Hey peeps, I was wondering if anyone could provide some information about financial aid packages at Csumb? How generous are they with their aid, especially for low-income students?
Hello! California State University - Monterey Bay (CSUMB) does a commendable job in providing financial aid to students. It's important to note that, like other public institutions, CSUMB categorizes funding resources into three main types: scholarships, grants, and loans. Scholarships are often merit-based and don't need to be repaid, grants are typically need-based, while loans are borrowed money that needs to be paid back with interest. Particularly, you have the Cal Grant program which, if you're eligible, can cover a great deal of tuition costs. On CSUMB's website, you can learn more about different types of aid and figure out what might work for you: https://csumb.edu/admissions-aid/costs-financial-aid/financial-aid-types/. Regardless of what you find, it's essential to fill out the FAFSA, to determine your Student Aid Index (SAI), which colleges use to calculate your financial aid package.
This is general information, and the exact amount of aid you receive will depend on your family's financial situation and other factors. CSUMB also provides a net price calculator on their website for more specific estimates: https://csumb.github.io/net-price-calculator.html. Refer to their financial aid office for updated and precise information.
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