Planning for Your Future

College Any postsecondary educational institution 2 year or community college Trade school 4 year college or university

College and Money College is an investment.

College and Money Investment – putting money into something in order to gain more money

College and Money

Investment in YOU College graduates tend to be healthier. College provides opportunities you might not have otherwise: Social Life Study Abroad Expanded Interests Other ways college is an investment in YOU

College and Money The problem…..

College and Money Northeast State Community College Cost of Attendance In-state, living with parents In-state, not living with parents Tuition and fees $3,378 Books and Supplies $1,500 Room, Board, and Personal $4,650 $8,400 Transportation $3,000 Total $12,528 $16,278

College and Money ETSU Cost of Attendance Full-Time Students 15hrs each for Fall and Spring:   Dependents Independent Fees 7,985 Books/Supplies 1,090 Room 4,602 6,560 Board 3,220 Travel 3,450 Miscellaneous  3,120 Total In-State 23,467  25,425 Out-of-State Tuition 17,166 Total Out-of-State 40,633 42,591

College and Money UTK Cost of Attendance In State Out of State Direct Costs Tuition & Fees $11,246 $29,696 Indirect Costs Books $1,582 This is an estimate of what a student will spend on books for the fall and spring semesters. Room & Board $10,296 This is an estimate of what a student will spend on housing and meals for the fall and spring semesters. Transportation $1,664 This item is for budgeting purposes only and will not be billed to you. Personal $4,002 Total $28,790 $47,240

College and Money Carson Newman Cost of Attendance

How are you going to pay? Out of pocket? Grants? Scholarships? Loans?

Financial Aid FAFSA – Free Application for Federal Student Aid Complete Jan. 1 or after of your senior year Can use last year’s tax information and update later Complete every year that you are in college

Tennessee Promise Tennessee Promise is both a last dollar scholarship and a mentoring program which begins with the graduating class of 2015.

Tennessee Promise Examples A B C Tuition/Fees $4,000 Gift Aid -$5,730 -$3,000 -$0 Gap $0 $1,000 TN Promise

Tennessee Promise Qualifying Institution Community Colleges Tennessee Colleges of Applied Technology Four-Year Institutions offering Associates Degrees

Tennessee Promise Apply to Tennessee Promise Program at www.tnpromise.gov by November 1. Complete 2015-16 FAFSA by February 15. Attend first mandatory meeting coordinated by partnering organization by March 1. Attend second mandatory meeting coordinated by partnering organization by May 31. Apply for admission to a qualifying institution. Complete 8 hours of community service by August 1.

Financial Aid Financial aid is money that the government and other organizations give you or lend you to help you pay for college. Types: Grants Scholarships Loans Work Study

Financial Aid Grants – gift aid, does not have to be paid back, most grants are needs-based which means they are usually given based on your or your families financial circumstances. Scholarships – also gift aid, awarded for academic or athletic ability; interest in a certain subject; or volunteer work for example. Loans – money you borrow, must be paid back with interest. Work Study Programs – the Federal Work-Study Program offers paid part-time job to help students pay for part of their college.

Financial Aid Financial Aid Sources: Government Federal State Private Institutional

LOANS – Yes or No? Julina’s Story Hi, I’m Julina, and I was not smart when I was going to college because I didn’t work hard to find scholarships. I also chose not to take advantage of the HOPE scholarship by going to school in Tennessee. Therefore, I took out loans.

Julina’s Story Undergraduate @Emory & Henry College – 4 years I had free tuition (about 30K a year) I worked in the summers (made approx $3K per summer) I had to pay for room and board = $8-10K per year and an apartment senior year Graduate @ETSU – 2.5 years (plus 2 summers) Once again: Free tuition because I had a full graduate assistantship Living off campus, on food stamps, and making about $650 monthly Summer courses not covered by assistantship

Julina’s Story GRAND TOTAL $35,625 Emory and Henry O4/05 05/06 06/07 07/08 TOTAL $2,625 $3,500 $5,500 $17,125 ETSU 08/09 09/10 2010 TOTAL $4,875 $5,000 $8,625 $18,500 GRAND TOTAL $35,625

Julina’s Story And now... Per Month Minimum $451

Loans: Yes or No MAYBE… How much do you need? Are there other sources of money? What type of loan is it? What is the starting salary for your chosen profession? How much education are you going to need for your chosen profession?

Useful Tips Educate yourself – read all you can about financial aid; ask lots of questions Make a written plan; prioritize your efforts; share your plan with your parents and your school counselor Pay attention to your school counselor Establish a positive relationship with the financial aid staff Complete the FAFSA before February 15 each year

Useful Tips Inform financial aid administrators about special circumstances Don’t throw anything away; keep a file and a phone journal Study; study; and study Borrow what you need; not what you want Ask for help!!

What can I be doing now to invest? Pay attention to your grades! Be a joiner! Explore colleges/careers! Save a little money for senior year! Talk to your parents about college!

If College Is an Investment… Take yourself seriously as a student Think about what’s next while in school

Each class you take is a 4 month deal between you and your professor. What classes are worth EXAMPLE: You go to ETSU and pay in-state prices: $263 per credit hour A four (4) credit lab course = $1052 The class meets 48 times (including labs) this semester = $21.92 per class Each class you take is a 4 month deal between you and your professor.

College Professors Goal of a college professor is to show students what material is worth knowing Communicate a level of respect No txt language in email Use a subject line – you are not their only student! Properly address the professor Office hours

Academic Plan For your academic plan you need: Degree requirements form in your department Course catalog Paper/pencil Plan ahead – it’s your responsibility Full time – 12 hours per semester; to graduate in 4 years – 15 hours per semester

Academic Plan Four types of college classes: General Education Major Minor* Electives

Time Management Good study skills and time management: Class Credit Hours Campus Hours Study Time Estimate of Hours Total Math 101 3 6 32 hours English 101 +social Biology 101 4 8 +work History 101 +other Speech

College is NOT the real world Registrar to help you organize your day/week Dining services Housing services Academic and career advisors Financial Aid office Everything you might need all within walking distance