Finance Your Education
"For these are all our children,
we will profit or lose,
by whatever they become"
- James Baldwin
UCR Financial Aid is dedicated to assisting UCR students and happy to assist you with financing your education. Your process will begin with the Free Application for Federal Student Aid (FAFSA). After applying for the FAFSA, the Financial Aid office will determine your financial eligibility by computing the difference between the established UCR expenses for the academic year and your "expected family contribution" (EFC), which is determined upon completion of the FAFSA. Your EFC is the number used in determining your eligibility to receive financial aid funds.
Once your financial need has been determined, UCR will offer you a financial aid award package which may contain grant, loan, work-study or scholarship funds. For many of the Guardian Scholars, the Chafee Grant may also be included (see below).
For more information, we encourage you to visit UCR Financial Aid.
To be considered for financial aid, you must complete the Free Application for Federal Student Aid (FAFSA) each year. Be sure to submit your FAFSA by March 2 in order to be considered for the maximum aid available.
Think before you borrow and do not borrow more than you need. Carefully monitor the total amount you borrow and the repayment requirements that you will have when you finish your education. Deferment and repayment option information is available at the Student Business Services loan counseling page as well as the U.S. Department of Education's Direct Loan website.
There are many scholarships that support university studies generally, and several
that are specifically designed to support former foster youth.
Foster Care to Success
Foster a Dream
UCR Foundation Scholarships
Inspiring Hope Riverside
If you are or were in foster care and have financial need, you may qualify for up to $5,000 a year for college. To apply you must complete a FAFSA and a California Chafee Grant Program online application.
Be smart about managing your money; avoid credit cards, make a budget and stick to it, and spend your money wisely. Tips for effectively managing your money are available on the College Board's Making the Most of Your Money tip sheet and the U.S. Department of Education's website.
iFoster provides life-changing resources to former foster youth nationwide. iFoster supports opportunity and success for foster youth scholars. To learn more, visit iFoster.org.
Interest-free emergency loans of up to $500 are available through UCR Financial Aid for registered students on a first-come, first-served basis. You may borrow no more than three times per academic year. A student photo ID is required and current quarter fees must be paid. Repayment is due within 30 days or by the end of the quarter (whichever comes first). For more information, contact UCR Financial Aid.