Lesson 4, Paying for College Kids2College Lesson 4, Paying for College

Objectives: Identify 3 ways that financial aid can help pay for post-secondary education Identify basic financial terms Identify opportunities for academic support and enrichment

Vocabulary FAFSA Financial Aid Grant Loan Scholarship Work-Study

Middle School: Your first step towards reaching your goals It might sound like everything you need to do to get ready for college happens in high school. This isn’t the case! There are things you can do now in middle school to put yourself on track.

6th grade Develop good study habits Attend school regularly Do your homework Keep talking to your parents Make sure you know your learning style (how do you learn better, seeing, hearing doing)

7th grade Participate in school activities Be active in clubs Keep doing your homework Talk to your counselor Continue looking at careers Review career information with parents Talk with family and friends

8th grade Continue to develop good study habits and organization Take algebra Keep up with your homework Keep working hard Talk with your counselor Talk with your parents about classes and colleges you want to learn more about Take time to look at $$$ and how you can help pay for post secondary schooling

Review In addition to talking about learning styles, we talked about the academic factors that are important for getting into college. Q: What were the three important things we should focus on? Grades Class Selections Tests Q: Name an opportunity that can help someone do better in their classes.

Opening Journal Turn to page 37 in your student handbook. Please reflect on what you have learned during the previous lesson and start thinking about what you will be learning about today.

Paying for College What do you know about how much college costs? How many of you are worried that college might be hard to pay for or too expensive? There are four types of financial aid you should be aware of right now: Grants Scholarships Work Study Loans Now turn to page 38

The money available to help me pay for college is called Financial Aid Grants are financial aid awards that do not have to be repaid. Scholarships are financial aid awards that are awarded based on achievements. Work-Study is a program that allows students to work to earn money for their tuition. Students in this program have jobs on campus. Loans are awards that have to be paid back. In order to be eligible for financial aid, I need to fill out the FAFSA during my senior year. Glossary Financial Aid Grants Scholarships Work-Study Loans FAFSA

Why picking the right classes is important To be eligible for grants, loans, work -study and some scholarships, all students need to completed the Free Application for Federal Student Aid (FAFSA), which determines eligibility for financial aid. Students who do not complete FAFSA are not eligible for any federal aid, which includes grants, loans and work- study. In addition to many states, private loan companies, and some private organizations rely on the information FAFSA provides to make their financial aid decisions.

Alaska Performance Scholarships (APS) Did you know there’s a scholarship for Alaska students? Challenge yourself. Try focusing on classes that will better prepare you for your future. APS has either a Math and Science option or Social Studies and World Languages. Keep your grades up and take the SAT/ACT. Higher GPAs and test scores will help you receive higher awards. You qualify for APS if: Are an Alaskan resident Graduate from an Alaska High School Have qualifying unmet costs of attendance.

Alaskadvantage Education The AlaskAdvantage Education Grant provides need-based assistance to students. Grant awards typically range from $500 to $2,000 per academic year.

Calculating College Tuition Costs Turn to page 39 How much would tuition cost you? How much is that tuition per year, assuming it took you four years to finish? If you earn the top APS award of $4,755 per year, and use it, what amount of your annual tuition costs would be left over to be paid from other sources? Besides tuition, what might be other costs of attending college.

Calculating College Tuition Costs Answers How much would tuition cost you? $19,200 How much is that tuition per year, assuming it took you four years to finish? $4,800 If you earn the top APS award of $4,755 per year, and use it, what amount of your annual tuition costs would be left over to be paid from other sources? $180 Besides tuition, what might be other costs of attending college. Room and board, books

College Access Bingo Test your Kids2College vocabulary. Get five squares in a row (either horizontally, vertically, or diagonal) and say BINGO!!

Catching up, Keeping Up and Getting Ahead Today we talked resources available to help you and your family pay for college. Financial aid is available from: Federal Government State Governments Colleges and Universities Talk with your parents about opening a savings account.

Go to https://kahoot.it/#/

Enter the Code below

Enter the Code below: New Game!

Closing discussion Name one thing you learned today that you didn’t know before? How can you apply what you learned about your learning style to the way that you study? How do you think that the information we discussed today can help you on your career path?

Closing Journal Go to page 41 Career Panel: Monday, March 20th, 2017 We will have pizza and snacks! 12:30-2:00 p.m.