1. Going to College: costs & finance

2. What concerns do you have about college next year?

3. What concerns do you have about college next year?
FINANCIAL AID
HOUSING
STRESS
DEBT
DISTANCE
JOBS
CHOOSING MAJOR
PLEDGING
SPORTS
COURSE DIFFICULTIES
RESPONSIBILITIES
*Students more worried about paying for college than being there...

4. What are your current expenses
*What are your current expenses? *What expenses will you probably have next year?

5. Expenses you will probably have throughout college:
TUITION
BOOKS
HOUSING
FOOD
CAR/GAS
RECREATIONAL

6. My College Costs First two years of Undergrad at Mt.SAC
GAS ($100/month)
FOOD ($200/month)
RENT ($450/month)
APPROX. YEARLY EXPENSES: $9,000
Last two years of Undergrad at SDSU
HOUSING ($650/month)
SDGE & INTERNET ($50/month)
GAS ($140/month)
FOOD ($300/month)
CELL PHONE ($100/month)
TUITION ($3,000/year)
APPROX. YEARLY EXPENSES: $17, 880

7. How much will college cost in reality?
COLLEGE COST CALCULATOR

8. PAYING FOR COLLEGE WHAT ARE SOME FINANCIAL RESOURCES YOU CAN USE
TO PAY FOR COLLEGE?

9. PAYING FOR COLLEGE FINANCIAL AID- FAFSA:
PELL GRANT + CAL GRANT/UNIVERSITY GRANT

10. PAYING FOR COLLEGE 2. SCHOLARSHIPS *Scholarships should be free…
Yearly, Semester, One-time?
Application deadlines, GPA requirement, Essay/Statement
Scholarship resources:
Your school’s financial aid website
bigfuture.collegeboard.org
Fastweb.com
MALDEF
Your personal bank
Other
*Scholarships should be free…
Beware of scholarship scams!

11. PAYING FOR COLLEGE 3. JOB/WORK STUDY
Approx hrs/week for work study (usually about $3,000/semester) Benefits: flexible hrs, often on-campus, can be related to major
If you are interested in work study, YOU must contact your financial aid office and ask if you can get work study!!!
Non work-study jobs: is schedule flexible? Will it conflict with school?

12. PAYING FOR COLLEGE
4. LOANS: A. FAFSA STUDENT LOANS -SUBSIDIZED -UNSUBSIDIZED B. PRIVATE STUDENT LOANS -Through your bank or a private financial institution C. PARENT LOANS D. CREDIT CARDS

13. PAYING FOR COLLEGE
LOAN TIPS: -BORROW ONLY IF YOU REALLY NEED TO -ONLY BORROW WHAT YOU NEED -USE LOAN MONEY WISELY -IF YOU DON’T SPEND SOME MONEY AT THE END, SAVE IT FOR NEXT SEMESTER -THE LESS YOU BORROW…THE LESS YOU WILL HAVE TO PAY BACK! -YOU CAN START PAYING OFF LOANS WHILE IN SCHOOL CNN video on student loans

14. POSITIVE OUTLOOK FOR COLLEGE FINANCING
Find Creative ways to cut/reduce spending!
Use Student Discounts!
Buy Used Books
Shop for groceries and cook at home
Use online coupons and discounts
Share housing
Walk/bike to school if possible
Rent textbooks
If you have time for a part time job…
do it!

15. POSITIVE OUTLOOK FOR COLLEGE FINANCING