1 / 17

How to make the most out our your educational investment

How to make the most out our your educational investment. School of Social Work. Things you should know. Cost of Attendance How to apply Free Application for Federal Student Aid (FAFSA)

henry-bernard
Download Presentation

How to make the most out our your educational investment

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How to make the most out our your educational investment School of Social Work

  2. Things you should know • Cost of Attendance How to apply Free Application for Federal Student Aid (FAFSA) FAFSA determines what you are expected to contribute and gives consideration for spouses and dependents in the calculation

  3. Things you should know • Expenses covered: • Tuition and mandatory fees • Books supplies • Living expenses for the student only • Prohibited by federal regulations to cover expenses associated with spouses or dependents.

  4. Things you should know • Living expenses for the student only

  5. Shopping with $300.00 per month

  6. Total: $215.46

  7. Borrow Wisely Develop a Budget based on your fixed expenses: • Housing • Food • Consumer Debt • Savings TIP: Have a budget… and borrow less.

  8. Borrow Wisely • Average Stafford and Grad PLUS Loan Debt of the May 2011 Graduates • $62,009 • Smallest amount borrowed - $ 5,000 • Largest amount borrowed - $ 151,098 # of graduates without any debt - 65

  9. Borrow Wisely • Sample Monthly Loan Repayment

  10. The Future 10 year repayment BLS Salary Figures 2010

  11. The Future 25 year repayment BLS Salary Figures 2010

  12. What is the typical 1st purchase made after graduation?

  13. New Car Prices Prices via cars.com for Baltimore, MD Rates via national averages, Capital One via mybanktracker.com on 8/6/2012. 60-month rate: 3.7%, 72-month rate: 4.25% Note: Monthly payment covers the auto loan only. Does not include insurance, fuel or maintenance costs.

  14. New Car Prices Prices via cars.com for Baltimore, MD Rates via national averages, Capital One via mybanktracker.com on 8/6/2012. 60-month rate: 3.7%, 72-month rate: 4.25% Note: Monthly payment covers the auto loan only. Does not include insurance, fuel or maintenance costs.

  15. Contact Information • Student Financial Assistance & Education • 601 W. Lombard Street, Suite 221 HS/HSL • 410-706-7347 • Donald Smith - Director • dwsmith@umaryland.edu • Financial Education and Wellness Tisa Silver-Canady – Assistant Director FEWTalk@umaryland.edu • Website for Budget Worksheet http://www.umaryland.edu/fin/BudgetingSavingsTips

More Related