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Part 1: The Real Price of College
After this lesson, you will be able to:
Analyze the opportunity cost of going to college when compared to entering the workforce
Identify the most common costs associated with attending college
Explain the difference between a college’s sticker price and net price
Compare the net price of different colleges
What does college cost?
This is an important question.
Sometimes, it the deciding factor on whether somebody can go to college or not.
The total cost of college (the sticker price) is made up of many factors.
Read this article: "What's the True Cost of Attendance? Know Before You Go"
Consider these questions:
What is the main difference between direct costs and indirect costs of attending college?
Do you have more control over direct costs or indirect costs? Explain why.
College isn't always as expensive as what is advertised.
Do this activity comparing the "Sticker Price" for college and the "Net Price".
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Part 2: Getting Money For College
After this lesson, you will be able to:
Explain why scholarships and grants should be prioritized when looking for and accepting financial aid
Explain the difference between scholarships and grants
Find scholarships and grants that they are eligible for
Consider these questions:
Explain how grants are different from scholarships.
Which of the federal or other grants mentioned in the article do you think you would be eligible for?
Briefly explain how you go about applying for grants.
And, finally, if you do get a loan, you will have to repay it. That will be something to add to your monthly budgeting.
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