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10 things you need to know about California’s MIDDLE CLASS SCHOLARSHIP

10 things you need to know about California’s MIDDLE CLASS SCHOLARSHIP. A message brought to you by Central Valley CalSOAP www.fresnostate.edu/calsoap. NEW FINANCIAL AID OPPORTUNITY FOR THE MIDDLE CLASS!. #1: The Middle Class Scholarship.

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10 things you need to know about California’s MIDDLE CLASS SCHOLARSHIP

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  1. 10 things you need to know about California’s MIDDLE CLASS SCHOLARSHIP A message brought to you by Central Valley CalSOAP www.fresnostate.edu/calsoap

  2. NEW FINANCIAL AID OPPORTUNITY FOR THE MIDDLE CLASS!

  3. #1: The Middle Class Scholarship • New program beginning in 2014-2015 • Provides undergraduate students with family incomes up to $150,000 with a scholarship • Financial assistance to attend University of California (UC) or California State University (CSU) campuses

  4. #2: Students must meet the following requirements: • Be a California resident attending a UC or CSU; • Be a U.S. citizen, permanent resident or have AB 540 student status • Meet certain income and other financial aid standards; • Maintain satisfactory academic progress; • Not be in default on a student loan; and, • Must not be incarcerated.

  5. #3: Apply starting January 1, 2014 • Free Application for Federal Student Aid (FAFSA) or California Dream Act Application • www.fafsa.gov or caldreamact.org • No Social Security Number (SSN)? Use Dream Act Application. • Have a Deferred Action for Childhood Arrivals (DACA) number? Use Dream Act Application. • List email address on FAFSA or Dream Act Application.

  6. #4: If your family earns up to $100,000 per year • May be eligible for a scholarship of up to 40% of the mandatory system wide tuition and fees.

  7. #5: Students whose families earn between $100,001 and $150,000 per year • May be eligible for a reduced scholarship of no less than 10 percent of the mandatory system wide tuition and fees.

  8. #6: MCS Scholarships are not set amounts and may vary by student and institution • Award determined after federal Pell Grant, Cal Grant and institutional need-based grants are awarded • Final award amount will be based on the number of students eligible for the MCS and available state funds

  9. #7: The MCS is being phased in over four years • Each academic year, the maximum amount of the scholarship will increase until the 2017-2018 year. • AY 2014-15 – up to 35% of maximum • AY 2015-16 – up to 50% of maximum • AY 2016-17 – up to 70% of maximum • AY 2017-18 – up to 40% of fees • In 2017-2018, the maximum scholarship award will be up to 40% of the mandatory system wide fees and tuition.

  10. #8: Get assistance completing the FAFSA or California Dream Act Application • Attend a Cash for College workshop January 1st through March 2nd. • Students must reapply each year. • Visit www.calgrants.org for workshop locations.

  11. #9: If you are selected to receive a Middle Class Scholarship • You will be notified by the California Student Aid Commission (CSAC).

  12. #10: Need more information about this scholarship? • Contact your UC or CSU campus Financial Aid Office or, • Check the California Student Aid Commission’s website for updates.

  13. Students need to meet the following Assembly Bill (AB) 540 qualifications: • Attend a California high school for a minimum of 3 years; • Graduate from a California high school or pass the California High School Proficiency Exam (CHSPE) or get a General Equivalency Diploma (GED); • Enroll in an accredited and qualified California college or university; and, • If applicable, fill out an affidavit stating intent to legalize immigration status as soon as possible.

  14. Website Links • California Student Aid Commission www.csac.ca.gov • Funding Your Future: CalGrant and MCS http://www.asmdc.org/issues/fundingcollege/ • FAFSA Application https://fafsa.ed.gov/ • Dream Act Application https://dream.csac.ca.gov/ • Find a Cash for College Workshop www.calgrants.org/applications/workshops.cfm PDF Document Hyperlink: 10 things you need to know about the MCS

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