Personal Finance: Chapter 5 Section 3- Cash-Flow your College Education

online

Fill out the FAFSA Form: If you turn it in ___________, the process moves faster.

removed

Fill out the FAFSA Form: Make sure you ask that the student loans be ________ from your funding.

fist-come/first-serve

Fill out the FAFSA Form: The FAFSA form needs to be completed each year you are in college. The sooner you turn in the form (January or February) the more likely you are to get financial help because some federal funding is awarded on a ____________, ________________ basis.

FAFSA

Fill out the FAFSA Form: The ___________ is the first step to receiving any kind of financial aid. Whether you are interested in scholarships, grant, loans or other financial aids, you'll need to submit this form.

tax

Fill out the FAFSA Form: You'll need your family's _______ information as you compete the FAFSA.

understand

Plan Ahead: Planning for college involves more than just ACT scores and college applications. You must _____________ how much it is going to cost (including tuition, books, living expenses) and know how you are going to pay for it.

plan

Plan Ahead: You need a _______. Start now. Get help from your parents and school counselor along the way.

transfer

Shop Around: Attending a community college for your first two years is a great way to knock out your freshman and sophomore years at a low cost. If you plan to continue your education after your two-year degree, work closely with your adviser to make sure the classes you take are going to _______________ to your four-year university of choice.

state school

Shop Around: Consider attending a _____________ instead of a private or out-of-state school, which will have much higher tuition. You must "shop" for the best price for your education in the same way you comparison shop on any large purchase. Don't be sold on prestige!

narrow

Shop Around: It's a good ideas to ______ your choices down to six schools or less. During this process, consider each school's degree programs, living expenses and tuition.

more expensive/better quality

Shop Around: Keep in mind that _____________ doesn't always mean ____________. Your future happiness, success and income will have very little to do with the prestige or name recognition of the college you attend.

financial aid

When to Visit the Financial Aid Office: If you get stuck at any point in the process, just stop by your college's ___________ office.

re-evaluated/increased

When to Visit the Financial Aid Office: If your financial situation has changed, a parent has been laid off, or a medical situation has come up, it's important to visit the financial aid office. Your financial aid can be ________ and possibly ______________.

emergency

When to Visit the Financial Aid Office: Talk to a financial aid officer as soon as an ______________ arises. They will offer you advice, encouragement or help.

cash-flowing

Applying for Financial Aid: In order to make the most of ____________ college, you've got to focus on the specifics like filling out your financial paperwork, researching scholarships, and finding part-time work opportunities.

stay in school/stay out of debt

Avoid Student Loans: Remember, you have two goals 1._____________ 2.______________

10 years/interest

Avoid Student Loans: The average repayment period for a student loan is _____________ if you make minimum payment each month. You will pay more __________ if you go beyond 10 years.

reducing

Consider Attending a School Close to Home: Attending a community college or state university that allows you to live at home is a great option for ___________ the cost of living expenses, even if it is only for your first two years of school.

$9,205/$10,462

Consider Attending a School Close to Home: The average cost of room and board in 2012-2013 ranged from ________________ at four-year public schools to _____________ at private schools.

Federal Pell Grant

Explore Grants: Federal and state governments offer grants that are usually need-based. The FAFSA will determine which grants you qualify for. Examples include the _________________ and state-specific grants.

golden/money

Explore Grants: Grants are _____________ and are free ____________.

free money

Get Good Grades: Good grades do more than just get you into the school and career you want. They also help you get _____________! Yes, scholarships go to those who earn them.

money

Get Good Grades: Hard work now can turn into ________ later.

apart

Get Good Grades: Making good grades and scoring well on the ACT or SAT will set you _______ from the crowd.

right now

Get Good Grades: One thing you can do ____________ is get good grades.

scholarships

Research Scholarships: Another form of free money is __________.

social security number

Research Scholarships: Do not give out your _____________ when you apply.

pay

Research Scholarships: You should never _________ to apply for scholarships.

part-time job/on-off

Research Work Opportunities: Get a ______________ or work _____________ campus.

directly/tuition bill

Research Work Opportunities: On-campus jobs may pay you ___________ or pay toward your _____________.

20 hours

Research Work Opportunities: Research shows that students who work up to _________ a week have a the highest grade point averages of any type of student in college because they often develop good time-management skills.

20 hours

Research Work Opportunities: Research shows that working more than ______________ a week may affect your grades negatively.

off campus

Research Work Opportunities: You can find jobs ___________ that offer flexible schedules for students in a variety of roles. These jobs usually pay more than work study.