How Pay For College Without Going Broke

1. College Funding “ The Best Kept Secret in America” How-to-Legally Arrange Your Financial Situation To Pay For College With As Little Out Of Pocket As Possible! Parent’s Workshop

21. Concept of Financial Need Based on a "needs analysis" formula EXAMPLE: Total College Costs $20,000 Expected Family Contribution (EFC) – 8,000 Financial Need $12,000

24. Number in College

25. Sources of Financial Aid

39. PUBLIC vs. PRIVATE COLLEGE

40. Columbia University ---------Cost of Attendance----------- ------------Family Resources------------- Tuition & fees: $32,675 Parent Contribution: $1,763 Room/Board: $11,595 Student Contribution: $ -0- Travel: $ 1,385 Financing / Other Cont: $9,871 Other: $ 2,250 Total Resources: $11,634 Total COA: $47,905 ----------------Summary---------------- Cost of Attendance: $47,905 Total Resources: $11,634 Total Awarded: $36,271 AWARDS TOTAL Columbia University Grant $28,721 Federal College Work Study $ 1,975 Federal Pell Grant $ 550 Federal Perkins Loan $ 1,900 Federal SEOG $ 500 Federal Stafford Loan $ 2,625 **TOTAL** $36,271

41. Emory University EXPENSES Tuition & fees 32,095.00 Living expenses 10,665.00 Books & supplies 1,280.00 Travel 1,305.00 Total expenses 45,345.00 AWARDS & RESOURCES Total Emory College Grant 3,565.00 Federal Stafford Loan 2,625.00 Federal Work-study 1,375.00 Estimated Pell Grant 750.00 Family Share Of Expenses 37,030.00 Total 45,345.00

42. Northwestern University Estimated Expenses Estimated Family Resources Tuition $ 31,105.00 Parental Contribution $ 1,000.00 Room & Board $ 10,465.00 Student’s Savings & Assets $ .00 Books & Supplies $ 1,470.00 Student’s Non-Academic Yr Earnings $ 1,500.00 Personal Expenses $ 2,070.00 Other Resources $ .00 Transportation $ 1,110.00 Total Family Contribution $ 2,500.00 Other $ .00 Total Financial Need $43,720.00 Total Expenses $ 46,220.00 Total Fin. Assistance & Other Resources $43,720.00 University Awards: Federal SEOG (Anticipated) $ 4,000.00 NU Appropriated Grant A058 $29,820.00 Federal Perkins Loan $ 4,000.00 Federal College Work Study $ 2,850.00 Other Awards and Resources Federal Pell Grant (Anticipated) $ 3,050.00 Total Aid Offered: $43,720.00

43. Private Colleges Probability of Receiving Financial Aid

48. Award Letter Example Cost of Attendance: Tuition & Fees 8,940 Room & Board 3,810 Books 390 Personal Expenses 700 Transportation 350 Total Cost of Attendance 14,190 Family Contribution: Expected Family Contribution -3,956 Financial Need 10,234 Financial Aid Offered: XYZ College Grant Freshman 240 Presidential Scholarship 3,800 Girls/Boys State Scholarship 500 Fed. Subsidized Stafford Loan 2,625 Total Financial Aid Offered 7,165 Please indicate acceptance of the above financial aid package: __________I ACCEPT the entire financial aid package as offered. __________I DECLINE the following: