1. Introduction to College Financial Topics

2. How much does college cost?

3. Sample Public University Expenses Full-Time TuitionIn State: $3,758.00 Out of State: $17,572.00 Campus Living Fees $4,650.00 Campus Meal Plans (average)* $3400.00 ** FEES $2110.00 TOTAL$13,918 - $27,732 per academic year These figures are based on the 2012-2013 school year. See college websites for updated figures. Room and Board

4. Sticker shock??

5. Tuition Cost of the courses a student takes Variation in tuition rates is based on – Type of institution Public or private 4-year college/university or 2-year/junior/community college – Residency In-state or out-of-state Being an in-state resident for tuition purposes is different from simply living in the state Generally requires the student’s permanent residence to be in the same state as the college for a certain length of time before enrolling – Number of credit hours each semester Cost billed per credit hour Cost billed for full-time course load

6. Tuition Surcharge Fee charged to students who take additional semester hours beyond what is required or allowed by their degree program Designed to encourage students to finish a degree program efficiently instead of delaying graduation

7. Room and Board Cost of on-campus housing and meal plan Housing costs often vary based on – Residence hall/dorm – type of housing, location, etc. – Single or double room – Amenities or extras (cable, phone, etc.) A meal plan is a pre-paid contract for eating at campus dining locations – Convenient (and often required) for students living on campus – Cost generally varies based on Number of meals per week Flexibility offered for when and where the meals can be redeemed Any “extras” included

8. Fees Charges for various services and programs on campus Common college fees – Student Activities – Athletics – Health Services – Technology – Recreation Facilities – Special Course Fees / Lab Fees

9. College is expensive… Why is it worth the investment?

10. Monetary Benefits Over the course of a lifetime, the average college graduate earns nearly $1 million more than the average high school graduate. Generally, college graduates… – Are about half as likely to be unemployed – Receive better employment benefits – Have more money in savings

11. Non-Monetary Benefits Better quality of life More leisure activities Better health Higher social status Increased personal & professional mobility Better consumer decision making More open-minded and knowledgeable about the world

12. The difference in earning potential, job security, and other financial and personal benefits makes attending college an excellent investment in your future.

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