(Sticker Price) - (Scholarships + Grants) = Net Price

How do you calculate net price for college?

Personal Finance: Paying for College Quiz Review

Sticker Price: The cost of college
Net Price: How much you&#039;re paying for college
Grants &amp; Scholarships: Financial Aid you are gifted

What is the relationship between sticker price, net price, and grants and scholarships?

Grants &amp; Scholarships &gt; Work-Study &gt; Federal Loans &gt; Private Loans

Order the different ways of paying for college from most to least attractive.

- higher education
- higher paying job
- connect with different people

Explain the value of a college education.

- Having to pay for info
- Having to give personal info

What are the signs of a scholarship scam.

Subsidized: Interest is covered
Unsubsidized: Have to pay back loan amount AND interest

What is the difference between subsidized and unsubsidized student loans?

- Pay off as much interest as possible while in college

How to minimize student loan debt and repay responsibly?

Limit your borrowing to what you expect to earn as a starting salary when you graduate from college and avoid private student loans

What is the rule of thumb when it comes to how much student loan debt to take on?

- Call the financial aid office, explain the situation, and ask them to review the material again
- Take out a federal Direct PLUS Loan
- Apply for scholarships or grants from other organizations besides the college

What are your options if your family&#039;s EFC is higher than you can afford to contribute?

Study with Quizlet and memorize flashcards containing terms like How do you calculate net price for college?, What is the relationship between sticker price, net price, and grants and scholarships?, Order the different ways of paying for college from most to least attractive. and more.

Personal Finance: Paying for College Quiz Review Flashcards

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