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UC Berkeley Financial Aid Creates Program for Middle Class Parents

By December 15, 2011

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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.

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