by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$19,246.00 is the typical University of California - Santa Barbara’s first year financial aid package. Financial aid is provided to about 60% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from University of California - Santa Barbara you may end up taking on.
As well as scholarships, 48% of freshmen (2352 total) received a federal grant, for about $4,447.00 a person.
The following scholarships and grants are composed of primarily federal grants, and some local and state grants.
48% of first-year students at University of California - Santa Barbara (2352 total) got a federal grant, averaging $4,447.00.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.51% | $25,924.00 |
| Income 30k-48k | 7.69% | $24,886.00 |
| Income 48k-75k | 6.43% | $21,909.00 |
| Income 75k-110k | 4.10% | $14,911.00 |
| Income 110k + | 4.38% | $5,006.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
60% of the 4928 undergraduates at University of California - Santa Barbara receive some sort of grant aid. This is a total of about 2708 students getting an average of $19,246.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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