1. Planning for Your Future

2. College Any postsecondary educational institution
2 year or community college
Trade school
4 year college or university

3. College and Money
College is an investment.

4. College and Money
Investment – putting money into something in order to gain more money

5. College and Money

6. Investment in YOU College graduates tend to be healthier.
College provides opportunities you might not have otherwise:
Social Life
Study Abroad
Expanded Interests
Other ways college is an investment in YOU

7. College and Money
The problem…..

8. College and Money Northeast State Community College Cost of Attendance
In-state, living with parents
In-state, not living with parents
Tuition and fees
$3,378
Books and Supplies
$1,500
Room, Board, and Personal
$4,650
$8,400
Transportation
$3,000
Total
$12,528
$16,278

9. College and Money ETSU Cost of Attendance
Full-Time Students 15hrs each for Fall and Spring:
Dependents
Independent
Fees
7,985
Books/Supplies
1,090
Room
4,602
6,560
Board
3,220
Travel
3,450
Miscellaneous
 3,120
Total In-State
23,467
 25,425
Out-of-State Tuition
17,166
Total Out-of-State
40,633
42,591

10. College and Money UTK Cost of Attendance In State Out of State
Direct Costs
Tuition & Fees
$11,246
$29,696
Indirect Costs
Books
$1,582
This is an estimate of what a student will spend on books for the fall and spring semesters.
Room & Board
$10,296
This is an estimate of what a student will spend on housing and meals for the fall and spring semesters.
Transportation
$1,664
This item is for budgeting purposes only and will not be billed to you.
Personal
$4,002
Total
$28,790
$47,240

11. College and Money
Carson Newman Cost of Attendance

12. How are you going to pay?
Out of pocket?
Grants?
Scholarships?
Loans?

13. Financial Aid FAFSA – Free Application for Federal Student Aid
Complete Jan. 1 or after of your senior year
Can use last year’s tax information and update later
Complete every year that you are in college

14. Tennessee Promise
Tennessee Promise is both a last dollar scholarship and a mentoring program which begins with the graduating class of 2015.

15. Tennessee Promise Examples A B C Tuition/Fees $4,000 Gift Aid -$5,730
-$3,000
-$0
Gap $0
$1,000
TN Promise

16. Tennessee Promise Qualifying Institution Community Colleges
Tennessee Colleges of Applied Technology
Four-Year Institutions offering Associates Degrees

17. Tennessee Promise
Apply to Tennessee Promise Program at by November 1.
Complete FAFSA by February 15.
Attend first mandatory meeting coordinated by partnering organization by March 1.
Attend second mandatory meeting coordinated by partnering organization by May 31.
Apply for admission to a qualifying institution.
Complete 8 hours of community service by August 1.

18. Financial Aid
Financial aid is money that the government and other organizations give you or lend you to help you pay for college.
Types:
Grants
Scholarships
Loans
Work Study

19. Financial Aid
Grants – gift aid, does not have to be paid back, most grants are needs-based which means they are usually given based on your or your families financial circumstances.
Scholarships – also gift aid, awarded for academic or athletic ability; interest in a certain subject; or volunteer work for example.
Loans – money you borrow, must be paid back with interest.
Work Study Programs – the Federal Work-Study Program offers paid part-time job to help students pay for part of their college.

20. Financial Aid Financial Aid Sources: Government Federal State Private
Institutional

21. LOANS – Yes or No? Julina’s Story
Hi, I’m Julina, and I was not smart when I was going to college because I didn’t work hard to find scholarships. I also chose not to take advantage of the HOPE scholarship by going to school in Tennessee. Therefore, I took out loans.

22. Julina’s Story Undergraduate @Emory & Henry College – 4 years
I had free tuition (about 30K a year)
I worked in the summers (made approx $3K per summer)
I had to pay for room and board = $8-10K per year and an apartment senior year
– 2.5 years (plus 2 summers)
Once again: Free tuition because I had a full graduate assistantship
Living off campus, on food stamps, and making about $650 monthly
Summer courses not covered by assistantship

23. Julina’s Story GRAND TOTAL $35,625 Emory and Henry O4/05 05/06 06/07
07/08
TOTAL
$2,625
$3,500
$5,500
$17,125
ETSU
08/09
09/10
2010
TOTAL
$4,875
$5,000
$8,625
$18,500
GRAND TOTAL
$35,625

24. Julina’s Story
And now...
Per Month
Minimum
$451

25. Loans: Yes or No MAYBE… How much do you need?
Are there other sources of money?
What type of loan is it?
What is the starting salary for your chosen profession?
How much education are you going to need for your chosen profession?

26. Useful Tips
Educate yourself – read all you can about financial aid; ask lots of questions
Make a written plan; prioritize your efforts; share your plan with your parents and your school counselor
Pay attention to your school counselor
Establish a positive relationship with the financial aid staff
Complete the FAFSA before February 15 each year

27. Useful Tips
Inform financial aid administrators about special circumstances
Don’t throw anything away; keep a file and a phone journal
Study; study; and study
Borrow what you need; not what you want
Ask for help!!

28. What can I be doing now to invest?
Pay attention to your grades!
Be a joiner!
Explore colleges/careers!
Save a little money for senior year!
Talk to your parents about college!

29. If College Is an Investment…
Take yourself seriously as a student
Think about what’s next while in school

30. Each class you take is a 4 month deal between you and your professor.
What classes are worth
EXAMPLE: You go to ETSU and pay in-state prices:
$263 per credit hour
A four (4) credit lab course = $1052
The class meets 48 times (including labs) this semester = $21.92 per class
Each class you take is a 4 month deal between you and your professor.

31. College Professors
Goal of a college professor is to show students what material is worth knowing
Communicate a level of respect
No txt language in
Use a subject line – you are not their only student!
Properly address the professor
Office hours

32. Academic Plan For your academic plan you need:
Degree requirements form in your department
Course catalog
Paper/pencil
Plan ahead – it’s your responsibility
Full time – 12 hours per semester; to graduate in 4 years – 15 hours per semester

33. Academic Plan Four types of college classes: General Education Major
Minor*
Electives

34. Time Management Good study skills and time management: Class
Credit Hours
Campus Hours
Study Time
Estimate of Hours
Total
Math 101 3 6
32 hours
English 101
+social
Biology 101 4 8
+work
History 101
+other
Speech

35. College is NOT the real world
Registrar to help you organize your day/week
Dining services
Housing services
Academic and career advisors
Financial Aid office
Everything you might need all within walking distance