This presentation to the Centerville High (OH) 2016 Parents focuses on what parents of high school freshmen should know about paying for college. Parents do not have to let the rising costs of college surprise them. Most families start with looking at the sticker price to determine whihch colleges should be on their teens list. Beginning with the sticker price i a sure-fire way to end up paying more for college.
This PowerPoint helps students to consider the concept of infinity.
Don't Let the College Sticker Price Fool Ya!
1. Explore. Experience. Excel!
Don’t let the College
Sticker Price fool ya!
Centerville High School
Parents of 2016
Dr. Pamela Ellis
Compass College Advisory Center
Dayton, Ohio
March 27, 2013
Copyright @2013 by Compass Education Strategies, LLC. All Rights Reserved. The Education Doctor is a registered trademark.
2. Explore. Experience. Excel!
Agenda
• Beware of College sticker price
• Paying for College
www.compasscac.com
• Options
• Sources
• What high school parents can do now
2
Copyright @2013 by Compass Education Strategies, LLC. All Rights Reserved. The Education Doctor is a registered trademark.
3. Explore. Experience. Excel!
Tuition - vs - Cost of Attendance
The Ohio
State
University
www.compasscac.com
$20,400/$35,800
University
of Dayton
$47,300
3
Copyright @2013 by Compass Education Strategies, LLC. All Rights Reserved. The Education Doctor is a registered trademark.
4. Explore. Experience. Excel!
Payment Options
• Grants and scholarships
• No repayment required
• Work-study
www.compasscac.com
• Job during college
• Loans
• Repayment required
4
Copyright @2013 by Compass Education Strategies, LLC. All Rights Reserved. The Education Doctor is a registered trademark.
5. Explore. Experience. Excel!
Fact about Loans
• 1/3 graduate without debt
• Average in 2011 - $23,800
www.compasscac.com
• Ohio is
• 2% over $50,000 graduated in 2008-
09
• 40% for UG vs 68% in Grad school
5
Copyright @2013 by Compass Education Strategies, LLC. All Rights Reserved. The Education Doctor is a registered trademark.
6. Explore. Experience. Excel!
Sources to Pay
• Federal government
(includes Veteran and Military)
• State
www.compasscac.com
• Colleges
• Private or non-profit organizations 6
Copyright @2013 by Compass Education Strategies, LLC. All Rights Reserved. The Education Doctor is a registered trademark.
7. Explore. Experience. Excel!
Who offers What for your Family
Federal State College External
Grant ✔ ✔ ✔ ✔
www.compasscac.com
Scholarship ✔ ✔ ✔ ✔
Work-study ✔
Loan ✔ ✔ ✔
Income limited ✔ ✔ ✔ ✔
Higher income OK ✔ ✔
7
Copyright @2013 by Compass Education Strategies, LLC. All Rights Reserved. The Education Doctor is a registered trademark.
8. Explore. Experience. Excel!
Undergraduate Student Aid by Source and Type (in Billions), 2011-
12
SOURCE: The College Board, Trends in Student Aid 2012, Figure 2A.
Copyright @2013 by Compass Education Strategies, LLC. All Rights Reserved. The Education Doctor is a registered trademark.
9. Explore. Experience. Excel!
Will you be
20%?
www.compasscac.com
9
Copyright @2013 by Compass Education Strategies, LLC. All Rights Reserved. The Education Doctor is a registered trademark.
10. Explore. Experience. Excel!
#1 Decision Factor
Institutional priorities
www.compasscac.com
10
Copyright @2013 by Compass Education Strategies, LLC. All Rights Reserved. The Education Doctor is a registered trademark.
11. Explore. Experience. Excel!
Language of Financial Aid
• Need-blind
• Need-aware
www.compasscac.com
• % of need met
• Merit
11
Copyright @2013 by Compass Education Strategies, LLC. All Rights Reserved. The Education Doctor is a registered trademark.
12. Explore. Experience. Excel!
Tips for Freshmen Parents
• Net cost calculator
• External Scholarships
www.compasscac.com
• College list
12
Copyright @2013 by Compass Education Strategies, LLC. All Rights Reserved. The Education Doctor is a registered trademark.
13. Explore. Experience. Excel!
Compass College Advisory Center
Dr. Pamela Ellis
(937) 528-2322
drpamela@compasscac.com
Copyright @2013 by Compass Education Strategies, LLC. All Rights Reserved. The Education Doctor is a registered trademark.