Understanding College Costs

What is tuition?

• The cost of room and board only

• The basic fee charged for instruction at a college

• The total cost of attending college including all fees

• Only the cost of textbooks and supplies

What is the primary purpose of a college Net Price Calculator?

• To calculate your final grades

• To estimate your actual college costs after financial aid

• To determine your student loan interest rate

• To compare different meal plans

What typically comprises “Room and Board”?

• Only the cost of a dorm room

• Only the cost of meals

• Housing and meal plan costs combined

• Transportation and textbook costs

Which of the following best describes “Net Price”?

• The sticker price of college

• The advertised cost minus all financial aid

• The cost of tuition only

• The price of textbooks and supplies

Which category would on-campus technology fees typically be included in?

• Room and board

• Tuition

• Meal plan

• Campus fees

Which college expense typically increases the most each year?

• Textbook costs

• Transportation fees

• Tuition

• Technology fees

What is work-study?

• A grant that does not need to be repaid

• A program offering tuition assistance for an on-campus job

• A private student loan

• A scholarship for academic achievement

Which cost-saving strategy can help reduce textbook expenses?

• Always buy new books

• Look for used textbooks

• Never purchase the book

• Buy double copies

Which of these is considered a lifestyle cost vs a college charge?

• Transportation

• Campus fees

• Books and course supplies

• Tuition

Which factor typically does NOT affect the advertised cost of attendance?

• Whether the school is a 2-year community college or 4-year university

• Whether you’re an in-state or out-of-state student

• Whether classes start in August or September

• Whether the school is public or private