<p>A little long story!
I have some problems with a full-aid scholarship from ucb...maybe someone can give me an insight...</p>
<p>The scholarship gives full financial need which is (budget - parent contribution).</p>
<p>my FAFSA EFC was about 2100, but UCB asked for our income tax file, and after evaluation, UCB's EFC was about 6000...</p>
<p>so, in my home-residence package, I receive about $8500 from scholarship, and still have to take $6500 loans (even though the scholarship is full aid...<em>confused</em>). Also, I don't get any Cal grant or Pell grant from UCB -- I was told that there is some sort of limits on how much grant I can get...
I get about $8300 in cal/pell grants other universities (including other UCs).</p>
<p>to summarize what I said:
Fed.Dir Loan Fall:1300
~~~~~~~ Spring: 1300</p>
<h2>Fed Parent Loan: 4300</h2>
<p>Total: $15000 (which is the budget for students who stay with parents)</p>
<p>Notice that loans (2feddir + parent) add up to $6000, which is also the UCB's efc for me.</p>
<p>1) I am not sure how my EFC changed that much, from $2000 to 6000 after re-eval. is it possible? my 5-member family (3students) makes $67k. UCB adjusted to $72k; even then efc shouldn't change that much.
2) are loans the same as expected family contribution? will the family have to loan $6000 AND contribute $6000??
3) I made the decision to stay at home when I filed FAFSA, before I received the scholarship. Will the scholarship cover dorm fees if I change my residence option now? (i believed it would, but not so sure after being told about grant limits...) I sent an email to scholarship dept, but haven't heard back. </p>
<p>4)a. This has more to do with admission: Should I instead go to calpoly as general engineering (my ucb major is undeclared l&s)? I would have to loan about $11k but be in on-campus housing. Thats about $3000 difference is loans, but still less than ~$8000 i would have to pay UCB if i choose dorms there. and in the end, engineering major is more likely to get higher income,right?
b. I could go to UCSB as chemical engineering. $9k loans + $2000 parent contribution + $13k grants = ~$23k on-campus housing budget. BUT the potential problem is $2k parent budget is "subject to verification"...and UCSB has not explicilty asked our tax forms. I don't want the efc suddenly increased to $6k after I accept their admisison.</p>
<p>Sorry :-( -- I am not very informed about finaid, though I received lots about admission from here. thanks in advance!</p>