Paying for College 101

What is the term for the total published cost of attending a college before any financial aid or scholarships are applied?

• Net price

• Sticker price

• Indirect cost

• Direct cost

Which of the following is an example of a direct cost when paying for college?

• Tuition

• Transportation

• Personal expenses

• Off-campus meals

What does the term "net price" refer to in the context of paying for college?

• The cost before financial aid is applied

• The cost after financial aid and scholarships are subtracted

• Only the cost of books and supplies

• The cost of room and board only

Which of the following is considered an indirect cost of attending college?

• Tuition and fees

• Room and board (on campus)

• Books and supplies

• Personal expenses

• $15,000

• $20,000

• $25,000

• $30,000

A student is comparing two colleges. College A has a higher sticker price but offers more financial aid, while College B has a lower sticker price but less financial aid. What should the student compare to make the best financial decision?

• Only the sticker prices

• Only the direct costs

• The net prices of both colleges

• The cost of books and supplies

Which of the following best explains why indirect costs are important to consider when budgeting for college?

• They are always included in the sticker price

• They can vary greatly depending on personal choices and location

• They are paid directly to the college

• They are not necessary to consider