Financial Aid Troubles

<p>Hi I’m a 2nd year in a crap situation. Ok. I admit I messed up. I used to get a little over 10,000 dollars for Cal Grant A. Sadly, I didn’t meet the 3.0 requirements at Davis so now my poor family has to pay nearly all of tuition to send me to college. Fack</p>

<p>I messed up BIG time and learned the hard way.</p>

<p>Is it possible to raise my gpa to 3.0 in fall quarter and get more financial aid in winter quarter? Or are there scholarships I can apply for right now? HELP</p>

<p>waiiitt... there's a 3.0 gpa requirement for Cal grant A? Really?</p>

<p>why is it that I have less than a 3.0 yet I receive 10K +?</p>

<p>I got a 2.84 overall at spring quarter... hmm. </p>

<p>I know i had over 3.0 during fall and winter, so maybe that's why?</p>

<p>Sorry, man. I mean, the best thing that I can suggest is that you work harder to raise your gpa up to 3.0. To be honest, I wouldn't be asking here, rather call the FA office... they should have direct answers. </p>

<p>Good luck!</p>

<p>Are you sure it is a 3.00 UCD GPA requirement? I thought it was just 3.00 GPA in HS and then keep a 2.00 in college.</p>

<p>^ THAT!</p>

<p>i thought it was a 2.0 gpa as well...</p>

<p>Financial</a> Aid Grant Funding.
California</a> Student Aid Commission - Cal Grant A *</p>

<p>Did you get a letter? What did it say?</p>

<p>I don't believe I got any sort of letter...</p>

<p>Did you guys receive all your financial aid yet from your mybill webpage? Optimistic from the above comments but still worried...</p>

<p>@ limchi: mine says "estimated financial aid: 4,063.00."</p>

<p>Anyway, on the financial aid page under "important dates", when it says that financial aid will be disbursed to student accounts on Sept. 12, what does that mean? I'm new to this whole financial aid thing.</p>

<p>Sopranokitty, are you sure the page doesn't say "Estimated Financial NEED?" Because $4,063 sounds like a reasonable EFC (estimated financial contribution). </p>

<p>Go back to MyAwards and double-check. Your financial aid amounts should be listed at the bottom.</p>

<p>On Sept. 12, your financial aid will be added to your account. So, don't freak out if you have a $5,000 account balance right now. If you are eligible for financial aid this quarter, it will be cleared on Sept. 12th. There are no penalties, as I believe the actual deadline (for students paying out of pocket) is Sept. 15th.</p>

<p>
[quote]
Sopranokitty, are you sure the page doesn't say "Estimated Financial NEED?" Because $4,063 sounds like a reasonable EFC (estimated financial contribution).

[/quote]
</p>

<p>They're referring to myBill, which does have a line on your current statement labeled "Estimated financial aid".</p>

<p>Don't go looking for financial aid on myBill yet. It does show an estimate but the aid will not actually reach your student account on myBill for another couple weeks. Use MyAwards to figure out how much financial aid you are getting until then.</p>

<p>The estimated aid is based on MyAwards, though. Theoretically, the two should be consistent.</p>

<p>@ tracy: No, it says estimated financial aid on MyBill. $4,063 is what I have combined in University Grant, University Fee Grant, and Entering UG Scholarship. The rest of my financial aid was offered in loans, and I don't feel comfortable taking out loans since I hear you have to pay them back, and I currently don't have a job to pay off loans.</p>

<p>@soprano:</p>

<p>Just curious, but how much in loans do you have to/need to take out to cover this year? Don't answer if you're not comfortable, but it just interests me.</p>

<p>Annually:
Federal Direct Loan Sub-NH: $1,261
Federal Direct Loan Unsub-NH: $6,239</p>

<p>For each quarter:
Federal Direct Loan Sub-NH: $420 ($421 for spring)
Federal Direct Loan Unsub-NH: $2,080 ($2,079 for spring)</p>

<p>I should have probably mentioned the $4,063 in my previous post was only for fall quarter. For the entire year, it's: </p>

<p>University Fee Grant: $4,239.00<br>
University Fee Grt Group 1-NH: $1,064.00<br>
Entering UG Scholarship - NH: $6,885.00<br>
Total: $12,188.00</p>

<p>And I already mentioned that I don't plan on taking out loans. Not unless I manage to successfully land myself a job.</p>

<p>@sopranokitty: Keep in mind that, if you do need to take out loans, it's not that big of a deal. The direct subsidized loans are great because you don't pay any interest until after you graduate (and even then, the interest rate is really good at around 4%). Also, if you take out loans and pay on time, it will reflect well on your credit history/score.</p>