College Readiness: Plan Well and Pay Less

College Readiness: Plan Well and Pay Less

By Stephanie Santiago

​College/Financial Aid Vocab Quiz

Multiple Choice

What is the computation of a student's marks earned in accredited schools?

• Grade Point Average (GPA)

• Report Card

• Transcript

• Grade Summary

Multiple Choice

What is the official record of high school credits, final grades, and exams taken

• Report Card

• Diploma

• Transcript

• Personal Statement

Multiple Choice

What is the application used by nearly all colleges and universities to determine eligibility for federal, state, and college-sponsored financial aid, including grants, educational loans, and work-study programs?

• CSS Profile

• Expected Family Contribution (EFC)

• College Application

• Free Application for Federal Student Aid (FAFSA)

Multiple Choice

What is the name of the index number that college financial aid staff use to determine how much financial aid you would receive if you were to attend their school?

*HINT*: The information you report on your FAFSA form is used to calculate this index.

• Expected Family Contribution (EFC)

• Eligibility Requirement

• CSS Profile

• Free Application for Federal Student Aid (FAFSA)

Multiple Choice

What is a monetary award that does not need to be repaid?

• Grant

• Federal Loan

• Scholarship

• Private Loan

Multiple Choice

What is a sum of money that’s borrowed and must be paid back, with interest?

• Scholarship

• Credit Card

• Loan

• Grant

Multiple Choice

This is what you will actually pay to attend a college. It’s the sticker price minus all financial aid awards such as work-study, grants, scholarships, and fee waivers.

• Sticker Price

• Net Price

• Expensive Price

• Total Price

Multiple Choice

What is a gift of money to you from state, federal, or private sources?

• Grant

• Student Loan

• Sweepstakes

• Scholarship

Multiple Choice

What is the total yearly cost of a college education. It includes the yearly expense of tuition, books, room and board, and campus fees?

• Net Price

• Sticker Price

• Total Price

• Expensive Price

Multiple Choice

What is the mandatory charge to cover part of the cost of your education at a college/university?

• Room and Board

• Campus Fee

• Tuition

• Transportation

Multiple Choice

What is a sum of money charged by a school for specific services and programs. For example, student union, bus services, recreational sports, etc?

• Campus Fee

• Bill Price

• Tuition

• Cost of Attendance

Open Ended

Write down the name of a community college you know of or would like to attend.

Open Ended

Write down the name of a 4-year college or university that you know of or would like to attend.

COMMUNITY COLLEGE

**Personal expenses could include: Cable TV, cellphone, clothing, entertainment, internet, laundry, utilities (gas, electric, etc.)

*Fees could include: Classroom/lab, College Newspaper Program, Health Center, Health Insurance Premium, Intercollegiate Athletics Program, Student Services, Student Union/Center

​	​AVERAGE COST
​Tuition	​
​Fees*	​
​Books and supplies	​
​Housing	​
Food	​
​Parking and Transportation	​
​Personal Expenses**	​

COMMUNITY COLLEGE

**Personal expenses could include: Cable TV, cellphone, clothing, entertainment, internet, laundry, utilities (gas, electric, etc.)

*Fees could include: Classroom/lab, College Newspaper Program, Health Center, Health Insurance Premium, Intercollegiate Athletics Program, Student Services, Student Union/Center

​	​AVERAGE COST
​Tuition	​$5,070
​Fees*	​$820
​Books and supplies	​$1,360
​Housing	​$3,970
Food	​
​Parking and Transportation	​$1,700
​Personal Expenses**	​$1,240

SUNY COLLEGE

**Personal expenses could include: Cable TV, cellphone, clothing, entertainment, internet, laundry, utilities (gas, electric, etc.)

*Fees could include: Classroom/lab, College Newspaper Program, Health Center, Health Insurance Premium, Intercollegiate Athletics Program, Student Services, Student Union/Center

​	​AVERAGE COST
​Tuition	​
​Fees*	​
​Books and supplies	​
​Housing	​
Food	​
​Parking and Transportation	​
​Personal Expenses**	​

SUNY COLLEGE

**Personal expenses could include: Cable TV, cellphone, clothing, entertainment, internet, laundry, utilities (gas, electric, etc.)

*Fees could include: Classroom/lab, College Newspaper Program, Health Center, Health Insurance Premium, Intercollegiate Athletics Program, Student Services, Student Union/Center

​	​AVERAGE COST
​Tuition	​$7,070
​Fees*	​$1,740
​Books and supplies	​$1,270
​Housing	​$14,540
Food	​
​Parking and Transportation	​$1,000
​Personal Expenses**	​$1,480

Some Ways to Pay for College

• Fill out the FAFSA

• Search for scholarships

• Choose an affordable school

• Use grants if you qualify

• Get a work-study job

• Tap into your savings

• Take out federal loans if you have to

• Borrow private loans as a last resort

Some text here about the topic of discussion

Open Ended

Exit Question

What was something new that you learned today?