1. Rebecca Joseph, PhD getmetocollege@gmail.com Getmetocollege.org
Affording College
Rebecca Joseph, PhD
Getmetocollege.org

2. Higher Earnings. High Education

3. What Is College Education Worth?
Careers
Healthy Life
Savings
Take Care of Families
Brains on Fire

4. How much is college going to cost?
First things first.
How much is college going to cost?
There are two components to this:
Direct Costs & Indirect Costs.

5. + Tuition Fees Room & Board Direct Costs
Direct Costs are those that are
billed directly by the University.
Tuition
Fees +
Room & Board
(if applicable)
Direct Costs

6. + Books Transportation Etc. Indirect Costs
Indirect Costs are the other miscellaneous
expenses involved with attending college.
Books
Transportation +
Etc.
Indirect Costs

7. + Direct Costs Indirect Costs Cost of Attendance
Together, these two components make
up the total Cost of Attendance.
Direct Costs +
Indirect Costs
Cost of Attendance
(COA)

8. Next, you need to determine how much you can contribute toward
Cost of Attendance.

9. How Do Colleges Determine How Much We Can Pay?
FAFSA (fafsa.ed.gov)
CSS Profile (
CA Dream Act (
Cal Grants (

10. + Parent Contribution Student Contribution
The data you provide on the FAFSA is used to
calculate the amount you are expected to contribute.
Parent Contribution +
Student Contribution
Estimated Family Contribution
(EFC)

11. - Cost of Attendance Estimated Family Contribution Financial Need
The gap that’s left between what you are expected to contribute and the total cost is called “Financial Need.”
Cost of Attendance -
Estimated Family Contribution
Financial Need

12. Financial Aid is what helps you fill that gap.
There are 3 types of Financial Aid:
$ Need-based
Merit-based
Non-need-based

13. Need-based Grants Federal Work Study Loans
The first type of aid is determined
solely by Financial Need.
Need-based
Grants
Federal Work Study
Loans
(Federal, State, and College Grants)
(Stafford Subsidized Loan, Perkins Loan)

14. Merit-based Scholarships
The second type of aid is determined by a student’s
academic accomplishments, not Financial Need.
Merit-based
Scholarships
(College and Outside Scholarships)

15. Internal Merit Scholarships

16. College Greenlight

17. External Merit Scholarships

18. https://roybal-allard. house

19. The final type of aid is available to all students, regardless of Financial Need or academic accomplishments.
Non-need-based
Loans
(Stafford Unsubsidized Loan, PLUS Loan, Alternative Loans)

20. The Financial Aid Package consists of all or any of these.
Need-based
Merit-based
Non-need-based

21. COA Across Campuses

22. Financial Aid Recommendations
If parents make less than $60,000 per year, students and families most likely won’t have to take out many loans.
There are more than 50 colleges that meet all need with no loans.
Educational loans are low interest. Students have ten years to pay them back and can deduct interest from taxes. They are best investment possible in your child.
Students should never borrow on credit cards.
Students can visit colleges for free at the beginning and end of senior year.

23. What Can We Do Now? Save. Every dollars counts.
Prepare FAFSA-Now PRIOR, PRIOR
Explain your family finances to your children.
Build children’s resume.
Apply for scholarships.
MALDEF-
Congresswoman Roybal-Allard-

24. Rebecca Joseph, PhD getmetocollege@gmail.com Getmetocollege.org
Affording College
Rebecca Joseph, PhD
Getmetocollege.org