College is expensive!

College is expensive!

True Cost of College

• Tuition & Fees – The cost to take college classes and utilize the services provided by the college.
• Room – The cost of a room in a dorm, residence hall, or apartment.
• Board – The cost of meals provided by a college meal plan.
• Books and Supplies – Students are expected to purchase the books and supplies needed for their classes.
• Transportation – Transportation costs vary. The costs depend on whether a student lives on campus or commutes from home.
• Personal Expenses – Personal items, toiletries, clothes, laundry, etc.

Finacial Aid (not aide)

Money that is available to help pay for college.

FASFA- Free Application for Federal Student Aid

Degrees

Can not get money unless FASFA is complete

2 kinds of aid

4 main levels of education and degrees

Self-help aid

&

Gift Aid

Grant, Loan, Scholarship

Tuition

1. Associates- 2 years of basics

2. Undergraduate/Bachelors- finishing the requires course work.

3. Graduate/Masters- Must have a bachlores and then complete additional course work, pluse some require a thesis

4. Docorate- requires more course work and a diseration

Is the money you pay to take classes.

Housing, Food, Books, Parking, and fun are not part of your tuition

"College is too expensive, I'm going to work for a year to save money."

If you take a year off you are less likely to go!

Have you thought about how you will pay for college?

Write each word on a seperate note cards

How much money do you think will you need to attend college?

Finance

Aid

Grant

Loan

Scholarship

Work-study

Eligible

Defray

What do you think it means when someone receives financial aid?

Write down how you are planning to finance your college education.

Financial Aid Vocabulary

• Finance: The management of large amounts of money; the monetary (having to do with money) resources of a country, organization, or person.

• Aid: financial or material help given to a country, area, or person in need.

• Grant: Agree to give a sum of money given by an organization (especially the government) for a particular purpose.

• Loan: An act of lending something to someone; A sum of money that is expected to be paid back.

• Scholarship: A grant or payment made to support a student’s education, awarded on the basis of academic or other achievement.

• Work-Study: Short for Federal Work Study Program; a program funded through the government which helps students earn funding for college and graduate school through a part-time work program.

• Eligible: Having the right to do or obtain (get) something.

• Defray: To pay all or part of a cost.