The Cost of College and How to Pay for It

All of the following are costs of going to college EXCEPT...

• Tuition and fees

• Room and board

• Textbooks and school supplies

• Scholarships and grants

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CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.7.1

CCSS.RL.7.2

CCSS.RL.8.1

When does the FAFSA filing period open every year?

• January 1st

• June 1st

• October 1st

• December 1st

Why should you file the FAFSA as early as possible?

• It can help your chances of being accepted into schools

• Aid is given out on a first-come, first-serve basis

• You're guaranteed to get more merit-based scholarships

• You'll get a lower interest rate on federal student loans

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CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

What kinds of aid are you eligible for by filing the FAFSA?

• Grants and Scholarships

• Private Student Loans

• Work-Study

• Federal Student Loans

How do scholarships and grants differ?

• Scholarships are need-based; grants are merit-based

• Grants are private forms of aid; scholarships are federal

• Grants are need-based; scholarships are merit-based

• They're not different; they are one and the same

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CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

What do you need to file your FAFSA if you're a dependent?

• Just your tax forms

• Your high school student ID number

• Your and your parents' tax forms from 2 years priors

• A pay stub if you had a job in the past year

Which is TRUE about the FAFSA?

• You only need to file the FAFSA 1x in your college career

• Your parents must earn below a set amount for you to apply

• You need to file it at the start of every quarter/semester

• There is no cost to file the FAFSA

___________________________ is funding to a student to help pay for education-related expenses.

• financial aid
• fee
• room and board
• loan entrance counseling

__________________________ is financial aid which is a gift and does not have to be repaid; includes grants and scholarships.

• tuition
• fee
• Pell Grant
• gift aid

______________ is money charged for teaching and instruction provided by a school.

• fee
• tuition
• self-help aid
• grant