College Financial Aid and Costs

The video discusses how to compare college costs, including tuition, living expenses, and other fees. It highlights the importance of considering financial aid options such as scholarships, grants, and loans. The video also compares the costs of community colleges, state schools, and private institutions, emphasizing the need to make informed decisions based on potential returns and personal growth opportunities.

Which of the following is NOT typically considered a major cost of attending college?

• Tuition

• Living expenses

• Travel and entertainment

• Gym membership

What is the 'sticker cost' of a college?

• The cost of textbooks and supplies

• The advertised tuition fee

• The total cost including all expenses

• The cost after financial aid

Which type of financial aid does NOT need to be repaid?

• Work-study

• Scholarship

• Loan

• Credit

What is a potential benefit of starting at a community college?

• Lower living expenses

• Limited course options

• Higher tuition fees

• No option to transfer to a four-year college

State schools often offer reduced tuition for which group of students?

• Part-time students

• In-state residents

• Out-of-state students

• International students

Why is it important to wait for financial aid offers before deciding on a private school?

• Financial aid offers are the same for all students

• Private schools are always more expensive

• Financial aid can significantly reduce the cost

• Private schools do not offer financial aid

What should you consider besides cost when choosing a college?

• Personal growth and job prospects

• The quality of dormitories

• The size of the campus

• The number of sports teams

How can attending a more expensive college be justified?

• It always guarantees a better education

• It may offer better career services and job prospects

• It has more luxurious facilities

• It is located in a more popular city

What is a potential downside of choosing a college solely based on cost?

• Having too many course options

• Spending too much time on campus

• Missing out on better job opportunities

• Living too close to home

Why is it important to consider where you will thrive when choosing a college?

• It determines your future salary

• It impacts your academic success and happiness

• It influences your choice of major

• It affects your social life