A Guide to Financial Aid & Scholarships for UCSB Students
Grants, Student Loans, & Fellowships
Paying for a college education is a huge investment. And one that many students dread. However, it doesn’t have to be discouraging. At the University of California, Santa Barbara (UCSB), students have many financial aid options. Before any financial aid options can be considered, UCSB students are required to fill out and submit a Free Application for Federal Student Aid (FAFSA). Once the application is reviewed and accepted, the financial aid process begins.
UCSB financial aid includes grants, scholarships, loans, and work-study programs. Even UCSB graduate students have financial aid options. Grants are offered as gift aid which does not have to be repaid. Scholarships are typically awarded based on merit, special talents, and other factors. Loans are money that has to be repaid. Most repayment plans start six months after graduation. Work-study programs allow students to earn money to pay for college expenses.
With options like these UCSB students can feel at ease. Check out UCSB financial aid in more detail.
Federal, State, and University Grants for UCSB Students
Thinking about paying for college can be overwhelming. But it doesn’t have to be for UCSB students. By submitting a completed FAFSA students are automatically considered for both federal and state aid. In addition, you can be considered for university grants.
Some federal, state, and university grants offered to UCSB students include:
Supplemental Educational Opportunity Award (FSEOG)—awarded to undergraduates with exceptional financial need. Amount awarded ranges from $500 – $4,000.
Federal Pell Grant—awarded to undergraduates with high financial need. Amount awarded ranges from $400 – $4310.
Academic Competitiveness Grant (ACG)—awarded to freshmen or sophomores who receive a Pell Grant in the same award year. Awarded $750 in the first year; $1,300 in the second year.
National SMART Grant—awarded to students in their junior or senior year who receive a Pell Grant. Amount awarded is up to $4,000 each year.
TEACH Grant —awards up to $4,000 a year in grant aid. Only for students pursuing a career in teaching, and who are willing to teach in a Title I school in a designated subject area.
Cal Grant A —is awarded to students from low to middle income families. This grant only covers the mandatory fees, not the campus-based fees.
Cal Grant B —is awarded to students who come from low-income, disadvantaged families. First year, students receive only an Access Grant of $1,551. Second through fourth years, the students receives the Access Grants AND fee assistance.
University of California Grant—is awarded to undergraduate students who demonstrate high financial need. Amount awarded ranges from $100 to up to thousands of dollars.
UCSB students can also consider federal work-study programs. These programs allow students to apply for any on-campus job. Money earned is used to pay college expenses.
Scholarships for UCSB Students
UCSB offers a variety of scholarships. Some are offered through the various colleges, through the university alumni association, or from the university. Some university scholarships include:
Regents Scholarship —is awarded to incoming undergraduate students. Award is determined based on the freshmen’s application for admission information. Recipients are typically one of the top 2% students admitted to UCSB. Amount awarded is $6,000 per year for up to four years.
Alumni Legacy Scholarship Award—awards $1,000 per student scholarship. Students must be related to UCSB alumni. Other criteria include outstanding academic record, leadership skills, and involvement in campus organizations.
Thomas J. Iberti Memorial Undergraduate Fellowship—fully funds recipient a maximum of $15,000 for one year of study in the College of Creative Studies. Nominations by faculty are required to be considered. Award is based on merit, passion, and creativity.
The Barker Environmental Scholarship —is awarded to a student majoring (or emphasis) in Environmental Studies or Hydrologic Sciences. Generally award two to four UCSB students who are enrolled in an unpaid internship. Award ranges from $1,000 – $1,500 per year.
And these do not even include outside scholarships which are also available to UCSB students. Generally outside scholarships are the responsibility of the student. To find outside scholarships, UCSB students should use the many online scholarship search sites.
Loan Options Available for UCSB Students
UCSB students can also supplement their financial assistance with loans, if needed. UCSB loan options include: Federal Direct Subsidized Loan, and the Federal Perkins Loan. Neither of these loans accrues interest while the student is still enrolled in college. There is the Federal Direct Parent Loan for Undergraduate Students (PLUS), and the Graduate PLUS Loan, as well as private loans.
Key Points about UCSB Financial Aid
- Work with the university’s financial aid office to make sure all options are reviewed and considered. Look for outside scholarships for which you are eligible. There may be some “hidden” scholarships or grants for which you qualify. The financial aid office’s web site is www.finaid.ucsb.edu
- For loan options, check with the financial aid office first, before seeking private lenders. Federal loans may suffice and typically carry lower interest rates.
- Be sure to investigate all university scholarships. Even subject-specific ones, especially if the subject area is your major area of study. You may have to speak to department heads for some guidance and letters of recommendation.
- Guide to Financial Aid Scholarships for MIT Students - Grants, Student Loans, Fellowships
- A Guide to Financial Aid Scholarships for Stanford Students - Grants, Student Loans, Fellowships