“My Life”

Research Career OptionsResearch Education Requirements

Include any Advanced Education Required

Calculate Financial DebtTotal cost of education, MINUS:

Source/Amount of Financial Assistance Grants, Scholarships, Parents, Awards, etc

RESEARCH CAREER OPTIONS

Browse site: WWW.BLS.GOV/OCO/ Locate A – Z Index

Look-up career alphabetically by nameRecord Occupation/Job Title Record Median Annual Income

Based on 2012 data (projected 2012-2022)Record Monthly Income

Median Annual Income divided by 12 (months)

Record Job Outlook

Can’t Find Your Occupation?

If your occupation is not listed in the Occupational Outlook Handbook: i.e. “personal trainer”, “salesman”, “small business owner”, etc.

“Google” it, add search terms “Salary”, Outlook”, “Median Annual Income, etc

Find at least two sources and average the Median Annual Income

Research Undergraduate Education Cost

Browse site: www.collegedata.com Click on Tab “College 411” Click in right top task pane “College Match” Click button “Search for Colleges” In the “Match by Name” search bar type in the Name

of the College you would like to research When the College Match page opens Click on the

Name of the college you requestedUnder the “Overview” Tab you will find “Money

Matters”Calculate the cost of your total Undergraduate

education for four years

Education Requirements (cont.)

Record the Name and Location of your Undergraduate College

Record your Major field of StudyRecord the Total Cost of Your Undergraduate

DegreeResearch the Total Cost of Advanced Education

required by your profession“Google” the Name of the University (be specific

in your search…i.e.: GRADUATE TUITION COST)Record the Total Cost of your Advanced Education

Program (tuition,room/board,books,supplies,etc.)

Can’t find “Cost” of Advanced Education?

You are not alone!Most universities do not make this

information easily accessible…STICKER SHOCK!!!!

Type “Graduate” Tuition, Or “Med” School Tuition, etc. in the Search Box located on the Home Page of most University web sites

Anticipated Financial Assistance

Record the Source and Amount of ALL Anticipated Financial Assistance Academic/Athletic Scholarships Grants Contributions from Parents/Grandparents,

etc. (as applicable) Will you do “Work Study”? Will you contribute? Will you work in the Summer or During

School?

Calculate Your Total DebtAdd Undergraduate plus Advanced EducationSubtract Financial AssistanceRecord “Your Total Debt”Calculate Your Monthly Payment for Debt

based on 8% Interest for 15 YearsUse Loan Amortization Table located in

Student Shared FilesClaxton NewPersonal Finance or on claxtoniwa.weebly.com

In Excel Spreadsheet Fill in “Interest Rate” (8%), “Number of Payments” (180), and “Principal” (Your Total Debt, or Amount of Loan)

Record Monthly Payment