Paying for College Lessons

/Paying for College Lessons
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Paying for College Lessons

**Want only activities on paying for college? View them here.

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In this lesson, students will be able to:

  • Explain the potential quantitative and qualitative value of a college education
  • Describe the costs of a college education
  • Distinguish between the sticker and net price when it comes to college costs
  • Outline the pros and cons of various methods of paying for college
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In this lesson, students will be able to:

  • Understand the purpose of the FAFSA in securing financial aid
  • List the items required to file the FAFSA
  • Analyze a Student Aid Report (SAR) and determine their Expected Family Contribution (EFC)
  • Understand the potential hurdles to filing the FAFSA and how to overcome them
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In this lesson, students will be able to:

  • Understand the current trends of increasing student loan debt and its impact on students
  • Explain key strategies to be a responsible borrower
  • Identify the basic features and differences between federal and private student loans
  • Research average student loan debt at colleges and compare it to potential first year salaries
  • Explain how changes in loan debt, interest rates and monthly payments affect the time it takes to pay off student loans
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In this lesson, students will be able to:

  • Explain key differences in types of gift-aid (scholarships vs. grants, need-based vs. merit-based)
  • Identify key sources of grants and scholarships
  • Research scholarships they qualify for and create a “plan of action” to apply for a scholarship
  • Understand how to avoid scams and maintain the requirements of a scholarship
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Students will be able to

  • Describe possible funding options when their initial aid package is less than the cost of attendance
  • Balance revenue streams and expenses to create a college budget for the semester
  • Make thoughtful decisions about day-to-day spending while in college to minimize debt
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