The UC Berkeley financial aid department has created a new plan to help middle class parents afford the school's $30,000+ cost of attendance. The program, called "MCap," aims to reduce the total cost of attendance to no more than 15% of a middle class parent's income.
How much income does the UC Berkeley financial aid department consider to be middle class? $80,000 - $140,000.
Additionally, parents must have no more than $200,000 in qualifying assets, which does not count qualified retirement plans or the value of their primary residence.
To learn more about the MCap program, take a look at this FAQ from the UC Berkeley financial aid department.