3 years at UCSD”</p>

<p>Unless you are over 24, currently a resident of California or meet very specific requirements, you will be out of state all 4 years.</p>

<p>If you are under 24, you must meet the year of residency requirement AND the financial independence requirement. That is hard to do, because your parents can’t claim you on their taxes for the current tax year and 2 years prior to the petition for residency AND you have to show that you were self-sufficient for the 2 years and the quarter prior to the petition. That means that you worked and paid for everything yourself – including this year. They do require documentation of this (paychecks, lease contracts with just your name, etc)</p>

<p>“Students under the age of 24 who did not attend the University prior to fall 1993 and do not have a California resident parent or registered domestic partner upon whom they are dependent will be required to meet the University’s financial independence requirement in addition to the 366 day physical presence and intent requirements. It should be noted that this requirement makes it extremely difficult for most undergraduates who do not have a parent or registered domestic partner living in California, including transfer students from community colleges and other post-secondary institutions within California, to qualify for classification as a resident at a University of California campus”</p>

<p>"You will not be eligible for a change of classification until you have been an adult California resident over the age of 18 for more than one year with all your ties to California AND can meet the “Financial Independence” requirements below. You will need to bring in documentation for the items stated under financial independence in addition to all other items under (E) 1 through 12. </p>

<p>A student is considered “financially independent” if he/she meets all of the following criteria: </p>

<p>Is unmarried; and
Was not claimed as a dependent for tax purposes by either parent, registered domestic partner or any other individual for the current and two tax years immediately preceding the quarter for which classification as a resident is requested; and
Can demonstrate self-sufficiency for the current and two preceding tax or calendar years"</p>

<p>Here is a link with all the info – <a href=“http://registrar.ucsd.edu/ver2/info/residency/nonres.html[/url]”>http://registrar.ucsd.edu/ver2/info/residency/nonres.html&lt;/a&gt;&lt;/p&gt;

<p>this means alot in terms of cost of college – so I thought I better make sure you are aware of this.</p>