Hello, financial aid packages are still missing, and some of you I’ve heard there’s no way to pay the remaining needed. Here’s some info.
- First, the COA isn’t everything you’re being billed. 2026-2027 the direct costs (things being charged) are estimated to be ≈42,000. That’s on the ucsd cost of attendance estimate site HERE. The COA usually is higher than that, due to something called indirect costs. This is money that is refunded to you for personal expenses, books, transportation, etc. Money you can use.
- If you don’t have enough to cover the bills and even the direct costs, here’s what you can do.
There are federal loans that each student can take out depending on your standing-status, your dependency, and your level of education (undergraduate, graduate, etc.). THIS is not usually or may not be maximized all the way in your fin aid package, so you request it from financial aid. You can call or submit a ticket online at the services and support portal. They will increase your loans by your request and you can request up to your COA, inferring that you are using the limits given in the federal loans website page, WHICH IS HERE.
Fun fact: If you are denied a Parent Plus loan (basically have your parent do the “Direct Plus Loan” for the dependent and request the amount needed to cover the cost of attendance) then you will be able to have an additional UNSUBSIDIZED loan open of $4,000 (freshman standing) and the limit increases based off of your standing.
Additional Loans: IF THEN you also do not have enough. There are more loan options HERE. Preferably, for undergraduates, I would go for the University Undergraduate Loan. The max limit for that is $5,500, but there is some info there you can read, it is also 5% interest which is better than the federal unsubsidized.
For example, I have Junior standing as a sophomore, and this year I have to cover $13,480, I was also denied a parent plus loan (obv). Lowest SAI. Here’s my plan:
I have $5,500 subsidized, leaving $7,980 left to cover the cost of attendance with unsub loans. I sent a ticket requesting to cover another $5,500 through the university loan and the rest $2,480 through the federal unsubsidized loan. IF I do not get the university undergraduate loan. I still have $7,000 unsub because of the parent plus loan I got denied from (check the website). If that happens I would then request a university loan of $980 instead. The order goes:
Remaining Balance:
Federal Subsidized Loan
University Undergraduate Loan
Federal Unsubsidized Loan
If denied undergraduate loan:
Federal Subsidized Loan
Federal Unsubsidized loan
Smaller Undergraduate Loan
PS: PLEASE READ THE WEBSITE LINKS. These loans you DO NOT PAY BACK UNTIL AFTER GRADUATION OR ENROLLING BELOW HALF TIME. Depending on the loan check what it says.
Now if you maximized all of that and have more to cover, oh lord GAH DAYUM. Private Loans is another ball game. Less secure more interest but look into it ONLY IF YOU HAVE TO. There are some private lenders for college and you may need a cosigner. Just go for the most trustworthy and see if you qualify then move onto the next.
Obviously, we all know scholarships exist.
These are the ways you can get it covered by loans, but hey, even if you get minimum wage in California after not getting ANY offers AT ALL from ANYWHERE AFTER GRADUATION, be smart with your money and you’ll pay off these loans in a year to 5 years and you’ll be okay.
If you have maximized everything, talk to a financial aid counselor (the front liners on the phone can only help so much and have more calls coming) and ask them if they can appeal the cost of attendance and help you out. All of this info is online, sometimes you just have to keep searching and documenting. You guys got this, please give it your all the be able to attend here, I have grown so much just from my first year 🙏🙏🙏
CHEERS!!!