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Going Places

Going Places. Going Places. EARLY AWARENESS OF HIGHER EDUCATION. www.pheaa.org. Going Places. Why Higher Education?. Higher Education can mean…. 4-year College or University 2-year Community or Junior College Business, Technical and Trade Schools Career Training School. www.pheaa.org.

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Going Places

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  1. Going Places Going Places EARLY AWARENESS OF HIGHER EDUCATION www.pheaa.org

  2. Going Places Why Higher Education? Higher Education can mean…. • 4-year College or University • 2-year Community or Junior College • Business, Technical and Trade Schools • Career Training School www.pheaa.org

  3. Going Places Why Higher Education? More Jobs • About 70% of future jobs will require education beyond high school. • The unemployment rate for higher education graduates is nearly 50% less than high school graduates. www.pheaa.org

  4. Going Places Why Higher Education? More Money • Graduates of Higher Education earn almost 20-50% more than high school graduates. • A high school graduate’s average earnings is around $15,000 while higher education graduates earn $26-40,000. www.pheaa.org

  5. Going Places Why Higher Education? Greater Marketability • Increase your child’s ability to: • Think Abstractly and Critically • Express Thoughts Clearly (written & spoken) • Make More Informed Decisions www.pheaa.org

  6. Going Places Why Higher Education? Better Positioned • Graduates of Higher Education: • Use new technology and adapt to changes • Find employment in a wide range of occupations • Enjoy a higher quality of life www.pheaa.org

  7. Going Places Why Higher Education? What you earn is directly related to what you learn! www.pheaa.org

  8. How to Plan? www.pheaa.org

  9. Why Plan? • About 25% of bachelor degree students did not return for their second year because they were not Academically or Financially prepared. • Most high school seniors expect to obtain a 4-year degree, but only 25% of future jobs will require such a degree. • Expect that over 50% of the jobs in the future do not even exist today. www.pheaa.org

  10. How to Plan? Student Responsibilities: • Going to School everyday • Doing homework • Developing good study habits • Doing well in all subjects www.pheaa.org

  11. How to Plan? Parent Responsibilities: • Getting to know your child's teachers and counselors • Inspecting homework • Providing educational material and experiences • Spending time with your child www.pheaa.org

  12. How to Plan? • The most important thing a student can do to prepare for higher education is to take the right courses and work hard to pass them. • The “core” courses that students need to take are: English, Math, Science, History and Geography. www.pheaa.org

  13. Why Plan? • Tuition, room and board have increased faster than family incomes. • Family income has remained stable while tuition has increased about 45% . • Tuition costs have almost doubled over the past decade and are expected to double again over the next decade. www.pheaa.org

  14. Why Plan? Changing your mind is nothing to worry about… Not planning ahead is! www.pheaa.org

  15. How can we get there? www.pheaa.org

  16. How can we get there? FINANCIAL PLANNING • Assess your financial skills • Have a Vision www.pheaa.org

  17. How can we get there? START SAVING NOW! • Start a savings account for your child’s education and make sure they are aware of it. • Consider saving through the Tuition Account Program (TAP), administered by the Pennsylvania State Treasury, which guarantees that your savings will, at least, keep pace with tuition increases. www.pheaa.org

  18. How can we get there? CAREER AWARENESS • Recognize the increasing need for higher education for success in the new century. • Encourage your child to start thinking early about jobs and what skills and education those jobs will require. www.pheaa.org

  19. How can we get there? CAREER EXPLORATION • Start a journal for your child that lists the pros and cons of different careers. • If possible, make arrangements for your child to visit (“shadow”) with a person that works in the field that your child has expressed interest. www.pheaa.org

  20. How can we get there? Ask your child…. • What careers best match your interests? • What do you expect (want) out of life? • Where can you find the job that matches your interests, skills and abilities? www.pheaa.org

  21. How can we get there? Where is your child going after High School? www.pheaa.org

  22. College Costs Expected to Double Public College Education Private College Education 2001 $47,904 2001 $104,280 2021 $132,486 2021 $288,402

  23. TAP 529: PA’s Tuition Account Program • Programs offered by states that provide families with tax-advantaged way to save for future college expenses. • Guaranteed Savings Plan (GSP) • Investment Plan (IP)

  24. TAP 529: Guaranteed Savings Plan • Each year when tuition increases, your account increases by the same percentage. • When your child is ready for college, your account is worth what you’ve contributed increased by the rate of tuition inflation - per contribution - at your designated level.

  25. Benefits of TAP 529 • Contributions grow tax free • Account may be used at almost any college for almost any higher education expense • Anyone can make contributions • Protects eligibility for financial aid • Withdraw your money at anytime for any reason

  26. An Associate Degree Wage (or salary) A grade A grant (or scholarship); A loan Homework Career 7. Attendance 8. Interests 9. Save 10. College (or university) 11. Learn 12. Family 13. Plan Going Places Answers

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