Financial Aid < University of California Irvine

Financial Aid

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Scholarships for Entering Freshmen or Transfer Students

UCI scholarships are awarded based on the basis of academic ability and predict ; and do not require repayment. There are five eruditeness categories to meet the needs of a divers scholar body such as Community Leadership, Innovation, Academic Excellence, Anteater and Distinguished eruditeness categories. The scholarships in these categories are awarded on the footing of academic merit, fiscal need, leadership know, community service, and overcoming adversity. UCI offers entering freshmen and transfer students with rise high academician accomplishment and leadership potential from the Distinguished Scholarship Category : The Regents ’ Scholarship, the Chancellor ’ s Excellence Scholarship, and the Directors ’ Scholarship .
UCI Distinguished Scholarships are intended for entering freshmen and transfer students and are based on the information gathered on the UC Application for Undergraduate Admission. Additional materials, such as the eruditeness lotion, are neither required nor considered in the excerpt action. Entering freshmen and transplant students who submit the UCI-specific eruditeness application are besides considered for scholarships in the other five categories based on available funds. In addition, the UCI Alumni Association offers scholarships by invitation only. accommodate students who have submitted a Statement of Intent to Register and meet the criteria for qualifications will be invited to apply for an Alumni Association Scholarship. information about the UCI Alumni Association Endowed Scholarship is available on the UC Application for Undergraduate Admission and Scholarships, and a freestanding application is required .

Scholarships for Entering Graduate Students Enrolled in Master-Degree Programs

Entering graduate students enrolled in Master Degree programs can apply to respective available scholarships. scholarship applications are forwarded to the schools for selection of recipients .

Scholarships for Continuing Students

Continuing students may apply to campus-wide scholarships and school-specific scholarships during the application period of November-December for the come academic year. The Office of Financial Aid and Scholarships reviews these applications and considers all applicants for all available scholarships. The campus-wide scholarships are both merit-based and need-based. Students will be notified about their likely scholarships during the June-July timeframe.

Grants

Grants are awarded on the basis of fiscal need. There is no refund requirement. A scholar ’ s fiscal aid award includes grant funds whenever regulations, UCI policies and fund levels permit .
Federal Pell Grant is the largest federally fund accord program and provided up to a utmost of $ 6,345 for the 2020-21 academic year. To be eligible, applicants must be U.S. citizens or eligible noncitizens, be enrolled as undergraduates, have not previously received a knight bachelor ’ sulfur degree, and demonstrate fiscal need. Students must use the FAFSA to apply for this grant. Students must be enrolled fully time ( 12 units ) to receive the full moon grant, and enrolled at least half clock ( 6 or more units ) to receive a prorate amount. The come of Pell Grant funds students may receive over their life is limited to the equivalent of six years of Pell Grant fund .
Cal Grant A is a state-funded grant platform which presently provides awards to be applied to the payment of University tutelage and fees. In 2020-21, Cal Grant A awards paid up to $ 12,570. To be eligible, applicants must be California residents and demonstrate fiscal need. Students must use the FAFSA and GPA Verification Form to apply for Cal Grant A. The file deadline for modern applicants is March 2 for the following year. Students must be enrolled full time ( 12 units ) to receive the full concede, and enrolled at least half clock time ( 6 or more units ) to receive a prorate measure .
Cal Grant B is a state-funded grant platform which provided access awards in the 2020-21 year up to a maximum of $ 1,656 for animation expenses during the scholar ‘s first year. In subsequent years, students qualify for this access award plus an award for tutelage and fees. In 2020-21, Cal Grant B tuition/fee awards paid up to $ 12,570. To be eligible, applicants must be California residents, demon­strate fiscal need, and be entering college or not have completed more than one quarter of college work. Students must use the FAFSA and GPA Verification Form to apply for Cal Grant B. The file deadline for new ap­plicants is March 2 for the follow year. Students must be enrolled full time ( 12 units ) to receive the full grant, and enrolled at least one-half time ( 6 or more units ) to receive a prorate amount. note : Students may not receive both Cal Grant A and Cal Grant B .
Middle Class Scholarship (MCS) is a state-funded eruditeness broadcast which presently provides awards to be applied to the requital of University tuition and fees. To be eligible, applicants must be undergraduate students who are California residents or AB-540 eligible and have a family income no greater than $ 184,000 and family assets of no more than $ 184,000. Students must use the FAFSA/California Dream Application to apply for this award. The filing deadline for newfangled applicants is March 2 for the trace year. Students must be enrolled at least half fourth dimension ( 6 units ) to receive the scholarship. In 2020-21, Middle Class Scholarship awards paid up to $ 5,028. award amounts are determined after a scholar is awarded any federal and state grants ampere well as any parcel of UC aid which is specifically designated for system-wide tutelage and fees. A student will be awarded a eruditeness only if these awards, taken together, do not already exceed the total that the student is entitled to under the MCS program .
Federal Supplemental Educational Opportunity Grant (FSEOG) provides grant help for U.S. citizens and eligible noncitizens who are undergraduate students and have demonstrated fiscal indigence. The amount awarded depends upon fiscal indigence and fund levels .
UCI Grant is funded by The Regents of the University of California and by the State of California and provides grant aid for full-time students who demonstrate fiscal want. The measure awarded depends upon fiscal want and fund levels .

