1. CHAPTER 7

2.  One advantage of a college educations is it enables you to be a well rounded person  Academic Degree- is an award given to a person by a college or other school  Associate degree takes 2 years  Bachelor’s degree takes 4 years  Master’s degree take 1-2 years after your bachelors

3.  Highschool graduate- $30,400  Some college- $36,800  Associate’s degree- $38,200  Bachelor’s degree- $52,200  Master’s degree- $62,300  Doctoral degree-$89,400  Professional degree- $109,600

4.  Two year schools  Community college- offers academic or occupational programs, credits usually transfer to a 4 year college  Proprietary school-privately owned institutions, offer various programs and degrees, check to see if these credits will transfer to a 4 year college

5.  Trade schools- focus more on skills than academics, sometimes called vocational schools or career and technical colleges. Credits here usually don’t transfer to a 4 year college  Most branches of the US Armed forces offer the chance to earn tuition  ROTC(Reserve Officers’ Training Corps)- military program on many college campuses that provide leadership training for commissioned officers.

6.  You’ll need to create a financial plan for paying for your education  529 plan- savings plan for education, generally operated by a state or college. You will be penalized if you use the money invested in 529 plan for anything other than education expenses

7.  Grant- usually provided by a nonprofit organization (government) does not have to be repaid  Scholarship- may be based on financial need or some other type of merit or accomplishment.  Work study programs- usually part-time jobs on campus  Need-based awards-available for some students, typically student must show financial needs

8.  Lifelong learning- acquiring new skills and knowledge throughout your life  Professional development- improving or gaining new skills related to work  Mentor- is someone who has knowledge and skills and shares them with you  Seminar- meeting or conference for exchanging ideas or learning new things