University of California-Santa Barbara Financial Aid and Scholarships
Students Receiving Aid
62%
Total Aid Amount
$255.414M
Financial Aid Official Website
www.finaid.ucsb.edu/
As many as 63% of the students at UCSB get some sort of financial aid, and the total amount of assistance/loans provided is more than $39,275,997 in a year. One can visit UCSB's financial aid page at http://www.finaid.ucsb.edu/ for more information. The total percentage of candidates applying to University of California-Santa Barbara who receive the Federal Grant is 33%. In comparison, 57% of the students are awarded the Student Grant, 52% get the Institution Grant, and 33% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,180, while the same comes to $11,438 for State Grant receivers and $9,569 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,861. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Those with a family income below $30,000 per annum, would get an average federal aid of $24,950 in a year. The average aid amount stands at $23,604 for an annual family income between $30,001 and $48,000. This amount comes to $20,045 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $12,993. And, for those with a family income of more than $110,000, the amount stands at $3,776. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At University of California-Santa Barbara, the percentage of candidates who opt to avail of student loans is around 36%.
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