1. Reality Bytes for Parents Getting Ready for College Early Presented by the Michigan Student Financial Aid Association Revised 8/2003

2. Reality Bytes for parents Getting Ready for College Early

3. What is “College”? zPublic and private four-year Colleges and universities zTwo-year community or junior colleges zBusiness schools zProprietary schools (programs such as truck driving and cosmetology) zVocational-technical schools

4. Keep Your Options Open zDoes that mean your child needs to know now, what they want to do “when they grow up”?

5. Then, why think about college now? zCollege can be the key to the kind of life you want for your child zIt gives your child choices in -  The kind of jobs they can choose  How much money they will make  Ways they can help others

6. There’s money if you need it zEvery student can afford to go to college. zEvery student is eligible for some kind of financial aid.

7. Steps to getting you and your child ready for college

8. Step 1: Helping make the decision zResearch career options -  Talk to your children about their dreams  Help your children to  identify several career options  find the educational requirements for their career interests  talk with people about their interests (job shadowing)  find articles about their career interests

9. Step 1: Helping make the decision zImportance of college -  Better utilize technology  Choose careers based on interests  More career options  Increase earning potential  Opportunity to make better decisions

10. Education Pays….Unemployment rate by education level for 2001

11. Step 1:Helping to make the decision zChoose the type of “college” -  Four-year college (university or college offering a bachelor’s degree or above)  Two-year college (community or junior college offering a training program, certificate, or associates degree to include transfer options)  Technical Schools (skill centers and other schools offering occupational programs)

12. Reality Byte: zYou can encourage your child to research career options Changing their mind about a career choice is okay, Failing to plan ahead is not. For More Information: www.mycareereducation.org www.mois.org

13. Step 2:Getting Ready zYou, your children and their school are working together to prepare them for a good life after graduation zTaking the right courses for their future starts NOW! zHelp them get the most out of high school - encourage challenging courses EACH YEAR zMeet with your children and their counselor to help them plan

14. Step 2:Getting Ready zConsider this -  Research shows that if students take challenging courses that make them think, they are more likely to go on to college  These courses can also help them get into college

15. Step 2:Getting Ready Recommended high school curriculum for a four-year college zEnglish4 years zMathematics3-4 years zSocial Studies3-4 years zScience3-4 years

16. Step 2:Getting Ready Recommended high school courses for community college or vocational/trade school: zEnglish grammar and composition zKeyboarding or typing zBusiness math, accounting, marketing zBasic science

17. Step 2:Getting Ready zMany colleges require additional courses in -  Foreign Language  Fine & Performing Arts  Computer Science

18. Step 2: Getting Ready zCollege credit while in high school -  Advanced Placement (AP) - college level courses offered by the high school  Articulation - occupational courses in H.S. or career centers that “transfer” to some college programs  Dual Enrollment - taking college courses while in H.S. that may apply to both the H.S. degree and the college degree

19. Step 2: Getting Ready zCollege entrance exams -  Encourage your child to take the ACT or SAT in their Junior or Senior year  www.act.com  www.collegeboard.org

20. Step 2: Getting Ready  Encourage them to take the MEAP seriously!  With a qualifying score, they can receive a Michigan Merit Award  Up to $500 earned in 7th and 8 th grade*  $2500 earned in high school*  www.MeritAward.state.mi.us *Check the Web site for current funding policy

21. Reality Byte: zCourse selection: Easy is not always best - Many times a student will choose based on what is fun and easy. It’s up to you to encourage the challenging choices throughout high school.

22. Step 3: Planning ahead zWhat Does College Cost?  College is probably not as expensive as you think  However, parents and students need to begin saving NOW!  Tuition, fees and books are only part of the cost. Additional expenses include housing, transportation, food, clothes, entertainment, etc.

23. Step 3: Planning ahead Public 2-Year (37%) $1,735 Private 2 and 4 Year (23%) $18,273 Public 4-Year (40%) $4,081 HOW MUCH DOES COLLEGE COST? Average tuition and fees, 2002-2003, and percentage of college students at each type of school.

24. Reality Byte: zDon’t eliminate any college because of cost - Even the most expensive college may be affordable after you look at all your options.

25. Step 4: Paying for college zWhat you and your child can do -  Save  Use Federal income-tax credits  Use Student Financial Aid  Gift Aid - grants and scholarships that do not have to be paid back  Work Aid - a job during college to earn money  Loan Aid - money for college that must be paid back

26. Step 4: Paying for college zHow financial need is determined - Cost of Education - Expected Family Contribution Financial Need

27. Step 4: Paying for college zOther sources -  Military service scholarships (full-time and part-time service)  Americorps, community service program  Civic groups and organizations, foundations and businesses  Web services

28. Step 4: Paying for college zCautions - nScholarship Scams nCompiling debt nExcessive student loans nCredit cards

29. Reality Byte: zIt’s all about choices - Boat, cars, snowmobiles, pools or…. COLLEGE for your son or daughter You make the choices!

30. Reality Byte - Final You can change college from a dream into a reality, so… Make planning for college part of your child’s daily life. Think College Early!