Help for the middle class!

7 Feb

California will start to phase in the Middle Class Scholarship (MCS) starting with the 2014-15 school year. Grant (free) money will be given to undergraduate students whose parents make up to $150,000 a year.

If your parents make up to $100,000, you can get as much as 40 percent paid toward tuition and fees. If your parents make up to $150,00, you can get as much as 10 percent paid toward tuition and fees.

Here are the basic requirements, as provided by the California Student Aid Commission:

1. You need to be a California resident attending a UC or CSU, be a U.S. citizen (or permanent resident or meet AB 540 status).

2. You’ll need to complete the FAFSA (www.fafsa.ed.gov.) or the California Dream Act Application (www.caldreamact.org) between Jan. 1 and Mar. 1 yearly.

MCS scholarships are not set amounts and may vary by student and institution. The award is determined after you are awarded any federal Pell Grant, Cal grant and college, need-based grants. (You should complete the Cal Grant GPA Verification by Mar. 2 through your high school counselor.)

The grant will be phased in over four years, with the amount increasing each year up to the maximum awards in 2017-18.

For more information, see your high school counselor, talk to a college financial aid advisor, attend a Cash for College Night (see www.calgrants.org), or visit the California Student Aid Commission website: www.csac.ca.gov.

 

 

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