Understanding Financial Aid at Hilbert College

Stephanie Schroeder from Hilbert College discusses the costs of private college education and the role of financial aid. She explains that the sticker price is just a starting point and emphasizes the importance of completing the FAFSA application to determine eligibility for various types of aid. The video highlights that after considering financial aid, the actual cost of private education can be comparable to or less than public institutions. Viewers are encouraged to ask questions to better understand the financial aid process.

Who is Stephanie Schroeder?

• A parent of a student at Hilbert College

• A professor at Hilbert College

• A financial aid officer at Hilbert College

• A student at Hilbert College

What is the sticker price of tuition at Hilbert College?

• $20,000

• $30,000

• $23,450

• $25,000

What is the purpose of the FAFSA application?

• To register for classes

• To apply for student housing

• To determine eligibility for financial aid

• To apply for college admission

When should you complete the FAFSA application?

• March 1st

• December 1st

• October 1st

• January 1st

Which of the following is NOT a component of financial aid?

• Textbooks

• Scholarships

• Grants

• Student loans

How can financial aid make private education more affordable?

• By reducing the number of classes

• By offering free textbooks

• By providing loans, grants, and scholarships

• By lowering the tuition sticker price

What should you do if you have questions about financial aid?

• Search online

• Ignore them

• Ask for clarification

• Wait until the end of the semester

What is the benefit of asking questions about financial aid?

• It helps you get 100% of the answers

• It allows you to skip the FAFSA

• It reduces your tuition fees

• It guarantees a scholarship

What is the main message of the video regarding financial aid?

• Financial aid is not necessary for college

• Private education is always more expensive

• Financial aid can make private education affordable

• Only public institutions offer financial aid