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Published byEvan Knight Modified over 8 years ago
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How to Finance Higher Education 4
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Tell us what you remember about our last session: “Requirements to Graduate and More”
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What did you talk about on your ride home? Did you talk about a family goal in order to help your children graduate High School? Tell us your goals. Do you think your goal is realistic and achievable?
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Options for Higher Education and How Much It Costs Financial Aid, CFNC.org, and FAFSA (Free Application for Federal Student Aid) Compare Higher Education Options Overview of Tonight’s Session
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Take a card and discuss why it is or is NOT a myth. Myth Busting
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What is Higher Education? What is Higher Education? Do you know the types of higher education that exist? Do you know the types of higher education that exist? Do you know some of the requirements to enter these institutions? Do you know some of the requirements to enter these institutions? College Options
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Community Colleges Public Universities in NC Private Universities / Colleges Universities in Other States Online Schools Schools in Other Countries Military = School Student Visas or Sponsored Visas options
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Community Colleges Public Universities Private Universities / Colleges Let’s focus on the first three
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Community Colleges They accept all graduates and do not ask for GPAs or entry exams like the SAT / ACT. Get a two year associate’s degree which can transfer to a four-year university Accept students without a social security but have to paytuition for non-resident-students (out-of-state tution Annual tuition costs on average $2,000 for in-state and $7,000 for out-of-state
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UNC System Universities There are 17 in NC (UNC, NCSU, NCA&T) GPA and SAT/ACT exams are required 4-year degrees, as well as masters and doctorate degrees In-state and out-of-state tuition rates starting at about $5,000 per year
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Private Universities All students pay the same (“in-state and “out-of-state) They often cost more but there are more private scholarships and financial aid They can be a good option fpr undocumented students with good grades
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How much does a Higher Education Cost?
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Costs to Consider Tuition Cost Room and Board Books and School Supplies Personal Expenses
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ANNUAL COST * 2015-2016 Data Type of Higher Education IN-STATE TUITION OUT-OF-STATE TUITION FOOD AND BOARD Community Colleges $1,716 - $2,676 $6,384 - $8,808 $8,000 Public Universities $2,743 - $6,423 $12,674 - $31,505$8,000 Private Universities$3,360 - $45,800$8,000 How much does college cost?
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Community College In-State: ≈$2,200 Out-of-State: ≈$8,450 Public University In-State: $6,250 Out-of-State: $19,950 Private University $21,750 AVERAGE ANNUAL COSTS IN NC Just Tuition
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How much does it cost if I live on Campus? Community College In-State: ≈$10,200 Out-of-State: ≈$16,450 Public University In-State: $14,250 Out-of-State: $27,950 Private University $29,750 AVERAGE ANNUAL COSTS IN NC Tuition, Fees, Books, Personal Spending, Transportation, Housing, and Food Costs
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How can I Afford it? The majority of students don’t pay the full cost of attending college. 2 out 3 students receive some type of financial aid. The average amount of financial aid received in 2014 was $13,600 Over half of students receive scholarships averaging $8,200
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There are many forms of financial aid Free financial aid Financial aid that you have to pay back
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Types of Free Financial Aid Financial aid that you DO NOT have to pay back Scholarships Grants Federal Work Study Research Assistantships Tax Credits
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Types of Financial Aid that Aren’t Free Financial Aid that you HAVE to pay back Loans Federal Perkins Loan Federal Stafford Loan Federal PLUS Loan Institutional Loan Private Loan
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What is the FAFSA? FAFSA = Free Application of Federal Student Aid It is a free application that the government offers to determine eligibility to receive financial aid Who is eligible? When do you apply?
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FAFSA Day Free assistance with financial aid forms and applications Usually held on the 2 nd Sunday in February in North Carolina There are other locally hosted FAFSA days through out the state
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Comparing your Options
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Parents: How can you help with the costs associated with going to college? Students: In what ways can you help cover some of the costs associated with going to a community college or university? Drive Home Chat
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