Sample Financing Plans

Here's an overall idea of what kind of financial aid students receive at the CCCs, CSU, UC, and independent colleges and universities:

Academic year:
2016-2017
CSU UC Independents CCC
% of undergraduate students receiving some form of financial aid* 84% 71% Over 96%

Over 1 million (42%) students received some form of financial aid.

$2,794 average financial aid award.

Average financial aid award $10,834 $19,800 $27,548

*Financial aid comes in the form of grants, scholarships, loans, and work-study

As the following sample plans illustrate, financing an education at a CCC, CSU, UC, or an independent college or university requires a partnership involving the university, you, and your parents. More detail about this partnership is available at the bottom of this page.

Sample Financing Plans Chart 1

Each of the sample financing plans in this chart assumes the following:

Family Size: 4
# of Students in College: 1
Student: 18 and single (dependent on parents)

Sample Financing Plans
Student: Tonya
Housing: on-campus
Parent Income: $20,000
Tonya's CSU Plan Tonya's UC Plan Tonya's Independent Mid-range Plan
Tonya's CCC Plan Tonya's Independent High-range Plan
Student: Serena
Housing: at home
Parent Income: $40,000
Serena's CSU Plan Serena's UC Plan Serena's Independent Mid-range Plan
Serena's CCC Plan Serena's Independent High-range Plan
Student: José
Housing: on-campus
Parent Income: $60,000
José's CSU Plan José's UC Plan José's Independent Mid-range Plan
José's CCC Plan José's Independent High-range Plan
Student: Michael
Housing: on-campus
Parent Income: $80,000
Michael's CSU Plan Michael's UC Plan Michael's Independent Mid-range Plan
Michael's CCC Plan Michael's Independent High-range Plan
Student: Sarah
Housing: on-campus
Parent Income: $100,000
Sarah's CSU Plan Sarah's UC Plan Sarah's Independent Mid-range Plan
Sarah's CCC Plan Sarah's Independent High-range Plan

Sample Financing Plans Chart 2

Each of the sample financing plans in this chart assumes the following:

Family Size: 2
# of Students in College: 1
Student: Married (independent)

Sample Financing Plans
Student: Marco
Housing: off-campus with wife
Student Income: $20,000
Marco's CSU Plan Marco's UC Plan Marco's Independent Mid-range Plan
Marco's CCC Plan Marco's Independent High-range Plan
Student: Sylvia
Housing: off-campus with husband
Student Income: $40,000
Sylvia's CSU Plan Sylvia's UC Plan Sylvia's Independent Mid-range Plan
Sylvia's CCC Plan Sylvia's Independent High-range Plan

Sample Financing Plans Chart 3

Each of the sample financing plans in this chart assumes the following:

Family Size: 2
# of Students in College: 1
Student: Single (independent)

Sample Financing Plans
Student: André
Housing: off-campus with roommate
Student Income: $8,000
André's CSU Plan André's UC Plan André's Independent Mid-range Plan
André's CCC Plan André's Independent High-range Plan
Student: Christina
Housing: off-campus with children
Student Income: $16,000
Christina's CSU Plan Christina's UC Plan Christina's Independent Mid-range Plan
Christina's CCC Plan Christina's Independent High-range Plan

More About the Partnership Between the University/College, You, and Your Parents

Your Parents

Parents are expected to contribute based on their financial circumstances as reported on the FAFSA. Parents can meet this expectation by using their current earnings, using their savings, borrowing through federal education loan programs, and taking advantage of deferred payment plans, which spread tuition and fee payments over several months. Some parents will not be asked to contribute, either because they are very low income or because you are independent of them for financial aid purposes.

You

All CCC students are expected to contribute to the cost of their education by using a combination of their savings and/or earnings from work toward college expenses. Students should work closely with their college to determine the best options regarding attending full or part-time, as well as how many hours to work. Students should also apply for scholarships to help meet their expenses. Students may also contribute by borrowing manageable amounts at colleges participating in the student loan programs.

All CSU students are expected to contribute to the cost of their education by using a portion of any savings or prior year earnings toward meeting college expenses and by contributing college year earnings or borrowing, in the form of student loans, against future earnings.

All UC students are asked to contribute to the cost of their education by working and borrowing manageable amounts.

All independent college/university students are expected to contribute to the cost of their education by using any savings and summer work earnings. Additionally, students can pay for college expenses with college year earnings, private scholarships, and borrowing against future earnings with student loans.

The University/College

The CCCs attempt to ensure that eligible students receive the maximum amount of grant aid and subsidized student employment for which they are eligible; however; students are encouraged to apply early since funds are limited. At some colleges the balance of student need can be met through student loan programs.

CSU attempts to ensure that eligible students receive the maximum amount of grant aid for which they are eligible and that the balance of student need is met, to the extent possible, with subsidized student employment and student loan programs.

UC has two important responsibilities: 1) the university assembles your financial assistance plan, which may include state and federal grants, scholarships, loans, and student employment; and 2) provide enough grant support given your parents' resources to keep the amount you need to borrow or work at a level that enables you to steadily progress toward completing your degree and still meet your repayment obligations after graduation.

Independent colleges and universities are strongly committed to helping students and their families obtain the needed assistance, both monetary and advisory, to make attendance possible and affordable.