Understanding the True Cost of College Attendance

What does 'cost of attendance' mean?

• The maximum amount of money a college costs to attend for one year

• The amount of money a student spends on personal expenses

• The amount of money a student spends on textbooks

• The amount of money a student spends on transportation

Which of the following is a direct cost included in the cost of attendance?

• Transportation

• Textbooks

• Dorm furnishings

• Meal plans

What is the average published yearly tuition and fees for a private four-year college (2022-23)?

• $3,860

• $39,400

• $10,940

• $28,240

What type of financial aid does not need to be repaid?

• None of the above

• Work-study

• Grants and scholarships

• Loans

What is the net price of attending a college?

• The amount of money spent on personal expenses

• The published tuition cost

• The cost of attendance minus any grants and scholarships

• The total cost of textbooks and supplies

Which of the following is an indirect expense?

• Tuition

• Fees

• Housing

• Transportation

What is the purpose of institutional health insurance in college?

• To cover the cost of textbooks

• To cover the cost of transportation

• To provide health coverage for students

• To cover the cost of meal plans

What is the average published yearly tuition and fees for a public four-year college (in-state students) in 2022-23?

• $3,860

• $10,940

• $39,400

• $28,240

What is the main benefit of understanding the cost of attendance?

• To estimate the cost of transportation

• To prepare for out-of-pocket costs after financial aid is applied

• To determine the cost of personal expenses

• To know the exact amount of money spent on textbooks

Which of the following is NOT a form of financial aid?

• Scholarships

• Grants

• Personal savings

• Loans