Two or Four-Year College Middle School Financial Literacy #4

Pre-Test 1.What is the average annual tuition cost at a two-year college? 2.What is the average annual cost at a private four-year college? 3.What percentage of undergraduate students attends a community or technical college?

Objectives Review College Expenses & Financial Aid Info Compare costs of four and two-year colleges Explore 2 or 4-year colleges – That have programs for your majors of interest Add colleges to your list on Naviance and update Postsecondary Plan – If you find good choices

2 or 4-Year College Video Write down the advantages of a 2 and 4-year postsecondary institution

College Expenses Most students can find ways to pay for their college education by combining Grants Scholarships Work Study (average: $3,700 per year) Parent contributions Loans 2-year colleges Other sources

Cost of a Bachelor’s Degree In many cases, it is financially manageable For students to attend 4-year colleges and universities However, some students choose 2 year colleges for financial reasons 40% of undergraduate students attend 2 year colleges

Average Tuition and Fees Two-Year College Tuition and Fees: $2,693 per year Public Four-Year College (in-state) Tuition and Fees: $8,244 per year Public Four-Year College (out-of-state) Tuition and Fees: $20,770 per year Private Four-Year College Tuition and Fees: $28,500 per year source: College Board

College Costs Facts Many states have reciprocity with neighboring states – Reciprocity: Pay in-state tuition in other states – Minnesota: Wisconsin, North and South Dakota Many private colleges have good financial packages – Some students pay less to attend private colleges More students are attending 2-year colleges first for financial reasons If you do well in school, you will most likely pay less for college – With more scholarships and other financial aid

Explore Careers: Accountants

Accounting: College Lookup

Atlantic Cape Community College

Tuition and Fees

Colleges I am Thinking About

Update Postsecondary Plan

Explore Colleges and Universities 1.Explore colleges & universities for careers of interest Refer to the “Minnesota List of Colleges and Universities” Using Naviance and college websites Find the costs for those colleges 2.Add colleges & universities to your Naviance: Colleges I am Thinking About list Postsecondary Plan If you find good choices

Pair and Share 1.What colleges and universities did you add to your list on Naviance and the Postsecondary Plan? 2.How much is the tuition for that college or university?

Post-Test 1.What is the average annual tuition cost at a two-year college? 2.What is the average annual cost at a private four-year college? 3.What percentage of undergraduate students attends a community or technical college?

Review 1.Average annual tuition at a two-year college – $2,693 2.Average annual tuition at a private four- year college – $28,500 3.Percentage of undergraduate students that attend a community or technical college – 40%