College Costs
What do college application fees range from?
$35-90
What are the two types of federal student loans?
Direct unsubsidized loans and direct subsidized loans.
Who's more likely to receive a scholarship from FASFA, someone who's parents make $35,000/yr or $150,000/yr?
$35,000
Can an internship lead to a full time job?
Many internships can lead to full-time offers if you perform well, especially if the company is looking to hire new graduates!
What's the most common negative spending habit from college students?
Dining out excessively
Which costs more, or are they equal? Room/Board or tuition.
These college costs tend to be equal in expense.
Are there different types of financial aid? If so, what are they?
Yes. Federal grants, federal student loans, and federal work study.
How do I apply for scholarships?
To apply for financial aid, you’ll need to fill out the FAFSA, which decides your financial need and eligibility for federal aid. Other scholarships are also available for the college itself.
What's the effect of building relationships and networking on internships?
Many internships aren't advertised publicly, and employers often rely on referrals from people they trust!
Out of these three options, which would help reduce negative spending for college students: Having multiple unused subscriptions, have a weekly budget, or never using dining points?
Having a weekly budget can help decrease negative spending habits.
What is average tuition cost in the United States?
What is the average amount of student loan debt per graduate in the United States?
$30,000
What's the difference between grants and loans?
Grants are financial awards that don’t need to be repaid. Loans, on the other hand, are borrowed money that must be paid back.
Creating a portfolio after your internship/s can help with what after college?
Getting a job!
What's the difference between essential vs non-essentials?
Essentials can be textbooks, food, transportation, and housing. Avoid non-essential purchases like clothing, gadgets, or dining out too often.
What is the difference between in-state tuition vs. out-of-state tuition?
In-state tuition is typically lower for students who live in the state where the college is located, while out-of-state tuition is higher for students who come from other states.
What if I can’t find a job after graduation to pay off my student loans?
If you’re struggling to find a job or pay off your student loans, you may be eligible for deferment, forbearance, or an income-driven repayment plan.
Do public schools or private schools provide larger Merit-based scholarships?
Private schools offer larger Merit-based because they are not state funded.
How would I dress for an internship?
Dress code varies by industry. In professional fields like finance or law, business attire is typical. In more casual industries like tech or creative fields, business casual is often acceptable.
What are the top three best student discounts?
Amazon Prime(%50 off), Spotify Premium (%50), Apple (10% off), and don't forget local businesses close to your college!
Scenario: You're going to college in the fall and you haven't felt the need to apply to any scholarships. After calculating the yearly cost including everything you could think of, it came to a whopping $40,000. What should you do?
Apply to as many scholarships as possible and prepare other ways to be able to pay this yearly bill.
Scenario: You are business major who did not receive any scholarships. You have acquired a mean amount of debt on just your sophomore year of college and are wondering how to continue paying your tuition. Out of the aid options (Federal grants, federal student loans, and federal work study.) Which would be the worst option?
Federal student loans would put you further in debt, choosing something like work study may be time consuming but would decrease overall amount of debt.
How does your scholarship get applied to your college costs?
The $ amount of the scholarship is deducted from your total and applied directly through the school.
What do I need to apply for an internship?
Typically, you will need an updated resume, a tailored cover letter, and possibly a portfolio.
Scenario: Your weekly budget is $150. You and your friends have been out partying for the third night in a row and they're peer pressuring you to make it four. You have $28 dollars left in your budget but you need to buy yourself groceries tomorrow and still have extra money. Do you go out drinking or stay home tonight?
Stay home! You've already gone out for three nights in a row, do some homework and try and save some money.