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Paying for College - Basic Version w/Somali Video
Transcript of Paying for College - Basic Version w/Somali Video
Knowledge - Critical thinking skills
Potential - Who are you? What are your interests?
Opportunity - More doors open
Income - 1 Million Dollars
2014-2015 Average Tuition and Fees
Technical & Community Colleges $5,370
State Universities $7,700
University of Minnesota $13,620
Private Career Colleges $14,270
Private Colleges & Universities $35,177
Please visit us!
Includes information on:
Additional state-wide scholarships Listing of institutional scholarships
Tuition and Fees for 5 State Area
Financial Aid Estimator
Preparing, Selecting, Paying
Full Paying for College video series
Other Ways to Pay/Save
Dual Credit - PSEO, CIS, AP, IB
Military and Community Service - ROTC, Americorps, Peacecorps
How do I pay for it?
The more you save, the less you'll have to borrow
MN College Savings Plan - 529 Plan
Visit: www.mnsaves.org for more information
Free money awarded for special talents, grades, cultural or religious backgrounds etc.
Do not have to be repaid
Visit: www.fastweb.com to search for scholarships
www.ohe.state.mn.us to see a list of MN institution scholarships
Money funded by the government that must be earned by working a part-time job on or off campus
Jobs can sometimes provide good experience in your field of study
Borrowed money from the government or private lenders that must be paid back with interest
Government Loans vs. Private Loans
Financial Aid is designed to assist families who are unable to contribute.
Can include things like room and board, transportation.
Can also include extended family and close friends.
Free money usually awarded based on need ie: Pell, MN State Grant, college funded grants
Does not have to be repaid
Minnesota Dream Act
In-state tuition rates at MnSCU and University of MN campuses
State financial aid programs
Privately-funded scholarships administered by MnSCU or U of M campuses
Attend a MN high school for at least 3 years
Graduate from a MN high school or earn a GED in MN
If male, complied with Selective Service registration requirements
Signed on May 23, 2013
For more information
- Legislative Updates
Paying for College: How MN Hmong Families Make it Happen