1. Financing Postsecondary Education 6 th Grade Postsecondary Costs #3

2. Pre-Test 1.What are two common ways students pay for college? 2.What are the major types of financial aid? 3.Where can you find scholarships on Naviance?

3. Objectives Review Last Week’s Lesson Common Ways to Pay for College – Paying Colleges Directly – Financial Aid Types of Scholarships Explore and Identify Scholarships of Interest Update Postsecondary Plan

4. Review Last Week’s Lesson 1.Short-term spending on a postsecondary degree leads to – Long-term benefits 2.Main types of college costs – Tuition/Costs, Room/Board, Supplies, Personal Expenses, Transportation 3.How much does it approximately cost to attain a Master’s degree? – $90,000

5. Common Ways: Pay for College Paying Colleges Directly Savings Family Contribution Financial Aid Grants Scholarships Work Study Loans

6. Paying Colleges Directly 1. Savings Many students save money by Working jobs during the school year and summer Putting gifts of money in the bank 2. Family Contribution Family pays an amount per year to help their child Families often save money for their child’s college education

7. Financial Aid 1.Grants Money does not have to be repaid Mostly comes from state and federal government 2.Scholarships Money does not have to be repaid Mostly comes from private sector and colleges 3.Work Study Students work at college goes toward tuition 4.Loans Low interest loans for students

8. Types of Scholarships Many students qualify for different types 1.High academics 2.Special talents Sports Music 3.Religious affiliation 4.Foundations Women in Science 5.Cultural background

9. Naviance: Colleges Tab

10. Naviance Scholarships List

11. Art Institute Scholarships

12. Art Institute Scholarships Website

13. Naviance Scholarships List

14. LEDC Latino Scholarships

15. Update Postsecondary Plan

16. Explore Scholarships Click on the colleges tab scholarship list Explore Scholarships of Interest Click on scholarship list Visit scholarship website Update Postsecondary Plan

17. Classroom Discussion What are three scholarships of interest? How much money is each scholarship for? How would you qualify for these scholarships?

18. Post-Test 1.What are two common ways students pay for college? 2.What are the major types of financial aid? 3.Where can you find scholarships on Naviance?

19. Review 1.Two common ways students pay for college – Pay colleges directly – Financial aid 2.Major types of financial aid – Grants, scholarships, work-study, loans 3.Find scholarships on Naviance – Scholarship list page