College Costs

8th GradeReady Financially for Postsecondary Institutions #2

Pre-Test

1. What is the average annual tuition cost at a two-year college?

2. What is the average annual cost at a private four-year college?

3. What percentage of undergraduate students attends a community or technical college?

Objectives

• Review College Expenses & Financial Aid Info– Compare costs of four and two-year colleges

• Explore 2 or 4-year colleges – That have programs for your majors of interest

• Add colleges to your Postsecondary Plan– If you find good choices

College Expenses

• Most students can find ways to pay for their college education by combining • Grants• Scholarships• Work Study (average: $3,700 per year)• Parent contributions• Loans• 2-year colleges• Other sources

Cost of a Bachelor’s Degree

• In many cases, it is financially manageable • For students to attend 4-year colleges and

universities

• However, some students choose• 2 year colleges for financial reasons

• 40% of undergraduate students attend • 2 year colleges

Average Tuition and Fees

• Two-Year College• Tuition and Fees: $2,693 per year

• Public Four-Year College (in-state) • Tuition and Fees: $8,244 per year

• Public Four-Year College (out-of-state) • Tuition and Fees: $20,770 per year

• Private Four-Year College • Tuition and Fees: $28,500 per year

source: College Board

College Costs Facts

• Many states have reciprocity with neighboring states– Reciprocity: Pay in-state tuition in other states– Minnesota: Wisconsin, North and South Dakota

• Many private colleges have good financial packages– Some students pay less to attend private colleges

• More students are attending 2-year colleges first for financial reasons

• If you do well in school, you will most likely pay less for college– With more scholarships and other financial aid

Atlantic Cape Community College

Tuition and Fees

Update Postsecondary Plan

Update Postsecondary Plan

Pair and Share

1. What are your colleges or universities of interest?– Refer to “Minnesota List of Colleges and Universities”

2. What do you anticipate will be the cost?3. How do you anticipate you will pay for your

postsecondary costs?

Class Discussion

1. What are your colleges or universities of interest?– Refer to “Minnesota List of Colleges and Universities”

2. What do you anticipate will be the cost?3. How do you anticipate you will pay for your

postsecondary costs?

Assignment Tonight

1. Explore colleges & universities for careers of interest• Refer to the “Minnesota List of Colleges and Universities” • Using iseek and college websites • Find the costs for those colleges

2. Add colleges & universities to your• Postsecondary Plan• If you find good choices

Post-Test

1. What is the average annual tuition cost at a two-year college?

2. What is the average annual cost at a private four-year college?

3. What percentage of undergraduate students attends a community or technical college?

Review

1. Average annual tuition at a two-year college– $2,693

2. Average annual tuition at a private four-year college

– $28,500 3. Percentage of undergraduate students that

attend a community or technical college– 40%