1. How Much Does College Cost?
How to Pay for College
Components of Financial Aid
Applying for Financial Aid
How is Financial Aid Decided?
Will Financial Aid Be Enough?
Tips for Paying for College (and Negotiating!)
Senior Year and Beyond

2. The Cost of College

3. College Costs Out of state Private $57,485 (Vanderbilt) In Illinois
Public
$27,020
(Univ of IL)
Out of state
Private
$57,485 (Vanderbilt)

4. Paying for College How to Pay for College How Much Does College Cost?
Components of Financial Aid
Applying for Financial Aid
How is Financial Aid Decided?
Will Financial Aid Be Enough?
Tips for Paying for College (and Negotiating!)
Senior Year and Beyond

5. How to Pay for College
Financial Aid
Your
Pocket
Talent

6. How to Pay for College Savings Salary Other Income 529 plans
Student’s
Parents’
Other people
Other Income
Rental property
Investments
Legal Settlements
529 plans
Prepaid Tuition plans
Bank
Employer
Your
Pocket

7. How to Pay for College Academic Merit Athletic Superiority
Division I and II only
Unique skill or trait
Instrument
“Naturally blue hair”
Desirable demographic
Talent

8. How to Pay for College College Federal government State government
Financial Aid
College
$$$
Work Study
Federal government
State government
Scholarships

9. Components of Financial Aid
Your
Pocket
Talent
Components of Financial Aid
How Much Does College Cost?
How to Pay for College
Components of Financial Aid
How is Financial Aid Decided?
Will Financial Aid Be Enough?
Tips for Paying for College (and Negotiating!)
Senior Year and Beyond

10. Two Kinds of Financial Aid
Free*
Must
pay back

11. Type 1 of Financial Aid: Free
Grants
Scholarships
Work Study

12. Free*
Free*
Strings include: grades, course load, income, etc.

13. Type 2 of Financial Aid: Must Pay Back
Loans