Name:______________________________ Block #_____Day
Name:______________________________ Block #_____Day ______
College Costs:
Make sure you answer all of the questions below.
How much will it cost you to attend college?
1. What is the difference between a savings account and a checking account?
______________________________________________________________________________________________________________________________________________________________________________________________________________________________
2. If you saved 50 dollars a month for three years for a college savings fund at the very least how much would you have at the end of the three years?
____________________________________________________________________________________________________________________________________________________
3. What kind of money can goes towards college that you never have to repay back and is ultimately “free”?
__________________________________________________________________________
4. What is the difference between a subsidized and unsubsidized school loan?
______________________________________________________________________________________________________________________________________________________________________________________________________________________________
5. What is the difference average lifetime earnings between a non-high school graduate and a professional degree graduate?
__________________________________________________________________________
For 2013-2014 how much did it cost to attend a private college? ______________________
How much did it cost to attend a state university? __________________________________
What is the expected college increase rate each year? _______________________________
6. Go to and click on For Students.
Then click on Pay for college
Then under the tools section on that page click on Calculators.
Then click College cost calculator
Then select the type of school you plan on going to, number of years, and its average yearly cost from the drop list.
__________________________________________________________________________
Fill in:
The expected years of attendance_______________________________________________
The percent of costs you plan to cover in savings___________________________________
Then select the amount of years you have until college______________________________
Then click calculate. What is the total cost of your college degree?
__________________________________________________________________________
“Did you know that people with a college degree earn over 80% more on average than those with a high school diploma? Over a lifetime, the gap in earnings potential between a high school diploma and a 4-year degree is more than a million dollars.”
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