Loans

Loans are often part of a fiscal aid award. They provide recipients with an opportunity to defer the price of their department of education by borrowing when needed and paying late. however, lend recipients must pay interest on the total borrowed. The postponement and cancellation provisions for the loans listed below are contained on the promissory note each recipient must sign and may be obtained from the Office of Financial Aid and Scholarships .
A student ’ s lend province, anterior to acceptance of the loan, is to understand the terms of the loanword. After accepting the loanword, the recipient must repay the loanword in accordance with the repayment agenda ; advise the Office of Financial Aid and Scholarships upon leaving UCI ; participate in an exit interview ; and provide the Financial Services Office with a stream address after leaving UCI. In case of end or total disability, great loanword obligations may be cancelled upon presentation of official confirming documents .
University Loan, funded by The Regents of the University of California, provides long-run loans to undergraduates who are full-time students who demonstrate fiscal motivation. The maximal measure for an academician year is typically $ 1,000. sake of five percentage a year begins six months after the student ceases to be enrolled at least half time, and repayment must be completed within ten years. Two cosigners are required .
DREAM Loan, funded by The Regents of the University of California and the State of California, provides long-run subsidized loans to DREAMER students who demonstrate fiscal help eligibility. The utmost amount for an academic year is $ 4,000. The interest rate matches the subsidize Direct Loan rate for that same academic year ( Interest rates are available at the Federal Student Aid Interest Rates and Fees website ). Interest begins six months after the scholar ceases to be enrolled at least half fourth dimension, and refund must be completed within ten years .

William D. Ford Direct Loan Program

Subsidized William D. Ford Federal Direct Loan, processed through the U.S. Department of Education and UCI, is available to undergraduates who are U.S. citizens or eligible noncitizens, and who demonstrate fiscal motivation. During an academician class, the utmost a student may borrow is $ 3,500, freshmen ; $ 4,500, sophomores ; $ 5,500, juniors and seniors. A loan tip will be deducted from the amount of the lend anterior to issuing the check .
interest pace : If a scholar receives a loan that is first disbursed between July 1, 2012, and July 1, 2016, the scholar will be responsible for paying any pastime that accrues during the grace period. If a scholar chooses not to pay the interest that accrues during the grace period, the concern will be added to the principal balance.

