1. 107 Mountain Brook Drive, STE 108 Canton, GA 30115 678-901-4167 greg@griffith-werner.com Griffith & Werner, Inc. Your Presenter: Greg Phelps THE ART OF COLLEGE COST PLANNING

2. LEARNING FROM THE SCHOOL OF HARD KNOCKS NOW YOU GET TO HEAR MY AWESOME STORY GREG PHELPS

3. It's Expensive No Matter Where Your Children Go! It’s Not Just Tuition - Books, It’s Not Just Tuition - Books, Room and Board, Living Expenses, etc. 4 Years Can Easily Cost 4 Years Can Easily Cost $60,000 to $200,000...or More! Multiply by the Number of Multiply by the Number ofKids! Keeps Going Up Every Year! Keeps Going Up Every Year! Average Cost of a Private Average Cost of a Private College/University is College/University is Approximately $35,000 per Approximately $35,000 perYear. Average Cost of a Public Average Cost of a Public College/University is College/University is Approximately $15,000 per Year. Year. Costs Have Historically Costs Have Historically Risen at Three Times the Risen at Three Times the Rate of Inflation. Rate of Inflation.

4. Actual College Costs Including Tuition, Fees and Room and Board only, for the2014-2015 school yr. The University of Georgia $21,880.00 Georgia Tech $21,828 Kennesaw State $17,381 Reinhardt College $27,196 Emory University $57,768 Berry College $41,190 SCHOOL COST

5. College Choice: UGA Years to Attend 2014-2015 1 st Year College Costs: $21,880 (Tuition Room & Board, Fees) Wardrobe, Transportation, Books, Insurance, Medical, Personal, Etc. $ 5,000.00 1 st Year Total $26,880 Total Cost of 4 year Education $107,520.00 (add 7% annual cost increases) State Schools increased an average of 6.8% for 2007-2008 and Private Schools 6.3%. Up 35% in the past 5 years, according to USA TODAY 10/24/2006 Education Expense Estimate

6. Getting Ready for College Step 1. Doing the Research (Sophomore-Junior Yr.) God Others Resource Materials Step 2. Narrowing the Choices (1st Semester Jr. Yr.) College Comparison Websites Step 3. Visiting the Campus (As soon as possible)

7. Step 4. Applying for College (Think Thanksgiving Jr. Yr.) ****BE AWARE OF Deadlines*** Application Parts *Transcript *SAT and ACT Scores *Essay *Student Profile *Recommendations *Application Fee

8. 1) What are the Main Differences Between Them? 2) How Important is it to do Well on a Board Exam? 3) What Scores are Likely Required to Gain Admission to a Top Tier Program? OR Board Exams: SAT vs. ACT:

9. Types of Admissions Deferred Admission Early Admission Early Decision Regular Admission Rolling Admission

10. Step 5 – Financial Aid Students should assume the responsibility for their financial aid search. Two General Kinds of Financial Aid 1. Merit-Based Aid 2. Need-Based Aid

11. The Fiction 1. My Income is too High. 2. My Child did not Win a National Merit Scholarship. 3. If My Child does not Qualify for Need Based Aid, There’s No Hope. 4. I Own a Nice Home. 5. School People can Help. 6. It’s a Simple, Easy and Fair Process. The Fact Vs. The Fiction: Who Is Eligible For Financial Aid? The Facts 1. Middle & Upper Middle Income Class Kids can Qualify. 2. Need Based Aid Based on Income, Assets, Number of Kids, etc. 3. There are Millions of Dollars of Aid for Kids with Academic, Artistic & Athletic Talent. 4. FAFSA form doesn’t ask for Home Equity, but the Profile form does. 5. Colleges are Businesses & are Concerned about their own Enrollment & Finances 6. Many Believe it’s not Simple, Easy or Fair. or Fair.

12. COA – EFC = Financial Need COA Stands for Cost of Attendance. (Includes Tuition, Books, Room/Board, Incidentals & “Ask-identals”) EFC Stands for Expected Family Contribution (Based on Parents’ and Student's Income, Assets, Ages, Number of People in School.). Financial Need is how much Aid your Family is Eligible to Receive. How Do They Determine If I'm Eligible? MY GOAL: TO SHOW YOU HOW TO OBTAIN THE MAXIMUM AID PACKAGE ALLOWABLE

13. How To Get More Need- Based Aid For College! It is a Two Step Process. 1) Lower Your EFC We Can Show You How To Re-Arrange Your Affairs To Get More Money By Learning The Legally Established Rules! 2) Find the Schools Which Will Provide You with the Most FREE Money.

