New, transfer and returning undergraduate students at the University of California or California State University with annual family income and household assets of up to $191,000 who also meet the following requirements may be eligible:
California resident or have AB 540 status
Not in default on a student loan
Maintain satisfactory academic progress
Have family asset levels, excluding equity in a primary residence and savings in retirement accounts, of up to $207,000 (ceiling adjusted every year)
File a FAFSA/California Dream Act Application by March 2nd.
Final eligibility is determined by campus financial aid offices and may be adjusted based on other aid offered.