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TRANSCRIPT
The Old Plan
Apply for FREE Aid FAFSA – Jan. 1, 2014
Apply for Scholarships
Five-for-five
Attend any college that accepts me as long as I can leave home
You Are Getting Ready To Make a Major Investment
$150,000 +
The New Plan
Reduce the Cost: Research & Make Good Decisions
Position Yourself To Receive Money
Save Money by Speeding up the Process
Reducing the Cost
Illinois State University
• $27,270
• Most students have to borrow loans
• Pell $5500
• MAP $4000
• FSEOG $4000
• FCWS $2500
• = $16000
• Need Additional 12K/15K
University of Illinois (Urbana Champaign)
• $29,594
• Most students have to borrow loans
Rates calculated include tuition, fees, room, board, books, and meal plan.
Reducing the Cost: Attend The Right College
Highly Selective
Institution
Better $$$
Higher Completion
Rate Higher
Employment & Grad School
Rate
College Search Resources www.schoolsondemand.com
Schools On
Demand
College Search Resources www.colleges.usnews.rankingsandreviews.com
Education Colleges
Community College vs. Four-year
“Ironically Community Colleges are higher education’s best deal and truly a hidden GEM. Community colleges are cheaper than
your more prestigious colleges, and they provide the best teaching because faculty are hired based on how well they can
teach. Faculty at your major universities tend to be hired based on how many research dollars they can bring in.” Marty Nemko,
PhD and Higher Education President Consultant
Community College vs. Four-year
South Suburban College (1st year Gen Ed)
• $3,800
VS.
Northern Illinois University (1st year Gen Ed)
• $28,342
Pitfalls to Avoid Have a Plan and Avoid Development Courses
Complete College America http://www.completecollege.org
DON’T TAKE DEVELOPMENTAL COURSES!
College Rankings
and Pitfalls
Position Yourself for College Acceptance and Money
College Admission & Full-Ride $$$
Strong Self Concept or Confidence
Realistic Self Appraisal
– and +
Availability of a Strong Support Person
Successful Leadership Experience
Community Service
Long-Range Goals
Knowledge Acquired in the Field
Speed up the process
1. Take 15 Credit Hours Per Semester
2. Take summer courses
3. Plan to graduate in three years
instead of four or eight
4. CLEP out of Courses
What is CLEP? The College Level Examination Program (CLEP) offers 33 exams in five subject areas, covering material taught in courses that you may generally take in your first two years of college. By passing a CLEP exam, you can earn 3 to 12 college credits.
Time is Money: Example Course
English 101 Texas A&M-C
University
$792.04 Tuition
$120 Textbooks
15 Week
Paris Junior College
$468 Tuition
$120 Textbooks
15 Weeks
CLEP
$80 Exam Fee
$10 Study Guide
120 Minutes
*Tuition and textbook amounts are from institutions’ websites.
Other Ways of Paying for College: Crowdfunding
It gives students an alternate way to get money when they can’t get the loans, they can’t get the federal help, the parents don’t have the money--they turn to crowd funding where they have a chance to make money and they don’t have those student loans to pay back later.
Other Ways of Paying for College: Crowdfunding
Learn More About Money
Cashcourse http://www.cashcourse.org/home.aspx http://www.higherone.com/oneforyourmoney/ https://www.mint.com/what-is-mint/ http://www.bankrate.com http://www.cicmoney101.org http://www.spendster.org http://www.jumpstart.org https://www.mygreatlakes.org/borrower/fiq/home.html http://www.mymoney.gov/Pages/default.aspx
Family Centered Educational Agency
Chicago, Illinois [email protected]
Thank You for Your Time Dr. Jonathan McKenzie