Objectives Identify 3 ways that financial aid can help pay for postsecondary education Identify basic financial terms Identify opportunities for academic support and enrichment Vocabulary ID: 720622
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Kids2College
Lesson 4, Paying for CollegeSlide2
Objectives:Identify 3 ways that financial aid can help pay for post-secondary education
Identify basic financial terms
Identify opportunities for academic support and enrichmentSlide3
Vocabulary
FAFSA
Financial Aid
Grant
Loan
Scholarship
Work-StudySlide4
Middle School: Your first step towards reaching your goals
It might sound like everything you need to do to get ready for college happens in high school. This isn’t the case! There are things you can do now in middle school to put yourself on track.Slide5
6th grade
Develop
good study habits
Attend school regularly
Do your homework
Keep talking to your parents
Make sure you know your learning style (how do you learn better, seeing, hearing doing)Slide6
7th grade
Participate in school activities
Be active in clubs
Keep doing your homework
Talk to your counselor
Continue looking at careers
Review career information with parents
Talk with family and friendsSlide7
8th grade
Continue to develop good study habits and organization
Take algebra
Keep up with your homework
Keep working hard
Talk with your counselor
Talk with your parents about classes and colleges you want to learn more about
Take time to look at $$$ and how you can help pay for post secondary schoolingSlide8
ReviewIn addition to talking about learning styles, we talked about the academic factors that are important for getting into college.
Q: What were the three important things we should focus on?
Grades
Class Selections
Tests
Q: Name an opportunity that can help someone do better in their classes.Slide9
Opening Journal Turn to page 37 in your student handbook.
Please reflect on what you have learned during the previous lesson and start thinking about what you will be learning about today.Slide10
Paying for College
What do you know about how much college costs?
How many of you are worried that college might be hard to pay for or too expensive?
There are four types of financial aid you should be aware of right now:
Grants
Scholarships
Work Study
Loans
Now turn to page 38Slide11
Glossary
The money available to help me pay for college is called
Financial Aid
Grants
are financial aid awards that do not have to be repaid.
Scholarships
are financial aid awards that are awarded based on achievements.
Work-Study
is a program that allows students to work to earn money for their tuition. Students in this program have jobs on campus.
Loans
are awards that have to be paid back.
In order to be eligible for financial aid, I need to fill out the
FAFSA
during my senior year.
Financial Aid
Grants
Scholarships
Work-Study
Loans
FAFSASlide12
Why picking the right classes is important
To be eligible for grants, loans, work -study and some scholarships, all students need to completed the
Free Application for Federal Student Aid (FAFSA),
which determines eligibility for financial aid. Students who do not complete FAFSA are not eligible for any federal aid, which includes grants, loans and work-study. In addition to many states, private loan companies, and some private organizations rely on the information FAFSA provides to make their financial aid decisions. Slide13
Alaska Performance Scholarships (APS)
Did you know there’s a scholarship for Alaska students?
Challenge yourself. Try focusing on classes that will better prepare you for your future. APS has either a
Math and Science
option or
Social Studies and World Languages.
Keep your grades up and take the SAT/ACT. Higher GPAs and test scores will help you receive higher awards.
You qualify for APS if:
Are an Alaskan resident
Graduate from an Alaska High School
Have qualifying unmet costs of attendance.Slide14
Alaskadvantage Education
The
AlaskAdvantage
Education Grant provides need-based assistance to students. Grant awards typically range from $500 to $2,000 per academic year. Slide15
Calculating College Tuition Costs
Turn to page 39
How much would tuition cost you?
How much is that tuition per year, assuming it took you four years to finish?
If you earn the top APS award of $4,755 per year, and use it, what amount of your annual tuition costs would be left over to be paid from other sources?
Besides tuition, what might be other costs of attending college. Slide16
Calculating College Tuition Costs
Answers
How much would tuition cost you?
$19,200
How much is that tuition per year, assuming it took you four years to finish?
$4,800
If you earn the top APS award of $4,755 per year, and use it, what amount of your annual tuition costs would be left over to be paid from other sources?
$180
Besides tuition, what might be other costs of attending college.
Room and board, booksSlide17
College Access BingoTest your Kids2College vocabulary. Get five squares in a row (either horizontally, vertically, or diagonal) and say BINGO!!Slide18
Catching up, Keeping Up and Getting Ahead
Today we talked resources available to help you and your family pay for college.
Financial aid is available from:
Federal Government
State Governments
Colleges and Universities
Talk with your parents about opening a savings account.Slide19
Go to https://kahoot.it/#/Slide20
Enter the Code belowSlide21
Enter the Code below: New Game!Slide22
Closing discussionName one thing you learned today that you
didn
’
t know before?
How can you apply what you learned about your learning style to the way that you study?
How do you think that the information we discussed today can help you on your career path?Slide23
Closing Journal
Go to page 41
Career Panel: Monday, March 20
th
, 2017
We will have pizza and snacks! 12:30-2:00 p.m.