What is Financial Aid
At CSUMB, Financial Aid is defined as Federal, State, Local, and Private funds to help meet a student's cost of attendance. Financial aid funds are limited in many programs, with funding going to the earliest eligible applicants. As a result, deadlines are heavily enforced.
At CSUMB, we rely on a federal formula to carefully review every student’s financial circumstances and calculate financial aid awards according to the expected family contribution (EFC). Our overall goal is to help the student meet their cost of attendance. For additional information, please visit the following Financial Aid Eligibility section of our Website.
Example: a full time student living on campus has a cost of attendance of $19,394. If the student's and family's expected contribution (which is determined by the Department of Education based on FAFSA) is $3000, the Financial Aid office will subtract the expected family contribution from the cost of attendance to determine financial aid eligibility.
COST OF ATTENDANCE: $19,394
EXPECTED CONTRIBUTION: - $3,000
FINANCIAL AID NEED: $16,394
Zero Parent Contribution for Parents with Income Below $23,000
For parents/students with total annual income below $23,000 and typical assets for this income range, the federal government has enacted a reduction in the maximum income that makes an applicant eligible for an automatic zero EFC. Students are encouraged to contribute toward their own expenses from their summer income, part-time work during the school year, and their own savings.
Cost of Attendance
At CSUMB the Cost of Attendance is based on the estimated cost of a typical student's tuition fees, books and supplies, room and board, transportation, and personal expenses for a nine–month academic year (fall and spring semesters). The COA will vary depending on:
where you live -- on or off campus, or with your parents
whether you are an undergraduate, graduate, or credential student
For more info visit the Cost of Attendance webpage.
If the student is an orphan, a ward of the court, at least 25 years old, or has an extremely adverse home situation, and cannot provide parental financial information as part of the FAFSA, the Federal Government would have identified the student as Independent according to how the student completed the FAFSA.
The following circumstances are not sufficient basis for a student to be qualified as independent for the purposes of institutional & federal aid eligibility:
- You are an emancipated minor;
- Your parents do not claim you as a tax exemption;
- Your parents do not support your choice of academic major or courses;
- Your parents do not want to participate in paying for your educational costs;
Your parents feel that they are unable to contribute toward your costs.
How to Apply for Financial Aid?
All eligible students interested in Financial Aid must complete a Free Application for Federal Student Aid (FAFSA). All eligible AB540 students must complete a California DREAM Application. For more information, please follow our Application Step Process.
If you were selected for Federal Verification, please visit the Financial Aid Verification & Conflicting Information section of our website for instructions on how to complete your Financial Aid file.
CSUMB Financial Aid Process- What to expect next?
Students who completed a FAFSA will receive the following notification(s) from our office:
Financial Aid Estimated Award Letter- New Students Only
You will receive a mailed Financial Aid Award Letter & email with information and instructions on viewing your award offer online at MyCSUMB. Eligibility is subject to change based on funding and/or if we need to request additional information to determine your final eligibility.
Missing Information Letter- All Students
If additional documents or information is needed to determine your eligibility, you will receive a Missing Information Email (to the address provided on the FAFSA) with an overview of the items needed, as well as instructions on how to access any necessary forms.
Financial Aid Email - Continuing Students Only
Continuing students who applied for financial aid for Fall 2012 will be notified by email with instructions on accessing their award information once financial aid has been awarded.