In February 2009, upon President Yudof's recommendation, the University of California Board of Regents unanimously approved a new financial aid plan intended to support college access for lower-income families and students. Under the policy, known as the "Blue and Gold Opportunity Plan", undergraduates who are in their first four years of attendance at UC—or two for transfer students—will receive enough scholarship and grant assistance to at least fully cover their systemwide UC fees if they have incomes below $80,000 and meet other basic eligibility requirements for need-based financial aid.