1. The Financially Savvy College Student
Summer Orientation, Advising, & Registration (SOAR)
Piedmont Virginia Community College
Dr. Todd Parks

2. Cost of attendance In-state resident
Tuition $4,650 (15 credit hours x 2)
Books and supplies $1,800
Other fees $140 (15 credit hours x 2)
$6,590
Estimated living expenses $6,920
Other expenses $4,500
$18,010
Out-of-state resident
Tuition $9,948 (15 credit hours x 2)
Books and supplies $1,800
Other fees $770 (15 credit hours x 2)
$12,518
Estimated living expenses $6,920
Other expenses $4,500
$23,938
Click for current tuition and fee rates
Click for estimated cost of attendance

3. Payment deadlines
Click to payment deadlines

4. Do you have a plan to pay college expenses?
Financial Aid Office helps students submit the Free Application for Federal Student Aid (FAFSA).
Students may pay tuition and fees in monthly installments for a small fee.
Career Services helps students find jobs, including on-campus positions.
The Educational Foundation awards more than 100 scholarships each year.
Academic Support Services facilitate personal finance workshops.
Academic Advising helps students create an academic plan.
Student Success Office helps students overcome barriers to completion.
Academic coaches and tutors help students succeed academically, minimizing setbacks and reducing time-to-degree.
Click to access the Financial Aid
Click to learn more about PVCC’s payment plan
Click to learn more about Career Services
Click to learn more about PVCC Educational Foundation scholarships
Click to learn more about personal finance and upcoming workshops
Click to learn more about Academic Advising
Click to learn more about the Student Success Office
Click to learn more about academic coaching and tutoring

5. Financial aid
Click to complete the Free Application for Federal Student Aid (FAFSA)

6. Financial aid Financial Aid Office M136 Main Building
May 14 – August 3
Monday through Thursday: 8 a.m. – 5:30 p.m.
Friday: 8 a.m. – 11:30 a.m.
FAFSA workshops
May 26
June 23
July 28
Available aid
Federal and state grants
Federal Work Study (FWS)
Subsidized student loans
Unsubsidized student loans

7. Student loan repayment
Limit loans to 1x expected earnings
Click to learn more about student loan debt
Click to calculate student loan repayment
Crystal Filer-Ogden stated, “The average loan indebtedness for PVCC students is $7,520” (May 23, 2018).

8. The financially savvy college student
Most college students dropout for financial reasons.
Love your life, not your classmates!
Create a budget.
Use an app or envelopes to keeps tabs on spending.
Live below your means.
Avoid debt! Do not fall prey to credit cards.
Use cash, not debit. Use debit, not credit.
Click to learn more about why students drop out
Click to learn more about ways to reduce the cost of obtaining the postsecondary credential

9. Simple budget Income Financial Aid Wages Expenses Tuition and fees
Books and supplies
Housing
Dining
Health
Phone
Transportation
Insurance
Other

10. 12 tips from real college students
Live at home
Get a roommate and cut your housing and utility expenses in half!
Carpool or use public transportation
Cook your own meals and pack a lunch
Shop for used textbooks (BUY THE RIGHT BOOK)
Big box stores sell school supplies at a discount in August
Shop consignment stores
Seek out free entertainment on-campus in the Charlottesville area
Join a student club
Workout on campus
Take advantage of student discounts
Pay your bills on time

11. Real life scenario Grocery list 1/5 lb. deli meat $1.80
Item
Buy
Make
Sandwich
$8.75
$2.27
Drink
$1.75 (soda)
$0.00 (filtered water)
Other
$0.00
$0.75
Tax
$1.08
$0.16
Total
$11.58
$3.18
Grocery list
1/5 lb. deli meat $1.80
2 slices whole wheat bread $0.21
1 slice cheese $0.26
1 apple $0.40
2 oz. carrots $0.21
1 oz. snack crackers $0.14
$ $3.18 = $8.40 x 3 x 16 = $403/semester or $806/year

12. Personal finance goals
Create a budget
Set aside an emergency fund
Make a commitment. For example, I will commit to doing __________ to improve my financial situation.
Get an accountability partner
Check out for more information
According to the Federal Reserve Board (May 2018), “Four in 10 adults in 2017 would either borrow, sell something, or not be able pay if faced with a $400 emergency expense” (p. 21).
Financial challenges as reported by PVCC students include: auto accidents and repairs; computer problems; illness (to themselves or a family member/loved one); lack of affordable housing; job loss or change in employment; death of parent, guardian, or caretaker; loss of financial aid (e.g., SAP); childcare; lack of health insurance or inadequate coverage;