Planning for the Cost of College Answers

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1
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Kirk wants to attend a four-year college. Which cost factors does Kirk need to research for the out-of-state school he wants to attend? Check all that apply.

A
tuition
B
living expenses
C
local movies and restaurants
D
books & lab fees
E
transportation costs to and from college
4

Explain three steps an eighth grader should take to create a college savings plan if she is interested in attending a two-year job training program.

Answer:

An eighth grader should first set a savings goal by researching how much a two-year job training program might cost. Next, she should open a savings account and regularly save money from allowances or part-time jobs. Finally, she should look for grants and scholarships and talk with a parent or guardian

5

Check all that you included in your response.

A
Determine the total expected cost for a two-year program
B
Set a savings goal.
C
Determine the number and amount of periodic deposits.
6

Tara wants to attend a four-year college to become a math teacher. Which statements explain the possible differences in total yearly cost for attending a public college in state and public college out of state? Check all that apply.

A
A public college out of state will have fewer transportation costs than a public college in state.
B
A public in-state college charges less for in-state tuition than for out-of-state tuition.
C
Books and fees will generally cost more at a private college than a public college.
D
Tara will most likely have to pay room and board expenses at an out-of-state public college, but might be able to commute to a public college in state.
E
All the extra fees besides tuition are different for in-state and out-of-state public colleges.
8

Tara and her parents want to save at least $40,000 for college in 8 years. Which statement describes the most effective savings plan for Tara and her parents to meet their goal?

A
Tara and her parents should make deposits of $300 every month into a college savings account.
B
Tara and her parents should make deposits of $450 every month into a college savings account.
C
Tara and her parents should make deposits of $3,000 every year into a college savings account.
D
Tara and her parents should make deposits of $4,000 every year into a college savings account.
10

Check all that you included in your response.

A
Tara should consider colleges with lower expected total costs.
B
She should consider living at home to avoid room and board costs.
C
She should create a savings plan.
D
She should maximize scholarship potential.
11

Kirk wants to attend a four-year college. Which cost factors does Kirk need to research for the out-of-state school he wants to attend? Check all that apply.

A
tuition
B
living expenses
C
local movies and restaurants
D
books & lab fees
E
transportation costs to and from college
12

Question text not available

Answers:
Selection 1:$38,580
Selection 2:$116,320
16

Tara wants to attend a four-year college to become a math teacher. Which statements explain the possible differences in total yearly cost for attending a public college in state and public college out of state? Check all that apply.

A
A public college out of state will have fewer transportation costs than a public college in state.
B
A public in-state college charges less for in-state tuition than for out-of-state tuition.
C
Books and fees will generally cost more at a private college than a public college.
D
Tara will most likely have to pay room and board expenses at an out-of-state public college, but might be able to commute to a public college in state.
E
All the extra fees besides tuition are different for in-state and out-of-state public colleges.
19

Tara and her parents want to save at least $40,000 for college in 8 years. Which statement describes the most effective savings plan for Tara and her parents to meet their goal?

A
Tara and her parents should make deposits of $300 every month into a college savings account.
B
Tara and her parents should make deposits of $450 every month into a college savings account.
C
Tara and her parents should make deposits of $3,000 every year into a college savings account.
D
Tara and her parents should make deposits of $4,000 every year into a college savings account.

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