costs of college weighing you down?
DESCRIPTION
Costs of College Weighing You Down?. Being financially intelligent about college planning. Complete this sentence:. I want to go to college because ___________. The thing I fear most about college is ________. Which College Should I Choose?. In-State vs. Out of State Cost Distance - PowerPoint PPT PresentationTRANSCRIPT
Complete this sentence:I want to go to
college because___________.
The thing I fear most about college is ________.
In-State vs. Out of StateCostDistanceBoarding
Four year vs. Two YearCostsTransferring Credits
Which College Should I Choose?
Write down how much you think it will cost to attend college for 1 year.
How Much Do You Think College Tuition Costs?
TuitionIn State vs. Out of StateRoom & BoardText BooksParkingExtra fees Other course materials
Did you consider….
Undergraduate Tuition Rates* (per year)Harvard - $36,992Princeton - $37,000Old Dominion - $6,312W&M - $8,270VA Tech - $8,852TCC - $2,676
*Other charges and fees apply (not including room and board)
Tuition Costs
ScholarshipsGrantsFinancial Aid
FASFA (Free Application for Student Financial Aid)http://www.fafsa.ed.gov/
How am I going to afford college?
Where to find themCollegesOrganizationsMembershipsEmployers
When to applyWriting essays
Scholarships
Pell GrantDo I qualify for a grant?
Expected family contribution (EFC)
The student's enrollment status (full v. part time)
Whether the student attends for a full academic year or less.
Grants
Government Loans Subsidized vs. Unsubsidized
Subsidized -You won't be charged any interest before you begin repaying the loan.
Unsubsidized - charge interest from the time the money is first disbursed until it is paid in full. The interest is capitalized, meaning that you pay interest on any interest that has already accrued. One way to minimize how much interest accrues is to pay the interest as it accumulates.
Interest Rates Typically low on undergraduate
loans. 3.4% as of 07/2011
Deferment vs. Forbearance
http://studentaid.ed.gov/students/attachments/siteresources/Funding_Education_Beyond_HS_2011-12.pdf
GI Billhttp://www.gibill.va.gov/benefits/index.html
Vocational TrainingBenefits vs. Risks
Military
ScholarshipsWork Study ProgramsAvoid Changing MajorsSave on books
Purchase used bookHalf.com or Amazon.comRenting books instead of buying
Ways to Cut Costs
Prospective CareersOccupational OutlookCareer Counseling
Switching CostsGeneral Education RequirementsTransferring credits from other institutions
My “Feeling Stuck” Story
Choosing A Major
Being undecided in your majorCareer Counseling
High School CounselorCollege Counselor
It is O.K. if you are unsure
What if I Just Don’t Know…?
On one side write your name and address
On the other side, write down 3 questions/topics you would like to discuss with your parents regarding your post high school plans.
Activity