1. Calculating Postsecondary Costs 6 th Grade Postsecondary Costs #4

2. Pre-Test 1.What is the average cost of a 4-year university? 2.What link on many colleges’ websites breaks down how students can pay for college? 3.Name two types of financial aid that students do not have to pay back.

3. Objectives Review Last Week’s Lesson College Expenses Exploration College Expenses Payment Calculator How to Pay for College – Financial Aid – Parent’s Contribution – Savings – Other Sources Update Postsecondary Plan

4. Review Last Week’s Lesson 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

5. College Expenses Exploration Average costs for a 4-year university $21,000 Many colleges have payment calculators on their website This allows you to see how you can successfully manage the high cost of postsecondary education

6. College Expenses Exploration Most students can find ways to pay for their college education by combining Grants Scholarships Work Study (average: $3,700 per year) Parent contributions Loans Student contribution

7. Naviance Colleges Page

8. Colleges I am Thinking About

9. Arizona State University

11. Link to Estimate Expenses

12. Costs and Financial Aid Estimator

13. Estimated Tuition and Fees

14. Standard Costs of Attendance

15. Estimated Financial Aid

16. Financial Aid Estimate Cost for 1 st Year: $21,924 Financial Aid Grants: $7,000 Scholarships: $4,000 Work Study:$2,500 (maximum amount offered) $13,500 ($8,424 amount still owed)

17. Paying for Amount Still Owed Amount Still Owed: $8,424 Payment Loans: $4,424 Parent Contribution: $1,000 Savings : $2,000 Student Contribution: $1,000

18. Update Postsecondary Plan

19. Find Costs & Financial Aid Info Click on the: colleges tab colleges I am thinking about college of interest visit website find costs and financial aid information If you can’t find calculator on college website Go to http://students.asu.edu/costshttp://students.asu.edu/costs

20. Classroom Discussion What would be your expenses for the first year at one of your colleges of interest? How could you pay for those expenses? Grants, Scholarships, Work Study, Parent contributions, Loans, Student Contribution

21. Post-Test 1.What is the average cost of a 4-year university? 2.What link on many colleges’ websites breaks down how students can pay for college? 3.Name two types of financial aid that students do not have to pay back.

22. Review 1.Average cost of a 4-year university – $21,000 2.Link on many colleges’ website breaks down how students can pay for college – Financial Aid Estimator or Calculator 3.Types of financial aid that students do not have to pay back – Grants, Scholarships, Work Study