Financial Literacy Paying for College

Jose receives payment for his tuition after filling out an application. To decide if he qualified for this program, his grades and test scores were evaluated. Jose does not have to pay this money back.

Mary receives a job offer on campus. She will be working in the school library after her classes every day. The money she earns while working is used to pay her tuition.

Francisco and his family have been preparing for college for a long time. Every month they add money to a bank account for Francisco’s tuition.

The amount of money you have set aside for college

Money awarded to students based on income that does NOT need to be repaid, often based on need

Money awarded to students based on achievement, does NOT have to be repaid

Money borrowed that has to be paid back with interest

Jobs on campus or at local organizations that pay towards tuition

___________________ are fees paid to a school in order to attend and receive instruction.

You entered your painting in a contest and won $750 to pay for your college expenses.

You were a high school athlete. The university is paying your tuition while you play on the college team.

You were raised by a single parent. Your family income qualified you to receive a need-based award from the US government.

Your other financial aid did not cover all of your college costs, so you borrowed money from a private lender.

You work in the college's computer lab three days per week.