If a scholar received a lend anterior to July 1, 2012, the federal politics pays the interest during the postponement period .
interest rate : Visit the Federal Student Aid Interest Rates and Fees website for current arsenic well as historic loanword rates and fees .
For first-time borrowers borrowing on or after July 1, 2013, there is a limit on the maximal menstruation of prison term ( measured in academic years ) that you can receive Direct Subsidized Loans. In general, you may not receive Direct Subsidized Loans for more than 150 percentage of the print length of your program. For more data, visit : hypertext transfer protocol : //studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized
Unsubsidized Federal Direct Loans have the lapp terms and conditions as the Federal Direct Loan, including the aggregate lend limits, interest rate and repayment. During an academic year the utmost a pendent scholar may borrow is $ 5,500, freshmen ; $ 6,500, sophomores ; $ 7,500, juniors and seniors. mugwump students may borrow an annual maximum of : $ 9,500, freshmen ; $ 10,500, sophomores ; $ 12,500, juniors and seniors ; $ 20,500, graduate/professional ; and $ 32,000, medical students. These maximal amounts include any sum borrowed under the Subsidized William D. Ford Federal Direct Loan program. however, the loanword is not based on need. Students may borrow an total equal to the monetary value of attendance, less any calculate fiscal aid improving to the annual loan limits in effect at the time the loan is disbursed. Students must first apply for the Federal Direct Loan prior to consideration for the Unsubsidized Federal Direct Loan. There is no pastime subsidy for this loan ; students pay the interest charged while enrolled at UCI. Students may receive both subsidize and unsubsidized Federal Direct Loans, but the total may not exceed the loan limits. Borrowers with both types of loans may have a single repayment agenda .
sake rate : Visit the Federal Student Aid Interest Rates and Fees website for stream ampere well as historic loanword rates and fees .
accumulative maximal : Dependent, undergraduate, $ 23,000 ; mugwump, undergraduate, $ 57,500 ; graduate and professional students, $ 138,500 ( includes undergraduate loans ) ; aesculapian students, $ 224,000 ( includes undergraduate loans ). postponement period before refund : six months after ceasing to be enrolled at least half time. Interest accrues immediately and may be paid monthly or quarterly. Students besides may request that the lender add the interest to the principal balance wheel. refund of principal begins six months after ceasing to be enrolled at least half-time. full repayment : up to 10 years. minimum payment : $ 50 per calendar month .
Graduate PLUS Loans are available to graduate and professional-level students. Students may borrow up to the cost of education for the academician year, less any estimated fiscal aid. The loanword is limited to students who do not have adverse accredit histories as defined by regulation .
interest rate : Visit the Federal Student Aid Interest Rates and Fees website for current equally well as historic loanword rates and fees .
Federal Direct Parent Loans for Undergraduate Students (PLUS) are designed to assist parents of subject undergraduate students who are unable to demonstrate fiscal need for campus-based funds. Parents are eligible to borrow up to the monetary value of education for the academic year, less any estimated fiscal help each academic year, on a student ’ s behalf. The loan is limited to parents who do not have adverse credit histories as defined by regulation .
interest rate : Visit the Federal Student Aid Interest Rates and Fees website for current a well as historic lend rates and fees .
accumulative maximal : none. Deferment period before refund : 60 days from day of final examination control expense for lend time period. fully refund : up to 10 years .
Loans for Disadvantaged Students and Primary Care Loans are available to medical students. For information, call the School of Medicine Financial Aid Office at 949-824-6476 or visit the School of Medicine Financial Aid Office web site .
Emergency loans are made from an hand brake student lend fund made possible through assorted beneficent individuals and organizations.

Undergraduate, graduate, and medical students who have experienced unanticipated fiscal problems of a irregular nature may borrow up to $ 300 without interest or service blame. emergency loans must be repaid within 30 days after expense or by the end of the academic quarter, whichever occurs first. Applications are available in the Office of Financial Aid and Scholarships or at the School of Medicine Financial Aid Office. This loan is not based on demonstrate fiscal need .

Federal Work-Study

The Federal Work-Study Program offers eligible students who demonstrate need an opportunity to pay for their survive and educational expenses as they occur. By participating in the Federal Work-Study Program, students can reduce the come of the lend to be repaid after leaving school. Students awarded work-study have the option of obtaining a work-study job either on campus or off campus at an approve nonprofit representation. A assortment of cultivate opportunities are available, and such part-time shape know can be a valuable asset when seeking employment after graduation. Students eligible for work-study will be notified as such via their UCI Financial Aid award telling. specific information regarding the terms and conditions of work-study employment will be available with the award presentment .
The U.S. Department of Veterans Affairs (VA) Work-Study Program is managed by the Veteran Services Center ( VSC ) at UC Irvine and available to active agent duty, reservists, National Guard, veterans and dependents ( pornographic children and spouses ) who are receiving VA education benefits, including Chapters 30, 31, 32, 33, 35, and 1606. For more data about this broadcast, please follow this yoke : hypertext transfer protocol : //www.benefits.va.gov/gibill/workstudy.asp. Please contact the VSC to complete the application for a VA Work-Study position at seasoned @ uci.edu or ( 949 ) 824-3500. For applications and detailed information, call the Veteran Services Center at 949-824-3500 or visit the Veteran Services web site .

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