Download presentation
Presentation is loading. Please wait.
Published byUrsula Lamb Modified over 9 years ago
1
Paying for Post-Secondary Education Unit 8 - Succeeding
2
Saving for College Total cost of attendance Education IRA –Education savings plan that offers tax advantages 529 Account –A higher education savings plan where the funds can be withdrawn tax-free when they are used for educational purposes
3
Scholarships An award of financial aid for a student to further their education, often based on merit such as academic achievement or athletic skill –http://www.finaid.org/scholarships/http://www.finaid.org/scholarships/ –http://studentaid.ed.gov/types/grants- scholarships/finding-scholarships Armed Forces Enlistment or Reserve Officers’ Training Corps (ROTC)
4
Financial Aid Grant or scholarship, loan or paid employment offered to help a student meet his/her college expenses –Pell grant (free money) FAFSA (Free Application for Federal Student Aid) www.fafsa.ed.gov –Form that must be completed in order to qualify for any type of governmental financial aid for higher education Pg 14 http://collegecost.ed.gov/shopping_sheet.pdf
5
Financial Aid Grant –Monetary award by the federal, state or local government to an eligible student for educational expenses and without the expectation of repayment Work study –Program that provides students with part-time jobs while in school in order to subsidize the cost of education
6
Financial Aid Student Loan subsidized and unsubsidized »By government you pay the interest Interest Rate Grace Period Deferred Payment Perkins Loan Stafford Loan Parent Loan for Undergraduate Students (PLUS)
7
Retirement Unit 8 - Succeeding
8
Retirement The point in time when a person chooses to leave the workforce permanently, usually at age 65 or older Compounding interest (pg. 41 Examples and Practice) Risk Inflation
9
Retirement Social Security Medicare Individual Retirement Account –A retirement investment account that allows a person to save a specified amount of income each year in a tax-deferred account –Traditional IRA (taxed at time of withdrawal) –Roth IRA (no taxes at withdrawal)
10
Retirement 401K –A retirement investment plan that allows an employee to invest a percentage of their wages into a tax-deferred account chosen by the employer 403b –A retirement plan available to employees of certain non-profit organizations that allows them to invest a percentage of their wages in a tax-deferred account
11
Building your Future Path to Employment
12
Did you know? Unemployment and earnings are directly linked to educational attainment Knowing your interests, strengths, skills and aptitudes can help you identify a number of different career options. –www.onetonline.org/find/career
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.