14. Step 1: Example Of A Family That Took Control! (hypothetical) Family Before: Adj. Gross Income: $75,000 Non-Assessed Investments*: $0 Assessed Investments: $120,000 Number in Family: 4 Number in School: 1 EFC = $20,467 Family After: Adj. Gross Income: $75,000 Non-Assessed Investments*: $70,400 Assessed Investments: $49,600 Number in Family: 4 Number in School: 1 EFC = $10,646 Family Qualifies for up to $9,821 more in Financial Aid per Year, or almost $40,000 over a 4 Year Span because They took the Time to Understand the Process, Learned what They had to do...and TOOK ACTION! *Non-Assessed Investments are not counted in the DOE formula for EFC calculation. See FAFSA

15. Emory: Cost - $57,768 EFC - $5,000 Need - $52,768 Emory: Meets 100% of need. Reinhardt: Cost - $27,196 EFC - $5,000 Need - $22,196 Reinhardt: Meets only 58% of need = $12,873 ($9,323 short!) What You Actually Pay at Each School: (hypothetical) Emory: Total Cost - $57,768 School Provides $52,768 Cost to Parents = $5,000 Reinhardt: Total Cost - $27,196 School Provides $12,873 EFC - $5,000 + Unmet Need $9,323 = Cost to Parents = $14,323 Step 2: It’s All Packaging!

16. Types Of Aid GRANTS SCHOLARSHIPS LOANS WORK/STUDY Sources Of Aid ENDOWMENT FUNDS ENDOWMENT FUNDS GOVERNMENT GOVERNMENT OUTSIDE SOURCES OUTSIDE SOURCES SEE HOW PRESIDENT OBAMA’S STIMULUS PLAN FOR EDUCATION CAN HELP YOU!

17. How Much Aid Is Available? College Board 2008-2009 Undergraduate Student Aid by Source (in Billions), 2007-2008

18. State Financial Aid GEORGIA SCHOLARSHIPS HOPE Scholarship Robert C. Byrd Honors Scholarship Charles McDaniel Teacher Scholarship Georgia's HERO Scholarship Program REACH Scholarship Zell Miller Scholarship GRANTS Georgia's HOPE Grant Program Georgia Tuition Equalization Grant Program Accel Program Law Enforcement Personnel Dependents Grant Public Safety Memorial Grant North Georgia College & State University ROTC Grant Georgia HOPE GED Grant Georgia's LEAP

19. 1. The FAFSA Form MUST be Filed to Receive Any Federal Aid, Even to Get Low Interest Gov’t Loans. 2. The CSS (College Scholarship Services) Profile Form is Required by most Prestigious Programs. 3. School’s May Have Their Own Institutional Forms. 4. More Forms Required for Certain Families: Business/Farm Supplement. Divorced/Separated Agreement. How Do You Apply For Aid?

20. Applying for Federal Student Aid 1. Collect your financial information. 2. Complete the FAFSA online at www.fafsa.ed.gov 3. Review your Student Aid Report (SAR) -- “Financial Aid Package” including your Expected Family Contribution (EFC). 4. Submissions -- beginning January 1, 2015.

21. FAFSA Filing Service: “Created in 1992 to simplify applying for financial aid, it has become so intimidating – with more than 100 questions – that critics say it scares off the very families most in need, preventing some teenagers from going to college.” NYTimes 2/22/2009

22. Other Sources of Financial Aid Specific Colleges or Universities – Deadlines vary! Free Internet Searches www.fastweb.comwww.fastweb.com and www.collegeboard.comwww.collegeboard.com Businesses and Companies Organizations & Associations Go to College Fairs & Guidance Resources and ask a lot of questions!

23. Proper Budgeting IRA Coverdale IRA 529 plans Pre-paid College Life Insurance Staying at home indefinitely Other Things to Consider

24. 70% of CLEP test-takers said their CLEP credits made a difference in their ability to finance tuition and other fees. What is Clep?

25. Dual Enrollment/Dual Credit courses are primarily available for any eligible 11th or 12th grade (in some limited cases 9th-10th) high school students. They may enroll full-time or part-time in approved credit-bearing college- level courses by the State Board of Education. Courses may be taken before, dur­ing or after regular school hours, on the college campus, on-line or at the high school during the regular school calendar year. What is Dual Credit?

26. Gives Your Student an Edge to Ensure He/She Graduates College in 4 Years or Less. Assists Your Student in Choosing a Major or Field of Study. Professional Resume Builder to Help Your Student get the Best Job after College. Job Search and Salary Calculator College and Career Planning Assessment Tool