Financing Higher Education

Making the choice to spend on post secondary education pays off in the long run because:

• You can write it off on your taxes

• You can get grants/scholarships to pay for it

• The salary you will earn with education/training will pay back the cost of tuition over your career.

• There are less expensive options for obtaining an education/training.

What are the benefits of attending a local community college?

• It is cheaper to earn an Associate's degree at a community college then transfer to a 4-year

• You can live at home and save dorm fees.

• Living closer can save on transportation costs

• All of the above

Textbooks, transportation, and room and board are all...

• included in the price of attending college

• additional costs for attending college

• included in a schools tuition

• usually offered to students who stay on campus

Which of the following costs will most likely be the most expensive?

• textbooks and supplies

• tuition

• room & board

• transportion

Preparing to pay for higher education can start at a very early age by...

• applying for scholarships

• opening a 529 plan

• taking out student loans

• applying for grants

Which is a tax-free savings account that can only be used for educational expenses?

• federal grants

• scholarships

• a 529 plan

• retirement fund

What is the biggest impact on whether a 4-yr university is affordable?

• The amount of financial aid they offer

• whether it is a public or private university

• whether you live in the same state as the college

• the distance you live from the college

Which of the following list 4-year colleges from generally the least expensive to most expensive?

• in-state public university, private university, out-of-state university

• private university, in-state public university, out-of-state university

• out-of-state university, private university, in-state public university

• in-state public university, out-of-state university, private university

What has the biggest impact on whether a 4-year university is affordable?

• Whether it is a public or private university

• The amount of financial aid the university offers

• Whether you live in the same state as the university

• The distance you live from the university

Everyone interested in post-secondary education should complete the Free Application for Federal Student Aid (FAFSA) because...

• it gives you access to private student loans

• it is a requirement for college admission

• it allows you to be eligible for federal student aid and other scholarships and grants

• It is free, so why not do it