Get Creative with Reviewing Direct Cost and Institutional Options – Applying for Federal Aid

Now that we have covered how Direct Cost are the most important components of the Cost of Attendance to attend college, I would suggest that you complete  the Cost of Attendance from each of the schools you intend to explore. Make sure that you complete the information so that we can compare side by side the direct cost. The Worksheet will allow you the ability to compare and see the differences. I would recommend that you look at the following options when comparing cost of attendance so that you can explore options. Get a cost of attendance for each of he following institution categories:

  1. Community College – commute to and from
    • Tuition & Fees – Direct Cost
    • Books & Supplies – Direct Cost
    • Travel – Direct Cost
  2. Private or Public University – commute to and from
    • Tuition & Fees – Direct Cost
    • Books & Supplies – Direct Cost
    • Travel – Direct Cost
  3. Private, Public University – live on campus
    • Tuition & Fees – Direct Cost
    • Books & Supplies – Direct Cost
    • Travel – Direct Cost
    • Room and Board – Direct Cost
  4. Community College – live on campus
    • Tuition & Fees – Direct Cost
    • Books & Supplies – Direct Cost
    • Travel – Direct Cost
    • Room and Board – Direct Cost

We will use this comparison as a starting point and compare it to the potential financial aid that you may qualify to get from your state and the federal government. It is important to note that until we do a complete comparison of the direct cost and get an assessment of the financial aid you receive that your options may not be as clearly defined as you think.

There is a real possibility that you could go to a Private University where direct cost may be higher and be able to finance it with having to pay little to nothing out of your pocket. So get to work on reaching out to your local colleges and universities that you are considering to get the information needed. We will continue our journey in the upcoming weeks learning about Federal Title IV Financial Aid and how it works.