Post-SecondaryFinancial Planning

Georgetown High School2014-15

AgendaUnderstanding costs pertaining

to higher educationIdentifying financial resources

and assistanceSubmitting the Federal

Application for Student Aid (FAFSA)

Understanding CostsPost-secondary education comes in a variety of forms from short term certificate programs to

advanced graduate studies. The costs involved vary greatly so the more you know about these costs, the more likely you will be able to create

a financial plan that works best for you.

Cost of AttendanceCost of attendance is the amount a student would reasonably spend to obtain higher education based on one year of full time attendance at a particular institution of higher learning.

Expenses include:

Tuition and FeesBooksRoom & BoardTravelPersonal Expenses

ResidencyIn-state Out of StatePublic institutions are

directly supported by state tax payers

Students will pay higher tuition

States may have reciprocal agreements with bordering states

Some reciprocal agreements are based on the availability of specific programs of study

Private SchoolsTuition tends to be

higher than for public schools

Generally charge the same tuition rate regardless of student residency

Often provide large scholarships

HousingSome institutions require freshman

to live on campus.On-campus housing is not available

at all institutions of higher learning.

A separate application is required.Students should apply for housing

early.Off campus living may reduce

financial aid eligibility.

Cost Comparison

Financing ResourcesIndividuals and families are expected to pay for post-secondary education. However, the reality is that many simply cannot afford to cover the cost. Personal and family contributions are generally covered through savings and/or employment. It is up to students to explore other financial sources available to offset the actual cost of post-secondary education.

Dual Credit CourseworkEarly College Start (Austin

Community College)Scores of 3 or higher on

Advanced Placement (AP) examsArticulated course work

Access www.tccns.org to view the Texas Common Course Numbering System

ScholarshipsScholarships are sums of money that organizations give to students based on merit and/or financial need. The competition for scholarships can be intense. Students increase their chances by conducting organized scholarship searches.

Sources:Institutions of

Higher LearningLocal ScholarshipsPersonal or family

affiliationsNational Scholarship

Searches

Other Financial Resources

EmploymentParent/Private

loansFederal Student

Aid

Financing PlanCost of Attendance 20,000

Personal/Family Contribution 2,000

Scholarships 5,000

Federal/State Grants 6,000

Federal Work Study 2,000

Federal Student Loans 5,000

Parent/Private Student Loans 0

Total Unmet Need 0

FAFSAAll students are encouraged to submit a Federal Application for Student Aid. Scholarship programs may require this and personal circumstances can change. Adventures in Education is a great resource for learning about financial planning and the FAFSA application process. The following video is available at www.aie.org

FAFSA EventsGHS Counselor

PresentationsPaying for College

Parent NightFAFSA Saturday: FEB 7, 2015

Applications may be submitted after January 1

The priority deadline is generally March 1

SAR Reports are received by students

Award Letters are reviewed

Payment is made for educational expenses

CareerCruising.com

ResourcesGHS CounselorsGHS College and Career CenterAdventures in Education

www.aie.orgCareerCruising.comwww.fafsa.govInstitutions of Higher Learning