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UC Berkeley - Center for Educational Partnerships (CEP)
>>Financial Aid Comparison Tool
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For additional college planning information and resources visit our resource page: https://cep.berkeley.edu/resource-directory
Copyright © The Regents of the University of California. All Rights Reserved. Created by Center for Educational Partnerships

Make a copy of this spreadsheet and use it to compare your financial aid awards!
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Financial Aid PackagesUniversity:University:University:University:University:University:University:
Example A
University:
Example B
Example A:
COA = $700
Total Gift Aid = $100
Net Cost (COA-Gift/Aid) = $600

Contribution/Loan = $200

Out of Pocket Expense
= ($600-$200) = $400

Students needs to pay $400 not currently availalbe via loan or parent contribution (will likely get via work).
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Cost of Attendance (COA) - if living with your parents, don't include costs for housing & meals (room & board).$0.00$0.00$0.00$0.00$0.00$0.00$700.00$800.00
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ENTER ANY AMOUNT GIVEN TO YOU IN FORM OF GRANTS OR SCHOLARSHIPS:
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Federal Pell Grant Award
(Awarded for FAFSA applicants only)
$0$0$0$0$0$0$100$100
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Institutional/University Grant$0$0$0$0$0$0$0$0
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ALL Other Scholarships
(via university or won independently)
$0$0$0$0$0$0$0$0
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Cal Grant Award (State Grant)
(Awarded for Dream App and FAFSA Applicants)
$0$0$0$0$0$0$0$0
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Total Gift Aid (Grants & Scholarships)$0$0$0$0$0$0$100$100
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CALCULATE THE AMOUNT OF MONEY THAT NEEDS TO BE CONTRIBUTED BY STUDENT AND/OR PARENT (TOTAL NET COST):
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TOTAL Net Cost:
(
COA - Total Gift Aid)
$0.00$0.00$0.00$0.00$0.00$0.00$600.00$700.00Example B:
COA = $800
Total Gift Aid = $100
Net Cost (COA-Gift/Aid) = $700

Contribution/Loan = $1000

Out of Pocket Expense
= ($700-$1000) = - $300

The Out of Pocket Expense is a NEGATIVE number, meaning the student is taking out $300 dollars in loans that they don't need (considering taking out less in loans).
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USING AWARD LETTERS, BREAK DOWN HOW YOU WILL PAY A PORTION OF YOUR TOTAL NET COST:
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PARENT Contribution (EFC)$0$0$0$0$0$0$100$0
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Federal Direct Subsidized Loan$0$0$0$0$0$0$100$1,000
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Federal Direct Unsubsidized Loan$0$0$0$0$0$0$0$0
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Federal Direct Plus Loan$0$0$0$0$0$0$0$0
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Federal Work-Study$0$0$0$0$0$0$0$0
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Total from 7 rows above:$0$0$0$0$0$0$200$1,000
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OUT OF POCKET EXPENSE:
Difference between the Total Net Cost and contributions (loans, parent contributions, work study).
If the amount is negavite, consider taking out less loans.
$0$0$0$0$0$0$400-$300
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