EPF, Module 16: Cost of College (Review)

Tuition fees

Daily exercise routines

Grocery shopping lists

Favorite TV shows

Sticker price is the published cost of tuition and fees, while net price is what you actually pay after scholarships and grants.

Sticker price is always higher than net price because it includes only tuition.

Net price is the cost before any scholarships or grants are applied.

Sticker price is the amount you pay after financial aid is applied.

Start in October, File at fafsa.gov, Submit and receive SAI, Apply for scholarships

Start in January, File at your college, Submit and receive GPA, Apply for loans

Start in October, File at fafsa.com, Submit and receive GPA, Apply for grants

Start in September, File at fafsa.gov, Submit and receive SAI, Apply for work-study

Scholarships

Grants

Federal Work-Study

Private Loans

Federal student loans are issued by the government, while private loans are offered by private lenders.

Federal student loans require good credit, while private loans do not.

Private loans have more borrower benefits than federal loans.

Federal student loans are only for graduate students.

Tuition

Fees

Textbooks

Housing

They must be repaid after graduation.

They are a type of financial aid that does not need to be paid back.

They are only available to athletes.

They are only given to students with the highest grades.