WHAT IS INCLUDED IN A

COLLEGE COST?
COLLEGE COST INCLUDES:

1) Tuition & Fee 2) Room & Board

COLLEGE COST INCLUDES:

3) Books & Supplies 4) Personal Expenses

COLLEGE COST INCLUDES:

5) Transportation
COLLEGE COST:

/Vanderbilt University/
HAVE YOU HEARD OF A
“NET PRICE”?
NET PRICE vs STICKER PRICE
NET PRICE
ALL ABOUT FINANCIAL AID
APPLICATION
DOES IT INFLUENCES OUR
ADMISSION?
 ADMISSION TYPES

NEED-BLIND NEED-AWARE
TYPES OF AID:
● GRANTS
○ Gift aids
○ Based on the student’s financial circumstances

● SCHOLARSHIPS
○ Gift aids
○ Based on the student’s merit

● WORK-STUDY
○ Part-time jobs

● LOANS
○ An action of borrowing money and paying it back with interest
WHAT IS A FINANCIAL AID &
WHO GIVES IT?
FOUR MAIN SOURCES:
- Federal government
- State governments
- Colleges and universities
- Private organizations
DOCUMENTS:
- CSS Profile
- IDOC
- Business/Farm supplement
- Non-tax filer statement

- School specific documents

- ISFAA
- COF
- Custodial parents
SMART TIPS...
BE SURE TO MEET THE PRIORITY DEADLINE!

/Vanderbilt University/
MAKE A SPREADSHEET ON THE REQUIREMENTS &
DEADLINES
USE NET PRICE CALCULATOR TO SELECT
COLLEGES
ASK A PROFESSIONAL
FINANCIAL AID WILL ALWAYS BE THE NO.1
WHEN YOUR FINANCIAL AID
AWARD ISN’T ENOUGH...
1) CONTACT THE FINANCIAL AID OFFICE
a) What are my options for receiving more aid?
b) How can I find scholarships to help pay for college?
c) Can I talk to someone at the college about finding part-time work?
d) Do you have any advice about getting a private loan?
2) FILE AN APPEAL
a) Significant change in your family business
b) Drop in income
c) Unexpected medical expense
d) etc
3) DON’T BE SHY