EPF, Module 16: Cost of College (Review)

Multiple Choice

Which of the following is most likely to be included in the total cost of attending college?

• Tuition fees

• Daily exercise routines

• Grocery shopping lists

• Favorite TV shows

Open Ended

Why is it important to understand the cost of college when planning for your future?

Fill in the Blanks

How much more per week does a college grad earn compared to someone with some college?

Open Ended

What are some of the expenses included in the cost of attending college that students may have more control over?

Multiple Choice

What is the difference between sticker price and net price when considering the cost of college?

• Sticker price is the published cost of tuition and fees, while net price is what you actually pay after scholarships and grants.

• Sticker price is always higher than net price because it includes only tuition.

• Net price is the cost before any scholarships or grants are applied.

• Sticker price is the amount you pay after financial aid is applied.

Multiple Choice

Which of the following are steps in the FAFSA process?

• Start in October, File at fafsa.gov, Submit and receive SAI, Apply for scholarships

• Start in January, File at your college, Submit and receive GPA, Apply for loans

• Start in October, File at fafsa.com, Submit and receive GPA, Apply for grants

• Start in September, File at fafsa.gov, Submit and receive SAI, Apply for work-study

Fill in the Blanks

The FAFSA is available each

to file for the next school year.

Open Ended

List two reasons why it is important to complete the FAFSA as early as possible.

Multiple Choice

Which of the following is NOT a type of financial aid award that you do not have to pay back?

• Scholarships

• Grants

• Federal Work-Study

• Private Loans

Multiple Choice

What is the main difference between federal student loans and private loans?

• Federal student loans are issued by the government, while private loans are offered by private lenders.

• Federal student loans require good credit, while private loans do not.

• Private loans have more borrower benefits than federal loans.

• Federal student loans are only for graduate students.

Open Ended

List three components that are typically included in a financial aid package offer letter from a college.

Multiple Choice

Which of the following are considered indirect expenses in the cost of attendance?

• Tuition

• Fees

• Textbooks

• Housing

Fill in the Blanks

Direct costs in the cost of attendance include tuition, fees, housing, and

.

Open Ended

How can grants and scholarships affect your ability to afford attending different colleges?

Open Ended

Obviously, which one makes the best financial sense?

Open Ended

What are some options for students who want to attend a private university but need extra money?

Multiple Choice

Which of the following is true about grants and scholarships?

• They must be repaid after graduation.

• They are a type of financial aid that does not need to be paid back.

• They are only available to athletes.

• They are only given to students with the highest grades.

Open Ended

What is FAFSA and why is it important?

Fill in the Blanks

The FAFSA form is used to determine eligibility for

, scholarships, and loans.

Open Ended

After reviewing the lesson on the cost of college, what is one question you still have or something you would like to know more about?

Open Ended

What is the cost of college?