Which offers stronger merit scholarships, UC Santa Barbara or UC Berkeley?

I’m a high school senior comparing UC Santa Barbara and UC Berkeley. Since my family will need substantial financial help, I want to understand which school generally provides better merit-based scholarship opportunities for undergraduate students.
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The main tradeoff is that UC Berkeley’s best-known merit award brings valuable academic recognition and campus benefits, while UC Santa Barbara’s Regents Scholarship has typically offered more straightforward cash support for selected undergraduates.

Neither campus is a dependable source of large merit aid for most admitted students. Both UCs award only a limited number of major merit scholarships, and many other institutional grants are need-based rather than merit-based. Because your family needs substantial assistance, the UC financial-aid application, including the FAFSA or California Dream Act Application as applicable, will matter more than merit-scholarship odds; UC grants, Cal Grant eligibility, and the campus financial-aid package can substantially affect the actual cost.

For purely merit-based cash, UCSB is the stronger of these two options because its flagship Regents award has been larger than Berkeley’s Regents’ and Chancellor’s stipend. Berkeley can still be compelling if its total need-based aid package is better or if the non-cash Regents benefits matter to you, but it should not be assumed to provide more merit money.
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