College Prep 2018-01-04T11:24:42+00:00

Project Description

Money Smart Teen Topic

College Prep

Talk to a local Kansas City Expert

Educational Opportunity Center – 816-604-4400 – The Educational Opportunity Center assists high school students and adults who are pursuing GED/HiSet or college/post-secondary education programs. Free services include: academic advising, college planning & selection, career counseling, financial aid & scholarship application assistance, defaulted student loan resolution counseling, and HiSet/GED referral & placement.

Planning For College:

Studentaid.ed.gov is a great national overall resource for understanding what is involved in planning for college. The below are direct links to different areas within the StudentAid.ed.gov site that will help in making a plan for college.

  • Better Money Habits – Learn all you can need about college, how to pay for it, what different loans are, and more in a fun, creative way.
  • Hands on Banking – Learn about reaching your goals of going to college and how to get there while enjoying the experience.

Local Resources

Access a complete listing of Kansas City scholarships.

The Following sites also have Local Scholarship Information

KC Degrees

KC Degrees supports adults in the Kansas City region to earn a college degree or high quality certificate. KC Degrees provides adults in-person, phone, and online advisement to help navigate the process to return and finish college. To get started complete the online intake form (https://www.tfaforms.com/444821).  For questions, visit KC Degrees (www.kcdegrees.org) or call toll free 844-872-6009.

KC Scholars

“The Kauffman Foundation is committed to supporting post-secondary achievement and opportunities fKC Scholarsor low-
and modest-income students. Since 1988, the Foundation has provided college scholarships and support services to 3,900 students. With the help of more than 70 community members, the Foundation has made the strategic decision to launch a new scholarship and college savings program for young students and adults” – Kansas City Scholars. Learn about the new KC Scholars program that helps thousands of students a year through:

Talk to an Expert

Educational Opportunity Center – 816-604-4400 – The Educational Opportunity Center assists high school students and adults who are pursuing GED/HiSet or college/post-secondary education programs. Free services include: academic advising, college planning & selection, career counseling, financial aid & scholarship application assistance, defaulted student loan resolution counseling, and HiSet/GED referral & placement.

National Resources

National scholarships can be found at sites such as:

Types of Financial Aid and Loans

All Titles are also links to websites where you will find more information.

Loans

Money that you borrow and must be paid back with interest. Loans can be provided through federal or private means, including schools, financial institutions and other private sources. Federal loans tend to have lower interest rates and a larger array of repayment options.

Federal Loans

Direct Subsidized

Loan that does not accrue interest during enrollment for undergrad students based on financial need

Direct Unsubsidized

Loan for undergrad, grad and professional students

Direct PLUS

Loan for grad and professional students and parents of dependent undergrads to pay for costs above and beyond financial aid

Direct Consolidation

Loan that enables borrowers to combine federal student loans into one single loan

Perkins

School-based loan for undergrad and grad students with extreme financial need that does not accrue interest during students’ enrollment

Grant/Scholarship

A gift of money that does not need to be repaid and is available from multiple sources such as schools, employers, individuals, private companies, nonprofits, communities, religious groups, and professional and social organizations. Grants are typically need-based and scholarships are usually merit-based. Find types of scholarships available, how to find and apply for them and more through the Federal Student Aid site. Visit the U.S. Department of Labor’s Scholarship Finder for available scholarships.

Pell Grant

A federal grant that does not have to be repaid and typically given to undergrad students without a bachelor’s or professional degree, up to $5,730/year

Work-Study

A part-time job available to students that helps to pay for education expenses, typically based on financial need and related to the student’s course of study Learn more about work-study options, earnings and more through Federal Student Aid.

Military Tuition

Monetary support for active-duty service members pursuing higher education

GI Bill

Education benefits that do not have to be repaid for service members and veterans to cover tuition and fees, monthly living funds and a book stipend

Tools for Paying for College

All Titles are also links to websites where you will hind more information.

