$5,444

Avg. Federal Grant

$4,986

Avg. Federal Loan

$329,497,323

Total Aid Awarded

University of California, Berkeley (UCB) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

57%

Total Aid Amount Average Total Aid Awarded per year.

$329.497M

Financial Aid Official Website

N/A

As many as 63% of the students at UCB get some sort of financial aid, and the total amount of assistance/loans provided is more than $36,868,453 in a year. The total percentage of candidates applying to University of California-Berkeley who receive the Federal Grant is 23%. In comparison, 54% of the students are awarded the Student Grant, 51% get the Institution Grant, and 23% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,417, the State Grant receivers and Institution Grant beneficiaries get $10,993 and $11,063, respectively. And, for the Pell Grant awardees, the average aid amount is $4,711. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At University of California-Berkeley, the percentage of candidates who opt to avail of student loans is around 23%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

20%

State Grant Aid

25%

Institution Grant Aid

48%

Pell Grant

19%

Average Aid Awarded

Federal Grant Aid

$5,444

State Grant Aid

$11,175

Institution Grant Aid

$11,267

Pell Grant

$5,036

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$28,696

$30,001 - $48,000

$26,999

$48,001 - $75,000

$22,989

$75,001 - $110,000

$15,965

Over $110,000

$5,562

Student Loans for University of California, Berkeley (UCB)

Average Loan Amount Average Loan Amount received per year.

$6,175/Year

Students Taking Out Loans

21%

Loan Default Rate

2%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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