What are the criteria used to award financial aid?
The financial aid that students receive through our office comes from several sources (federal, state, institutional, and private). The total amount of grants, scholarships, and Work Study that is available for our office to award (in the form of a financial aid “package”) is not enough to meet the need of all students who apply for financial aid at UCSB. As stipulated in the University of California Education Financing Model, UCSB’s packaging policy directs most grant funding to the neediest students. Need is determined by the formula established by Congress. Our office makes every effort to offer financial aid to all eligible students who apply, however, most students will have loans as a component of their package.
