Summer Office Hours and Closures
June 2 - June 13
We will remain open normal business hours:
M-F 9am - Noon, 1pm -4pm
The front desk will be closed from 9am - Noon. Phones will remain open during normal business hours.
June 18 - June 20
The front desk will be closed all day. Phones will remain open during normal business hours.
June 23 - September
The front desk will be closed on Tuesday and Thursday mornings, 9am - noon. Phones will remain open during normal business hours
Direct Subsidized Loan 150% Rule
As of July 1, 2013, a first-time student loan borrower is no longer eligible for Direct Subsidized Loans after he or she exceeds 150% of the published length necessary to graduate in an undergrad degree program. For example, students in a four-year program will only be eligible for Direct Subsidized Loans for the equivalent of six years (aggregate loan amount limits still apply). However, students may continue to receive Direct Unsubsidized Loans after losing the Subsidized eligibility.
In addition, a borrower reaching the 150% limit becomes ineligible for the interest subsidy benefits on all Subsidized Loans disbursed on or after July 1, 2013. Repayment does not begin, but the interest will start accruing on those Subsidized loans. Any and all periods of Subsidized Loan borrowing will count against the 150% time limit. For more information, please see the announcement (PDF) released by the Department of Education.
OFAS Social Media Scholarship – Summer Session 2014
Attention Gauchos! Attending Summer Session 2014?
“Like” us on our Facebook page or follow us on Twitter for a chance to win a $250 Scholarship for Summer Session 2014. One Facebook or Twitter follower will be chosen randomly and will receive a $250 Scholarship for Summer Session 2014.
“Like” us on Facebook
Follow us on Twitter
If you do not have a Facebook or Twitter account, you can sign up at http://www.facebook.com orhttp://www.twitter.com.
One Facebook or Twitter follower will be chosen randomly and will receive a $250 Scholarship for Summer Session 2014.
Entrants must “Like” UCSB Office of Financial Aid and Scholarship on Facebook and/or follow @UCSBFinAid on Twitter by Friday, August 29, 2014.
The winner must be enrolled in Summer Session 2014.
The winner must complete a minimum of 6 units in Summer Session 2014.
The winner must have a Summer Financial Aid Application on file.
The winner will have the scholarship applied only to Summer Session 2014.
The winner must have financial need as determined for federal need-based aid programs. Federal rules for resolving overawards apply.
The winner will be notified via Facebook message or Twitter message. The winner must respond within 72 hours of contact or he/she forfeits the scholarship. If the scholarship is not claimed within the time limit, an alternate winner will be selected at random.
Facebook and Twitter Disclaimer:
This scholarship is in no way sponsored, endorsed or administered by, or associated with, Facebook and Twitter.
Understanding Financial Aid Revisions
When students receive additional funding from sources outside of what is offered in their initial Financial Aid award letter, your Financial Aid award is reevaluated and may change. The following presentation explains this process: View "Understanding Financial Aid Revisions"
Cal Grant, Pell Grant, and Work-Study Recipients: IMPORTANT Enrollment Requirements
In order to remain eligible to receive your full Cal Grant and/or Pell Grant award, you must be enrolled in a minimum of 12 units at census date every quarter. Work-Study eligibility can also be affected if enrolled units are below amounts as listed below. Census date occurs one day after the last day to add classes on GOLD. If you are enrolled in less than 12 units on the census date, your Cal Grant and/or Pell Grant will be reduced or prorated accordingly after the census date has passed, which may result in a charge on your BARC account.
Full-time award (12 units): $4080 per quarter (nothing billed back)
3/4-time award (9-11 units): $3060 per quarter ($1020 reduction)
1/2-time award (6-8 units): $2040 per quarter ($2040 reduction)
If you receive the Cal Grant Stipend, this may also be reduced based on units.
Full-time (12 units): Nothing billed back
3/4-time (9-11 units): Reduction depends on award amount
1/2-time (6-8 units): Reduction depends on award amount
Full-time (12 units): no adjustment
3/4-time (9-11 units): no adjustment
1/2-time (6-8 units): no adjustment
Less than 1/2-time (5 or less units): award is terminated for the quarter
Our office will only check your enrollment at the census date of every quarter, so a student may make changes to their enrollment during the first 3 weeks without penalty (add or drop classes, crash classes, etc.). If you are adding classes with approval codes or with special professor approval, be sure these are completed by the census date to maintain your grant eligibility.
Students must also meet published campus academic standards. Additional information regarding those standards can be found in the General Catalog.
5 Facts About University of California Affordability
While it’s no secret that student loan debt is on the rise across the nation, a University of California degree remains one of the best investments you can make in your future. With that in mind, the Office of Financial Aid and Scholarships would like to share the following Five Facts about University of California Affordability:
Over 50% of all CA resident undergraduates receive grants and scholarships (“gift aid”) that cover 100% of their systemwide tuition and fees.
UC continues to enroll a much higher percentage of low-income Pell Grant recipients than comparable universities. Last year, 39% of UC students received Pell Grants. In contrast, the estimated percentage at other AAU public institutions was less than 25%, and less than 20% at AAU private institutions.
Nearly half of UC’s 2010-11 graduating class had no student loan debt. The 51% who did borrow had average debt of about $17,700, well below the national average of about $25,000.
UC students’ average debt can be repaid with monthly payments of about $200 – less than 6% of their estimated average starting salary – based on a standard 10-year payment plan. Income-based payment plans are available for students with unusually high debt or low income.
After taking grants and scholarships into account, the average net tuition paid by all UC students was about $4,400 in 2010-11 – lower than at many comparable public research universities.
¿Necesita usted asistencia financiera para la universidad?
Para tener derecho a los programas de asistencia financiera a nivel federal, estatal y universitario, es obligatorio rellenar y entregar la Solicitud Gratuita de Ayuda Federal para Estudiantes (FAFSA) cada año. Para cumplir con este requisito y aprender más de los programas disponibles, vaya usted a uno de los siguientes enlaces: En español: http://www.fafsa.ed.gov/es_ES/, En inglés: http://www.fafsa.ed.gov/.
Además, no se olvide que el código de la Universidad de California en Santa Barbara (UCSB) es 001320. Es necesario incluir este código cuando uno entrega el FAFSAsm para que la solicitud sea enviada a la Oficina de Asistencia Financiera y Becas de UCSB, después de ser controlada por el Departamento de Educación de EE.UU. Al mismo tiempo, para tener derecho a recibir becas universitarias y estatales en California, es necesario entregar la Solicitud (FAFSAsm) antes del 2 de marzo cada año. (Por ejemplo, para recibir asistencia financiera para la universidad empezando en septiembre de 2015 – el año escolar 2015-2016-, hay que entregar la Solicitud entre el primero (1ero) de enero 2015 y el 2 de marzo 2015.) Conjuntamente, algunos individuos de familias inmigrantes a California que cumplen con los requisitos pueden también solicitar asistencia financiera estatal por el California Dream Act. Para más información y la solicitud del Dream Act, vaya al siguiente enlace: http://www.csac.ca.gov/dream_act.asp.
Financial Aid Matters Guide for Students and Parents
We view financial aid as an investment that requires a partnership between our office, students and parents. It requires open communication and collaboration from the point of filing the first application to loan repayment after graduation.
Financial Aid Matters Guide
A Guide for Students and Parents
We developed this resource in hopes of providing you the information you should know about your student’s financial responsibilities, including:
- How to navigate the award letter and determine net costs
- The verification process and important dates and deadlines
- How the cost of attendance and financial aid eligibility is determined
- Loan options, budgeting, smart borrowing, and repayment
- Billing, disbursements, authorization of charges, and refunds
- Term and conditions, revisions, and return of aid
- Special circumstances and appeals
Moving Off Campus?
How moving to off-campus housing will affect Financial Aid
Many college students, specifically juniors and seniors, will live off-campus at one point or another during their college career. While living off campus can be rewarding, it does present new responsibilities and some challenges.
Below are some important things to think about and some of the most commonly asked questions about moving off campus and how it will affect the financial aid award letter and general process.
In preparation for moving off-campus, here are some important things to plan for:
- Finding the right apartment that fits within your student budget.
- Coming up with the security deposit and first months rent.
- Considering expenses like utilities, transportation and food.
Frequently Asked Questions:
How will my financial aid be calculated if I live off-campus?
Your financial aid will be calculated based on the off-campus budget which includes tuition and fees, housing and food, books and supplies, health care, transportation and personal expenses which are based on the 9 month academic year. Since the cost of living off-campus varies for each student depending on where you live and your spending habits, we use a standard cost of attendance estimate for all students. Given that the estimated cost of living off-campus is less than the cost of university housing, students may see a reduction in their financial aid.
Does the off-campus budget allow money for rent and food?
Your accepted financial aid, except for Federal Work-Study, is applied to your billing charges first. If your financial aid is more than the charges on the billing account, you will have a refund due to you that can be used to pay for the off-campus housing expenses, including food.
Note - Room and board expenses for the summer months are not part of the calculation of your financial aid. Your financial aid for the academic year will be based on the 9 month period; fall, winter and spring. Therefore, any refunds received should be budgeted appropriately and are not intended to help meet summer expenses.
Are there loans available for my off-campus living expenses?
Yes, Federal Direct Loans, including the parent PLUS loan or a private alternative loan are available to meet these expenses. Off-campus living expenses are included in your total budget, so loans can be borrowed to cover them.
What if my monthly rent is more than the amount included in the cost of attendance per month?
If your actual rent cost does exceed the financial aid estimate, it may be possible for you to borrow an additional amount for living expenses, but that is dependent on your eligibility and availability of loan funds. Be aware that you will incur start-up costs for your apartment (security deposits, phone installation, furnishing, etc.) that are not a part of the financial aid budget.
How to Request a Tax Return Transcript and/or Verification of Non-Filing Form
If you need to request a student or parent tax return transcript from the IRS, please review our step-by-step instructions