1. COLLEGE KNOWLEDGE FOR JUNIORS: DAY 1 What are the major costs of attending college? Take a few minutes to write down your thoughts...

2. COSTS TO CONSIDER 1.Tuition + Fees 2. Room and Board 3. Books and Supplies 4. Misc. Living Expenses

3. WHAT ARE THE DIFFERENT TYPES OF COLLEGES? Write down the different types of colleges that you know of and provide as many examples as you can.

4. FOUR MAIN TYPES OF COLLEGES IN CA 1.4 Community Colleges in Sacramento 2.23 California State Universities 3.10 Universities of California 4.Private colleges throughout CA and the U.S.

5. COMPARING COSTS OF ATTENDANCE COMMUNITY COLLEGE  Tuition and fees ($36 per unit; full time is at least 12 units)= $900 yearly  Parking = $60 a year  Books=$600 a year  Total cost= $1,600 CALIFORNIA STATE UNIVERSITY  Tuition and fees= $7,000 annually  Living on campus= $13,000 annually  Books=$600 a year  Total cost= $21,000 annually

6. COMPARING COSTS OF ATTENDANCE UNIVERSITY OF CALIFORNIA  Tuition and fees= $13,000 annually  Living on campus= $13,000 annually  Books=$600 a year  Total cost= $27,000 annually PRIVATE COLLEGES  Tuition and fees= $39,000 annually  Living on campus= $13,000 annually  Books=$600 a year  Total cost= $55,000 annually

7. HOW IS COLLEGE MADE MORE AFFORDABLE? What are ways in which the government can help? What can you as students do to help lower the costs?

8. FINANCIAL AID  Application separate from college applications: FAFSA  Parents/guardians must file taxes in order for the government to give students financial aid  Submit the application between January and March every year of college

9. FINANCIAL AID TERMS  Merit-based aid is money received for good grades or other qualities that stand out in a student’s application (High GPA’s and SAT/ACT scores = More Merit- based SCHOLARSHIP)  Merit-based scholarship can be found on university websites or on sites, such as Fastweb or Zinch  Need-based aid is money received because a family needs help in paying the costs of going to college

10. FINANCIAL AID TERMS (CONTINUED) Cal Grant A (3.0+ GPA) University of California= $12,192 California State= $5,970 Private colleges= $9,223 CAL Grant B (2.0 GPA) Pays up to $1,473 Federal Pell Grant: Need-based grant Award amount is calculated by the college and is based on your SAR report. Awarded to eligible undergraduates pursuing first baccalaureate or professional degree. Maximum of $5,550.

11. FINANCIAL AID TERMS (CONTINUED) Federal Supplemental Educational Opportunity Grant : Need-based Maximum award of $4,000 based on availability of funds at the university. Priority to Federal Pell Grant recipients Awarded to eligible undergraduates pursuing a first baccalaureate or professional degree Summary: Students with strong grades and financial need may be eligible to receive up to $22,000 in grants

12. LOANS Federal Perkins Loans (Subsidized) Need-based student loan, the college is the lender 5 % fixed interest rate, borrow up to $5,550 annually Re-payment begins months student falls below half-time enrollment College determines eligibility Federal Stafford Loan Low-interest loan (3.4%) the student takes out on their own behalf. Variable interest rate, capped at 8.25 percent Repayment begins 6 months after the student falls below half-time enrollment. Federal PLUS Loan Parent is the borrower

13. WORK-STUDY Need-based employment program Provides jobs on and off campus Students earn at least current minimum wage Students normally work a maximum of 20 hrs. per week