
The "Cost" of Post-Secondary Education
Presentation
•
Other
•
10th - 12th Grade
•
Hard
Ellen Peyton
Used 20+ times
FREE Resource
12 Slides • 2 Questions
1
The "Cost" of Post-Secondary Education
And some benefits too
2
Multiple Select
Which of the following do you think is true about college. Check all that apply.
College is an investment.
Everyone who goes to college is guaranteed a career upon graduation
All people are eligible for a full pell grant for college
People with post-secondary educations have higher lifetime earning potential than people without
If you cannot pay back student loans, you can always file bankruptcy.
3
- College IS an INVESTMENT
Whether you take out loans, work two jobs to cover the cost, or have a full ride scholarship........College is an investment for your future quality of life.
4
Everyone IS NOT eligible for a full pell grant
This federal grant is awarded through a formula that is based off of your parents income. The higher the income, the lower the grant amount. HOWEVER, with the right qualifications scholarships are also available but are highly competitive.
5
6
Everyone who obtains post-secondary education or training IS NOT guaranteed a career.......
This depends on the job outlook for their specific field of interest, as well as their personality traits, their skills, and their ability to network and go out there and get the position they feel passionately about
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People with post-secondary educations do have higher lifetime earning potential.
According to the Social Security Administration...Men with bachelor's degrees earn approximately $900,000 more in median lifetime earnings than high school graduates. Women with bachelor's degrees earn $630,000 more
8
If you are unable to pay back your federal students loans, filing bankruptcy WILL NOT ERASE THAT DEBT
Unfortunately, federal student loans cannot be filed on bankruptcies.
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Net price
vs
Sticker Price
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The most heavily awarded federal grant is the Pell grant. This amount is determined through your FAFSA.
11
FAFSA
Free Application for Federal Student Aid
Each year the new application opens on October 1st at 1:00 a.m.
The FAFSA makes you eligible for grants, scholarships, work-study programs, and federal student loans
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Scholarships vs Grants
Both DO NOT have to be paid back
Scholarships are merit-based (student performance)
Grants are need based (low-income families)
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The FAFSA also determines your EFC
This is your Expected Family Contribution
14
Multiple Choice
I am going to save the FAFSA details for a couple of days while we focus on the cost of attendance. With that said, I will close with a common sense FAFSA question.
Which of the following is TRUE about how you get your financial aid?
All financial aid is paid directly to you in one payment
All financial aid is paid to you in installments
Aid is 1st applied to your account; you get the rest
The school receives all of your financial aid
The "Cost" of Post-Secondary Education
And some benefits too
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