Federal Loan Comparison PDF

Learn about current limits per loan

Free Application for Federal Student Aid (FAFSA)

Explore how to complete and file the FAFSA

FinAid

Look for ways to finance your education, including information about scholarships, loans, savings, military aid and more

Financial Aid Finder

Find scholarships, loans and how to save for college, as well as tips for completing the necessary forms

Consumer Financial Protection Bureau (CFPB) College Cost Comparison Tool

Find out the financial impact of schools of your choice and where to find costs if you don’t have financial aid

CFPB Financial Aid Shopping Sheet

Know how much you’ll owe in advance

CFPB Paying for College Action Guide – PDF

Tips for finding a loan that’s right for you

Big Future

Explore how to apply for financial aid, a breakdown of college expenses and available scholarships and loans

Federal Student Aid Eligibility

Learn about exploring careers, the types of financial aid available, how to qualify and apply for aid, as well as how to manage a student loan

College Saving/529 Plan

Find out the differences between pre-paid plans and college savings plans and associated fees and restrictions.

MOST

Missouri’s 529 College Savings Plan

Learning Quest

Kansas’ 529 Education Savings Program

529  Plan Finder

Student Loan Repayment and Debt Assistance

All Titles are also links to websites where you will hind more information.

Student Debt

Get key information about financial aid for students including financial tips and managing loan debt.

Student Loan Help

Access student loan assistance through free, one-on-one counseling and find out which federal aid programs for which you qualify.

Student Loan Borrower Assistance

Learn about the programs and legal options available to assist with student loan debt.

American Student Assistance

Plan for college, find sources of financial aid and get access loan repayment tools.

Federal Student Aid

Change your repayment plan, connect with your loan servicer and learn about plan options, including those tied to income.

CFPB Know Your Options Tool

Access advice for optimizing how to pay off student loans based on your situation.

Federal Student Aid Deferment Resources

Learn about what happens during deferment, who is eligible and how to request one.

Federal Student Aid Forbearance Resources

Find out how to request forbearance and how it affects your loan.

Student Loan Complaint

After submitting a complaint online or by phone (855) 411-2372), the CFPB will help to get a response from your loan provider. Available in English and Spanish language.

The Cost Of College

College Board, a student support organization, published tuition fees for the school year 2014-2015 at state colleges averaged $9,139 for state residents and $22,958 for everyone else. The average of private non-profit colleges was $31,231.

The cheapest options of all, was a public-sector two-year colleges – also known as a community college, technical or city college. The average fee for this type of college for the 2014-15 school year was just $3,347. Some students complete their full degree by taking the first two years of their degree at a two-year college earning an Associate’s degree. This counts as the first half of a bachelor’s degree, which can then be completed by transferring to a university for an additional two or three years.

College Board estimates the following annual budgets for undergraduate students in 2016-17, when transportation and other living expenses are factored in:

  • $17,000 (community college)
  • $24,610 (in-state students at a four-year public college)
  • $39,890 (out-of-state students at a four-year public college)
  • $49,320 (private non-profit four-year college)

It’s worth remembering that there are significant variation in tuition fees at the most prestigious public universities, fees may be just as high as those in the private sector.

Understanding the Value of a Degree

Knowing what a career/job pays is a great way to determine the value of a college degree. Payscale.com will show you the starting, median and ending salaries that you can expect for any job.

Saving For College

You need to talk to your parent or guardian about college and starting a savings plan for your future. University of Kansas (AEDI Program) research studies show that by saving just $500 for college you are six times more likely to complete your college degree.

College Savings Programs

Missouri – MOST Plan

Kansas – Learning Quest Plan

  • Benefits
  • UGIFT – What is Ugift?  Ugift® Is a program that lets family, friends, church members, neighbors, etc. contribute to your 529 account. Contributions are through an easy-to-use online system or print coupons. It’s the perfect opportunity to encourage others to help you achieve your dream of a college education.
  • K.I.D.S. Matching Grant

College Choice 101 Video – This 5 ½ minute video will help develop a perspective and framework for making this important decision.

College 101 Infographic – Forecast your financial aid with the FAFSA4caster calculator, use a calculator to estimate the size of your monthly loan payment and the annual salary required to manage that payment and more.

College Planning Guide – Get tips and tools to plan for college from kindergarten to senior year.

How To Get Into College – A list starting in middle school through high school of things you can do during school that will help you prepare for college and a career.

Is College Worth It? Calculator – Determine your rate of return for a college education.

College Preparation Playlist – This 1 ½ minute video shares a quick look at preparing for college.

Estimating your child’s cost of college – This short video is a fun and easy to understand look at how to realistically look at college costs.

This is just the beginning!

Visit Our Main College/Career Prep Topic for more Resource.

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Saving For College Videos

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