College Financing Methods, Costs, and Earnings Comparison
Discover methods for financing college education through financial aid, scholarships, and direct payments. Learn about five main types of college costs, compare them with potential earnings, and explore different college costs on Naviance. Find out how to pay colleges directly and save money, as well as understand the significance of financial aid in estimating and comparing costs. Take a deeper look into college expenses, lifetime earnings, and financial aid information for better decision-making.
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Presentation Transcript
OBJECTIVES DISCUSS METHODS FOR FINANCING COLLEGE FINANCIAL AID/SCHOLARSHIPS PAYING DIRECTLY DISCUSS 5 MAIN TYPES OF COLLEGE COSTS DESCRIBE COLLEGE COSTS VS. POTENTIAL EARNINGS COMPARE 3 DIFFERENT COLLEGE COSTS ON NAVIANCE COMPLETE A COLLEGE SEARCH ON NAVIANCE
PAYING COLLEGES DIRECTLY SAVINGS MANY STUDENTS SAVE MONEY BY: WORKING DURING SCHOOL YEAR AND SUMMER BUILDING A SAVINGS ACCOUNT FAMILY CONTRIBUTION: FAMILY MAY PAY AN AMOUNT PER YEAR TO HELP THEIR CHILD FAMILIES MAY ALSO SAVE MONEY FOR THEIR CHILD S COLLEGE EDUCATION
FINANCIAL AID GRANTS MONEY DOES NOT HAVE TO BE REPAID SCHOLARSHIPS MONEY DOES NOT HAVE TO BE REPAID WORK STUDY PART-TIME JOBS FOR UNDERGRADUATE AND GRADUATE STUDENTS WITH FINANCIAL NEED , ALLOWING THEM TO EARN MONEY TO HELP PAY EDUCATION EXPENSES. LOANS MONEY THAT HAS TO BE REPAID
5 MAIN TYPES OF COLLEGE COSTS TUITION AND FEES ROOM AND BOARD HOUSING AND FOOD SUPPLIES/BOOKS AVERAGE COST AROUND $600 PER SEMESTER (VARIES BY MAJOR) PERSONAL EXPENSES INSURANCE (CAN BE ON PARENTS INSURANCE UNTIL 26) SOCIAL EXPERIENCES TRANSPORTATION LESS EXPENSIVE IF ATTENDING IN-STATE COLLEGE
COLLEGE COSTS VS. LIFETIME EARNINGS ASSOCIATE S DEGREE TUITION AND FEES: $8,000 (2 YEARS) WAGE INCREASE FROM H.S. DEGREE: $550,000 ADDED LIFETIME INCOME: $542,000 BACHELOR S DEGREE TUITION AND FEES: $60,000 (4 YEARS) WAGE INCREASE: $900,000 (LIFETIME) ADDED LIFETIME INCOME: $840,000
FINANCIAL AID ESTIMATE COST FOR 1STYEAR: $21,924 FINANCIAL AID: $13, 500 $8,424 (AMOUNT STILL OWED)
COMPARE COSTS AND FINANCIAL AID INFO CLICK ON: COLLEGES TAB SELECT SUPERMATCH CHOOSE MONTGOMERY COLLEGE CHOOSE UNIVERSITY OF MARYLAND COLLEGE PARK CHOOSE DUKE UNIVERSITY SELECT I WANT TO AND CHOOSE COMPARE PINNED SCHOOLS COMPARE THE SCHOOLS FINANCIAL SECTION
SUPERMATCHAND END OF THE YEAR SURVEY RETURN TO SUPERMATCH SELECT CRITERIA IMPORTANT TO YOU IN A SCHOOL (LOCATION, M AJOR, COST, ETC.) GO TO ABOUT ME AND SELECT JOURNAL JOURNAL ABOUT COLLEGES FOUND BASED ON FINANCIAL INFORMATION AND INTEREST
