Stretching Student AidRevised 8/2013

Agenda

Financial Aid: Disbursement

Agenda

Shrinking Costs: Balancing Act

Cost of AttendanceFinancial Resources Cost of Attendance

Shrinking Costs: Cost of Attendance

??

Shrinking Costs: Cost of Attendance

Shrinking Costs

Shrinking Costs: Tuition and Fees

Compare Schools

Western Undergraduate

Exchange

Transfer credits

Taking more credits

Tuition reimbursement AmeriCorps

Military service Part-Time enrollment

Shrinking Costs: Books and Supplies

Shrinking Costs: Transportation

Shrinking Costs: Food

Shrinking Costs: Housing and Utilities

Shrinking Costs: Entertainment

Student Deals• Movies• Restaurants

Clubs and School Events• Sports classes• Activity-based

clubs• Intermural

sports• Campus events

Free Events• Community

events• Community

festivals

Make Your Own!• Potlucks• Movie nights• Craft nights• Outdoor trips

Shrinking Costs: Other

Shrinking Costs: Other

How long will it take to graduate?

What will my job prospects be like once I graduate?

What will my earning potential be once I graduate?

Shrinking Costs: Borrow Responsibly

What do you expect to earn?

How much do you expect to borrow?

Can you afford your estimated monthly payments after college?

Student loan payments should be no more than 8-10% of your monthly income.

Shrinking Costs: Credit Cards

Agenda

Resources: A Balancing Act

Cost of AttendanceFinancial Resources Cost of Attendance

Resources: 3 Pots of Money

Family Financing

Community Financing

Government/ Institutional

Financing

Resources: Family Financing

What can you and your family contribute to your college education?

Savings

Income

Investments

How many people are in your family? How many are/will be in college?

What kind of unusual expenses do you have?

Resources: Community Financing

What scholarships or other external funding can you find?

Resources: Scholarships

FOR

•School•Company•Organization•Individual YOU

Money: Government/Institutional Financing

Financial Aid Grants Loans Work-Study

What funds are available to me through the federal or state government or from my college?

Agenda

Scenarios: On Campus

COST OF ATTENDANCE: $28,043/semester (Private)*TUITION AND FEES: $21,063

STUDENT BUDGET: $6980

Scenarios: Off Campus

COST OF ATTENDANCE: $8175/quarter (public)*TUITION AND FEES: $3449

STUDENT BUDGET: $4726/quarter

Final Message: It’s Up to You!

Where you go How long you go How much you work How much you spend Budgeting is an ongoing process Creative ways to cut costs

A nonprofit corporation, USA Funds® works to enhance

postsecondary education preparedness, access and success

by providing and supporting financial and other valued services.