C&C 3b- PAYING FOR COLLEGE

Front

When trying to decide which college has the lowest cost of attendance, which is the most important for students to consider? Sticker price, Net price, FAFSA, Room and Board

Back

Net price

Tags

3c-2

Front

In order to apply and qualify for federal financial aid, prospective college students must file their ______.

Back

FAFSA

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3c-3

Front

When it comes to paying for college, your best option is

Back

a grant or scholarship, because you don't repay them

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3c-4

Front

How much will Kyle pay to attend Super Smarts University with a sticker price of $45,000 and a net price of $38,000?

Back

It's impossible to know how much he'll pay until he receives his financial aid package.

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3c-2

Front

In what order should Kyle accept financial aid from first to last? Options: Scholarships and Grants, Work-Study, Federal Student Loans, Private Loans

Back

Scholarships and Grants, Work-Study, Federal Student Loans, Private Loans

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3c-2

Front

How much does it cost to file the FAFSA?

Back

Nothing; it is free

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3c-3

Front

Typically, when should you first file the FAFSA? Options: After you finish freshman year of high school, As soon as possible after October 1st of your senior year of high school, After you receive your Student Aid Report, Once you are ready to start repaying your student loans

Back

As soon as possible after October 1st of your senior year of high school

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3c-3

Front

If a college degree is expensive, why is it often considered a good financial decision to go to college?

Back

College graduates have higher average lifetime earnings than high school graduates.

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3c-1

Front

If your number one factor in selecting a school was cost and your family income was under $60,000, which school would you choose? School A has sticker price of $52,000 and an average net price of $6,000 for families with income of less than $60,000. School B has sticker price of $22,000 and an average net price of $11,000 for families with income of less than $60,000.

Back

School A

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3c-2

Front

How should Marcellus approach the FAFSA this school year if he is unsure about starting college after graduation?

Back

He should file this fall regardless of what he decides; that way he has an opportunity for financial aid just in case.

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3c-3