Paying for college involves numerous concepts and terms like Pell Grants, FAFSA, and 529s. Misunderstandings are common, making the financial aspect daunting. A clear understanding of costs helps in navigating this complex process.
A six-week newsletter course is available to guide you through college costs and financial aid. The course offers expert advice on saving, negotiating aid packages, and understanding federal financial aid changes. Before diving into the course, test your knowledge on various topics related to college costs.
Test Your Knowledge
- What’s the average published in-state tuition and fees for a public university?
- Which level of study accounts for about half of federal student loan borrowing?
- Can you differentiate between the sticker price and net price?
- Do you know the interest rates on federal student loans?
- What’s the average grant aid amount received by undergraduates?
- What are the uses of a 529 college savings plan?
- Identify one major difference between federal and private loans.
- How much can parents borrow from the federal government for each child?
- How many colleges offer free tuition?
- What is the median repayment time for federal student loans?
- Can you withdraw from your Individual Retirement Account for education without a penalty?
- How many applicants have benefited from the Public Service Loan Forgiveness program?
Your results might suggest a need for further study, highlighting the benefit of engaging with our newsletter content.
The story involves reporting by Danielle Douglas-Gabriel, illustrated by Elizabeth Sanduvete, and edited by Chastity Pratt, Courtney Kan, Stephanie Hays, and Amy Parlapiano. This comprehensive guide aims to demystify the costs of college. From student loans to scholarships and saving tips, the newsletter provides expert guidance in navigating the challenges of funding higher education. Sign up here.
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