Cost of College

Front

What is a loan?

Back

Money borrowed which must be repaid, usually with interest.

Front

What are the main components of college expenses?

Back

Tuition, Room & Board, Books & Supplies, Transportation.

Front

How do you calculate the total cost of attending college for one year?

Back

Add up all estimated expenses for tuition, room & board, books & supplies, and transportation.

Front

What is a grant?

Back

A type of financial aid (free money), usually given by the government based on the student's need.

Front

What is the total cost for 4 years if college costs $20,900 per year?

Back

$83,600.

Front

What is the total cost for 4 years if college costs $43,100 per year?

Back

$172,400.

Front

What is financial aid?

Back

Money provided to students to help pay for college, which can include loans, grants, and scholarships.

Front

What is the difference between a loan and a grant?

Back

A loan must be repaid with interest, while a grant is free money that does not need to be repaid.

Front

What is tuition?

Back

The fee charged by colleges for instruction and classes.

Front

What is room and board?

Back

The cost of housing and meals while attending college.