eley are eligible for a variety of public and private financial aid. Most financial aid inquiries are processed through the UC Berkeley Financial Aid and Scholarships Office. Some graduate schools, such as the Haas School of Business[84] and UC Berkeley School of Law[3] have their own f

ll drop from 15% to 11% of the university's total revenues in 2011-12. State budget shortfalls as well as rising costs in pensions have been cited by the university as two of the leading reasons for its current financial woes. During the formulation of the 2011-12 UC Berkeley budget, the university projected that it will have a $200M funding gap in the 5 years after that year's budget. In response to revenue shortfalls, the UC Regents have raised tuition, and the university is trying to increase the number of non-resident undergraduates, who will pay the more costly out-of-state tuition. Nearly 1/3rd of revenues from tuition and other student fees are returned to students as scholarships and fellowships.[82]
Cal has controversially borrowed $445 million to fund the $321 million renovation of seismically unsafe Memorial Stadium and construction of a new $153 million student athletic center,[83] both of which opened in 2012. (See Athletics section for additional details).
Financial aid and scholarship programs[edit]
Main article: UC Berkeley financial aid
See also: Student financial aid in the United States
Students and prospective students of UC Berkeley are eligible for a variety of public and private financial aid. Most financial aid inquiries are processed through the UC Berkeley Financial Aid and Scholarships Office. Some graduate schools, such as the Haas School of Business[84] and UC Berkeley School of Law[3] have their own financial aid offices.
Student body[edit]
Demographics of student body[85][86]
Undergraduate    Graduate    California    U.S. Census
African American    3.4%    3.4%    6.2%    12.0%
Asian American    39.2%    17.8%    13%    4.7%
White American    29.0%    38.0%    40.1%    63.7%
Hispanic American    12.6%    7.1%    37.6%    16.3%
Native American    0.8%    1.1%    1%    0.7%
International student    10.4%    20.3%    N/A    N/A
Other/Unknown    4.7%    11.9%    2.1%    2.4%
Berkeley enrolled 25,574 undergraduate and 10,125 graduate students in Fall 2012.[2] Women make up 52.3% of undergraduate enrollments and 45.5% graduate and professional students.[2] 82% of undergraduates and 43% of graduate and professional students are California residents.[85] In the wake of Proposition 209, the plurality of Asian American students and under-representation of African-American and Hispanic students has received national attention.[87][88][89][90]
First-Time Freshman Profile[91][92][93]
     2013
(preliminary)    2012    2011    2010    2009    2008
Applicants   
67,658
61,731    52,966    50,393    48,650    48,461