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Costs of College

Costs of College. High School Financial Literacy #1. Objectives. You Can Go to College Video 5 Main Types of College Costs Ways Families Pay for College Learn Costs at Different Colleges Update Postsecondary Plan. You Can Go to College Video.

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Costs of College

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  1. Costs of College High School Financial Literacy #1

  2. Objectives • You Can Go to College Video • 5 Main Types of College Costs • Ways Families Pay for College • Learn Costs at Different Colleges • Update Postsecondary Plan

  3. You Can Go to College Video • Write down reasons why students thought they could not go to college • Why do these students think you can go to college?

  4. 5 Main Types of Postsecondary Costs • Tuition and Fees • Room and Board • Must pay for housing & food even if not in college • Supplies • Average cost around $500 a year (varies by major) • Personal Expenses • About the same cost as youth not in college • Insurance (many students can be on parent’s policy) • Transportation • Less expensive if attending in-state college

  5. How Do Families Pay For College? • Financial Aid • Grants • National and state money to help pay for college costs • Scholarships • Money students are awarded for skills and accomplishments • Work Study • Students work at school to lower tuition costs • Loans • Paying Colleges Directly • Savings • Family and Student Contribution

  6. Paying for College Video • Watch the Paying for College video • Pay special attention to the different types of financial aid available to the students • (Note: This is a Arizona State University video but the types of financial aid are available at all colleges)

  7. Google: CGI College Costs

  8. Select Minnesota

  9. Select Anoka Technical College

  10. Anoka Tech

  11. MCTC

  12. U of Minnesota, Twin Cities

  13. Carleton College

  14. Carleton College: Change Family Income

  15. Manhattan Community College

  16. New York University

  17. Update Postsecondary Plan

  18. Explore CGI Website • Identify Colleges of Interest • Learn how much it costs to go to that college • Update Postsecondary Plan

  19. Classroom Discussion • What are your postsecondary institutions of interest? • What is the cost of that college?

  20. Review • Name some main types of college costs • Tuition and Fees, Room and Board, Supplies, Personal Expenses, Transportation • Name some ways families pay for college • Grants, Scholarships, Work Study, Loans, Parent and Student Contribution • What types of postsecondary institutions usually cost less? • Community and Technical Colleges (2-year colleges)

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