Student Loans for UC Merced
About University of California Merced
As one of the younger universities in the country, UC Merced, which was established in 2005, is Americas first Research University of this century. Nestled comfortably next to Lake Yosemite, UC Merced is situated in an area that has the highest dropout rate in all of California. Today, however, the university boasts a diversified student population and consists of many schools: it has a school of engineering, a school of social sciences, a school of natural sciences and a school of humanities and arts. Plans of developing a school of business and a school of medicine are also in the pipeline. UC Merced is very environmentally conscious and the campus is designed to have a minimal environmental impact.
Receiving an education from UC Merced is expensive. The tuition fee for in-state students is $31,938 while the fee for out-of-state students is a hefty $54,816. To accommodate those who cannot afford these costs, the UC Merced Financial Aid program provides a number of financial aid options. In fact, more than half of UC Merced’s students are recipients of financial aid.
There are a number of institutional and federal scholarships, grants, loans and federal work-study programs available to students looking forward to studying at UC Merced. To ensure that you get the financial aid you have applied for, it is best to stay updated with UC Merced’s Office of Financial Aid and Scholarships (OFAS) and apply for financial aid within the deadlines stated. You must also ensure that you provide all the documents required for this process. These documents are listed on the FAFSA website. To access your FAFSA form visit fafsa.ed.gov.
Paying for UC Merced with Student Loans
For many students, grants, scholarships and federal aid are not enough to cover the entire cost of a higher education. That’s why private student loans are a good alternative source of funding, but only when students borrow responsibly and compare their options for affordability. Our Student Loan Comparison Tool can help: compare various lenders side-by-side so you can find the most affordable option for you.
Students are recommended to include a number of costs that are directly related to college education. Costs that must be included are tuition fees, health insurance, room/board, books and supplies, transportation, and personal/miscellaneous costs. The totaling of these costs not only helps in applying for the right amount, but also helps students borrow less.
What does UC Merced mean by “verification process”?
Verification process at UC Merced is the process through which the financial aid office confirms the accuracy of information provided by students seeking UC Merced Financial Aid. When applying via the FAFSA, the financial aid department must confirm that the information is correct, which is done through verification, background checks, tax checks, and social security validation. The information is used to determine the exact financial need each student.
Pay for University of California, Merced*
|Total Avg. Cost||$51,904|
|Room & Board||$12,802|
|Financial Aid Information|
|Students Receiving Fin Aid||84%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$4,899|
|%Receiving Other Loans||1%|
Get into University of California, Merced
|Graduation Rate||Not avail.|
Contact University of California, Merced
*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics