Paying For College (Part 2)

What is the 'cost of attendance' often referred to as?

• Sticker price

• Net price

• Discounted price

• Final price

Which of the following is NOT a direct cost included in the cost of attendance?

• Meal plan

• Transportation

• Housing

• Tuition

What can students do if they have a comparable health insurance plan?

• Pay the college's health insurance fee

• Submit proof to waive the college's health insurance fee

• Ignore the college's health insurance requirement

• Request a refund after paying the fee

What is the net price of college?

• The cost of attendance plus financial aid

• The published tuition cost

• The total cost of attendance

• The cost of attendance minus grants and scholarships

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

• Grants

• All of the above

• Work-study

• Loans

What is the average published yearly tuition and fees for a public four-year college for in-state students (2022-23)?

• $28,240

• $10,940

• $3,860

• $39,400

Why is understanding the cost of attendance important?

• It is required for college applications

• It determines your eligibility for college

• It helps you prepare for out-of-pocket costs

• It helps you choose a major

What is the main benefit of attending college mentioned in the text?

• Free housing

• Guaranteed job placement

• Access to exclusive clubs

• Higher earnings and better job prospects

Which of the following is an indirect expense?

• Tuition

• Meal plan

• Textbooks

• Housing

What is the best way to determine what a particular college may really cost?

• Look at the published tuition

• Ask current students

• Check the college's website

• Calculate your estimated net price