UC’s deep fi­nan­cial-aid pock­ets

In­sti­tu­tion is the most gen­er­ous of top pub­lic schools in awards to fresh­men, study says.

Los Angeles Times - - CALIFORNIA - TERESA WATAN­ABE teresa.watan­abe@la­times.com Twit­ter: @Tere­saWatan­abe

The Univer­sity of Cal­i­for­nia is the na­tion’s most gen­er­ous pub­lic univer­sity in award­ing fi­nan­cial aid to fresh­men, a new study has found.

UC cam­puses snared seven of the top 10 spots among 250 pub­lic uni­ver­si­ties sur­veyed about their fi­nan­cial aid pack­ages, ac­cord­ing to the Stu­dent Loan Re­port news site.

Ac­cord­ing to the sur­vey, UC River­side was the na­tion’s most gen­er­ous cam­pus, giv­ing fresh­men an av­er­age of $22,241. UCLA, UC Santa Bar­bara, UC Davis, UC Santa Cruz, UC Irvine and UC San Diego had av­er­age awards rang­ing from $19,028 to $21,100.

The data in­clude grants, loans and work-study awards.

“This re­port shows what a bar­gain the Univer­sity of Cal­i­for­nia is,” said UC spokes­woman Dianne Klein. “It’s the na­tion’s top pub­lic re­search univer­sity, and the ex­cel­lent ed­u­ca­tion it pro­vides is also the most af­ford­able.”

The UC sys­tem’s av­er­age cost of at­ten­dance this year for stu­dents liv­ing on cam­pus was $34,700 — with tu­ition and fees amount­ing to $13,900.

The most gen­er­ous Cal State cam­pus was San Jose State, which ranked 36th, with an av­er­age award of $11,596.

Other key facts about UC fi­nan­cial aid, Klein said:

The UC sys­tem al­lo­cates one-third of tu­ition dol­lars to fi­nan­cial aid. Stu­dents may also re­ceive state Cal Grants and Mid­dle-Class Schol­ar­ship awards, fed­eral Pell Grants and pri­vate schol­ar­ships.

Over­all, fi­nan­cial aid to­taled $4.1 bil­lion this year.

UC awarded aid to three-quar­ters of all un­der­grad­u­ate stu­dents. More than half of UC stu­dents pay no tu­ition at all.

The av­er­age UC stu­dent debt at grad­u­a­tion is $20,900, com­pared with the na­tional av­er­age of $30,100.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.