1. Grade 10 Naviance Activity

2. Objectives Discuss methods for FINANCING college
Financial Aid/SCHOLARSHIPS
Paying directly
Discuss 5 main types of College costs
Describe college costs Vs. Potential earnings
COMPARE 3 DIFFERENT COLLEGE COSTS ON NAVIANCE
COMPLETE A COLLEGE SEARCH ON NAVIANCE

3. Paying Colleges Directly
Savings
Many students save money by:
Working during school year and summer
Building a savings account
Family Contribution:
Family may pay an amount per year to help their child
Families may also save money for their child’s college education

4. Financial Aid Grants Scholarships Work study Loans
Money does not have to be repaid
Scholarships
Work study
part-time jobs for undergraduate and graduate students with financial need , allowing them to earn money to help pay education expenses.
Loans
Money that has to be repaid

5. 5 Main Types of College Costs
Tuition and Fees
Room and Board
Housing and food
Supplies/Books
Average cost around $600 per semester (Varies by Major)
Personal Expenses
Insurance (can be on parents insurance until 26)
Social experiences
Transportation
Less expensive if attending in-state college

6. College Costs vs. Lifetime Earnings
Associate’s Degree
Tuition and Fees: $8,000 (2 Years)
Wage Increase from H.S. Degree: $550,000
Added Lifetime Income: $542,000
Bachelor’s Degree
Tuition and Fees: $60,000 (4 years)
Wage Increase: $900,000 (Lifetime)
Added Lifetime Income: $840,000

7. Financial Aid Estimate
Cost for 1st year: $21,924
Financial Aid: $13, 500
$8,424 (amount still owed)

8. COMPARE Costs and Financial Aid Info
Click on:
Colleges tab
Select SUPermatch
Choose Montgomery College
Choose university of Maryland college park
Choose duke university
Select “I want to” and choose compare pinned schools
Compare the schools’ financial section

9. Supermatch AND END OF THE YEAR SURVEY
Return to supermatch
Select CRITERIA IMPORTANT TO YOU IN A SCHOOL (LOCATION, M AJOR, COST, ETC.)
Go to “About me” and select Journal
Journal about colleges found based on financial information and interest