Will Tuition Be Covered by Financial Aid?
How To Determine If Your Tuition Will Be Covered By Your Financial Aid
Calculate your total tuition per quarter by adding the appropriate half or full time rate determined by the amount of units you will be taking each quarter and add the appropriate administrative fees. Example: Taking 12 units in the MACP program would be $6,587 per quarter. Then, add the $100 all student general fee and the $15 quarterly liability insurance fee for a total cost of $6,702 per quarter.
Calculate your total tuition per quarter by multiplying the per unit rate by the amount of units you will be taking each quarter and add the appropriate administrative fees. Example: Taking 12 units in the BA program at $481 per unit is $5,772 per quarter. Then add the $100 all student general fee for a total cost of $5,872 per quarter.
Calculate your total financial aid per quarter by totaling all grants, scholarships, Perkins Loans, Subsidized Direct Loans, and Unsubsidized Direct Loans listed on your award letter. Keep in mind that 1.051% is taken off the principal amount of Direct Loans in origination and default fees. Example: Subsidized Direct Loan amount is $2,000, less 1.051% ($21.02) in fees, means $1,978.98 is applied to your tuition.
Subtract the total financial aid for the quarter from your total tuition and fees. If there is a positive number remaining, this is the amount you will need to pay for the quarter. If there is a negative number, this is the amount of financial aid that exceeds your tuition and fees.