thor-schroeder
Uploaded by
31 SLIDES
446 VUES
310LIKES

Balancing Financial Aid and Attendance Costs for Students

DESCRIPTION

This guide provides essential strategies for managing the costs of attendance while maximizing financial aid resources. It covers the various components of educational expenses, including tuition, fees, books, and living costs, and explores ways to reduce these expenses. The guide also highlights the importance of budgeting, resources for family financing, government aid, scholarships, and responsible borrowing. Students will learn how long it may take to graduate, the potential for job prospects, and how to make informed financial decisions about their education.

1 / 31

Télécharger la présentation

Balancing Financial Aid and Attendance Costs for Students

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Stretching Student Aid Revised 8/2013

  2. Agenda

  3. Financial Aid: Disbursement

  4. Agenda

  5. Shrinking Costs: Balancing Act Cost of Attendance Financial Resources Cost of Attendance

  6. Shrinking Costs: Cost of Attendance ?

  7. Shrinking Costs: Cost of Attendance

  8. Shrinking Costs • Tuition & Fees • Books & Supplies • Transportation • Food • Housing • Utilities • Medical expenses • Entertainment • Cell phone • Clothes • Toiletries • Miscellaneous expenses

  9. Shrinking Costs: Tuition and Fees Compare Schools Western Undergraduate Exchange Transfer credits Taking more credits Tuition reimbursement AmeriCorps Military service Part-Time enrollment

  10. Shrinking Costs: Books and Supplies

  11. Shrinking Costs: Transportation

  12. Shrinking Costs: Food

  13. Shrinking Costs: Housing and Utilities

  14. Shrinking Costs: Entertainment • Student Deals • Movies • Restaurants • Clubs and School Events • Sports classes • Activity-based clubs • Intermural sports • Campus events • Free Events • Community events • Community festivals • Make Your Own! • Potlucks • Movie nights • Craft nights • Outdoor trips

  15. Shrinking Costs: Other

  16. Shrinking Costs: Other • How long will it take to graduate? • What will my job prospects be like once I graduate? • What will my earning potential be once I graduate?

  17. Shrinking Costs: Borrow Responsibly • What do you expect to earn? • How much do you expect to borrow? • Can you afford your estimated monthly payments after college? • Student loan payments should be no more than 8-10% of your monthly income.

  18. Shrinking Costs: Credit Cards

  19. Agenda

  20. Resources: A Balancing Act Cost of Attendance Financial Resources Cost of Attendance

  21. Resources: 3 Pots of Money Family Financing Community Financing Government/ Institutional Financing

  22. Resources: Family Financing • What can you and your family contribute to your college education? • Savings • Income • Investments • How many people are in your family? • How many are/will be in college? • What kind of unusual expenses do you have?

  23. Resources: Community Financing What scholarships or other external funding can you find?

  24. Resources: Scholarships TO FOR • Academics • Athletics • Community involvement • Leadership • Interests • Hobbies • Demographic • Field of Study • Family heritage • Income • School choice • Where you live • Where you’re from • Contest • Raffle • Essay • Portfolio • Affiliation • Beliefs and passions • Participation • Extra-Curricular • Skill • Birthday • School • Company • Organization • Individual FROM • YOU

  25. Money: Government/Institutional Financing What funds are available to me through the federal or state government or from my college? • Financial Aid • Grants • Loans • Work-Study

  26. Agenda

  27. Scenarios: On Campus COST OF ATTENDANCE: $28,043/semester (Private) *TUITION AND FEES: $21,063 STUDENT BUDGET: $6980

  28. Scenarios: Off Campus COST OF ATTENDANCE: $8175/quarter (public) *TUITION AND FEES: $3449 STUDENT BUDGET: $4726/quarter

  29. Final Message: It’s Up to You! • Where you go • How long you go • How much you work • How much you spend • Budgeting is an ongoing process • Creative ways to cut costs

More Related