1. Preparing to Pay for College
Presented by: Ms. Karner and Ms. Sligh
Presented to: Upward Bound
Date: (Arial 18 pt.)
2. The Scary Truth
• According to National Center for Educational Statistics the Cost of
College has increased on average 15,000 dollars in the past twenty
years.
• There are many different parts to college cost
• Tuition
• Fees
• Room and Board
• Books
• Transportation
• Personal expenses
• Student Loan Debt is more than 1 trillion dollars throughout the US.
3. The Differences
• Every college has a cost, it is important to pay attention to the
different costs of colleges, and make the best decision for the
student.
• Make sure to consider all options before you even apply to college,
and you are applying to colleges that best suit you in all areas.
• Financially- Make sure you have schools that are financially a
match for you. If there is no way you could ever pay for a school
without scholarship, be realistically about it.
• Academically- Make sure you are applying to schools that are a
match for you, and that you have ability to get into. Be realistic
about your goals. Discuss, match, reach, and safety possibilities
• Location- Make sure to be applying to schools in a location you
are interested in, and is doable for you. Know that if you go
3,000 miles away it will not be easy to get home!
4. Community Colleges
• Community colleges are 2-year public institutions
• These schools allow students to obtain an Associate’s Degree
• On average the cost of attending a community college is 5,000
dollars a year in Massachusetts.
• If you receive a Pell Grant this will almost cover the cost of
community college
• In Massachusetts, if you graduate from a community college with
over a 3.0 GPA you will receive tuition from a public institution of
higher education.
5. Public 4-Year Colleges or Universities
• Public 4-Year colleges offer a Bachelor’s Degree to students
• They generally offer in-state and out of state rates for attendance
• In Massachusetts the following institutions are examples of
institutions that are public 4-year institutions offering an in-state
tuition rate
• UMASS Dartmouth
• UMASS Amherst
• UMASS Boston
• UMASS Lowell
• Bridgewater State University
• Framingham State University
• Fitchburg State University
• Salem State University
• Westfield State University
6. Private Institutions
• Private four year institutions are often the most expensive of the
institutions across the country
• Massachusetts/Boston is the most highly populated area for
colleges
• Because of this there are a lot more choices, specifically in the
private sector
• Be sure when applying to these schools that they offer the program
that you want and good financial aid packages
7. For Profit Institutions
• At this time there are for-profit institutions of higher education
• It is important to be aware of these because they run like a
business, and are looking to make money
• They are adverse to the regular method of education, because they
do not look to make money
• There are share holders from these institutions
• They are not all accredited, so make sure to check
• Some examples of For-Profit Institutions: University of Phoenix, ITT
Technical Institute, Full Sail University, Daniel Webster College
8. Financial Aid
• Every student should apply for aid
• Make sure you know what type of aid you are getting
• A grant or a scholarship are money that you do not have to pay
back, it is given to you.
• A loan is money that you have to pay back to the lender, generally
the federal government, with interest at some point