1. 6th Grade Postsecondary Costs #2
Types of College Costs
6th Grade
Postsecondary Costs #2

2. Pre-Test
What does short-term spending on a postsecondary degree lead to?
What are the main types of college costs?
How much does it approximately cost to attain a Master’s degree?

3. Objectives Introduction to ways to pay for college
More on this subject next week
5 main types of college costs
How much does it cost to go to college?
Is it worth the money?
College Costs vs. Lifetime Earnings

4. Paying for College Short-term spending leads to
Long-term benefits
Paying Colleges Directly
Savings
Family Contribution
Financial Aid
Grants
Scholarships
Work Study
Loans

5. 5 Main Types of College Costs
Tuition and Fees
Room and Board
Must pay for housing & food even if not in college
Supplies
Average cost around $500 a year (varies by major)
Personal Expenses
About the same cost as youth not in college
Insurance (many students can be on parent’s policy)
Transportation
Less expensive if attending in-state college

6. Pick a Partner
In which five areas do you think you can help keep college costs down?

7. Average College Costs Associate’s degree
Tuition and Fees: $8,000 (2 Years)
Bachelor’s degree
Tuition and Fees: $60,000 (4 Years)
Master’s degree
Tuition and Fees: $90,000 (6 Years)
Doctoral degree
Tuition and Fees: $170,000 (10 Years)
Professional degree
Tuition and Fees: $190,000 (11 Years)

8. Is it Worth the Money?
YES!!!

9. Lifelong Income by Degree
Source: U.S. Government Info, About.com

10. College Costs vs. Lifetime Earnings
Associate’s degree
Tuition and Fees: $8,000 (2 Years)
Wage Increase from H.S. Degree: $550,000 (Lifetime)
Added Lifetime Income: $542,000
Bachelor’s degree
Tuition and Fees: $60,000 (4 Years)
Wage Increase: $900,000 (Lifetime)
Added Lifetime Income: $840,000

11. College Costs vs. Lifetime Earnings
Master’s degree
Tuition and Fees: $90,000 (6 Years)
Wage Increase: $1,300,000 (Lifetime)
Doctoral degree
Tuition and Fees: $170,000 (10 Years)
Wage Increase: $2,200,000 (Lifetime)
Professional degree
Tuition and Fees: $190,000 (11 Years)
Wage Increase: $3,100,000 (Lifetime)

12. Pick a Partner What type of degree to you plan to attain?
Compare the cost of that degree and the increase of earnings over a lifetime
What advantages do you see in attaining that degree?

13. Classroom Discussion What type of degree to you plan to attain?
Compare the cost of that degree and the increase of earnings over a lifetime
What advantages do you see in attaining that degree?

14. Post-Test
What does short-term spending on a postsecondary degree lead to?
What are the main types of college costs?
How much does it approximately cost to attain a Master’s degree?

15. Review Short-term spending on a postsecondary degree leads to
Long-term benefits
Main types of college costs
Three of the below
Tuition/Costs, Room/Board, Supplies, Personal Expenses, Transportation
How much does it approximately cost to attain a Master’s degree?
$90,000