Dynamite Power Point

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LET’S USE SOME DYNAMITE TO SHED LIGHT ON PAYING FOR COLLEGE! What Are You Going To Do Today Napoleon?

Transcript of Dynamite Power Point

  • 1.Lets Use Some Dynamite to shed light on paying for college!
    What Are You Going To Do Today Napoleon?

2. Uncle Rico Whats the Value of A College Education over a lifetime?
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On average a high school graduate can expect to make $22,437 per year
A college graduate with a associates degree can expect to make $30,356
A college graduate with a bachelors degree can expect to make $45,776
An advanced degree graduate can expect to make $65,301
3. 4. A Changing Workforce
More than 2/3 of new jobs require some postsecondary education
5. Financing Your EducationPaying for College
What is financial aid?
Where does it come from?
What aid is available?
How do I apply?
6. What is financial aid?
Money to help you get through school!
7. Where does it come from?
Federal Government
State Government
Institution
Private Sources
8. What can Financial Aid Be?
Scholarships Free Money
Full-Time/Part-Time Work
College Savings UESP 529 Plan
Grants Free Money
Work-Study Aid & Tuition Discounts
Federal Student Loans Low Interest / Consolidation
Federal Parent Loans Low Interest
Private/Alternative Loans Non Federal Loans
9. Paying for College: Grants
PellGrant
Up to $5,550
Federal Supplemental Educational Opportunity Grant (FSEOG)
$100 to $4,000
LEAP Grant(Leveraging Educational Assistance Partnership)
Partnership between state and federal government
State matches federal dollars, up to $1,000
Utah Centennial Opportunity Program for Education (UCOPE) Grant
Funding by the Utah State Legislature to supplement shrinking federal dollars
10. Paying for College: Work Study
Federal Work Study
Up to 20 hours per week
Does not affect income on next years FAFSA
Federal government typically pays 75% of students wage
Utah matches funds through UCOPE Work Study Program
11. Paying for College: Student LoanS
Federal Student Loan Programs
Perkins (Based on need)

  • 5% Interest (9 month grace period)

12. This loan may eventually become an unsubsidized loan awardStafford

  • Subsidized (Based on need)

13. Unsubsidized 14. $3,500 1st year undergraduate 15. $4,500 2nd year undergraduates 16. $5,500 for each remaining undergraduate year 17. $8,500 for each year of graduate/professionalstudy