Michael - UC Plan

(A) 2009-10 UC cost of attendance (living on-campus):	$26,400
(B) Grant assistance total: Michael is eligible for grant assistance based on his family's financial resources. The University pulls together grant aid from a variety of sources, including federal Pell Grants, state Cal Grants, and the University's own grants.	$3,800
(A-B) Net Cost to Family: The Net Cost is the amount that Michael's family must pay after need-based grants are taken into account.	=$22,600
Managing the Net Cost Parents and students work together to cover the Net Cost using tools provided by the college, including parent and student educational loans and part-time work. The Net Cost is not due all at once. Many costs, such as living expenses, are incurred over time. What follows is a sample of how Michael's family might cover his net cost.
Michael's Parents Combination of current earnings, savings or a parent loan: UC would suggest that Michael's parents contribute $13,500 for the year.	$13,500
Michael Student part-time work during academic year: Student educational loans: Savings from summer jobs:	$2,400 $5,000 $1,700