College Financing Information for Teens, Fourth Edition

Description

Provides information for Teens about planning, saving, and paying for post-secondary education, with facts about government aid, private loans and scholarships, and other sources of financial assistance. Includes index and resource information

Sujets

• Collège
• College
• Financial plan
• Teen
• Young Adult Nonfiction
• Personal Finance

Informations

• Publié par: Infobase Publishing
• Date de parution: 01 mai 2022
• Nombre de lectures: 0
• EAN13: 9780780819306
• Langue: English
• Poids de l'ouvrage: 2 Mo

Extrait

Teen Finance Series
COLLEGE FINANCING INFORMATION FOR TEENS FOURTH EDITION
Teen Finance Series
COLLEGE FINANCING INFORMATION FOR TEENS FOURTH EDITION
Tips for Managing College Financial Needs
Including Facts about Planning, Saving, and Paying for Postsecondary Education Along with Information about College Savings Plans, Grants, Loans, Scholarships, and More

An imprint of Infobase
Bibliographic Note
Because this page cannot legibly accommodate all the copyright notices, the Bibliographic Note portion of the Preface constitutes an extension of the copyright notice.
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OMNIGRAPHICS
An imprint of Infobase
132 W. 31st
New York, NY 10001
www.infobase.com
James Chambers, Editorial Director
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Copyright © 2022 Infobase
ISBN 978-0-7808-1929-0
E-ISBN 978-0-7808-1930-6

Library of Congress Cataloging-in-Publication Data
Names: Hayes, Kevin (Writer on finance), editor.
Title: College financing information for teens: tips for a successful financial life / edited by Kevin Hayes.
Description: Fourth edition. | Series: Teen finance series | Includes index. | Audience: Ages 13 | Audience: Grades 7-9 | Summary: “Provides tips for teens about planning, saving, and paying for post-secondary education, with facts about earning money; creating a budget, savings, and investments; banking, financial aid, military service, and benefits; and other sources of financial assistance. Includes index and resource information”-- Provided by publisher.
Identifiers: LCCN 2021061118 (print) | LCCN 2021061119 (ebook) | ISBN 9780780819290 (library binding) | ISBN 9780780819306 (ebook)
Subjects: LCSH: College costs--United States--Juvenile literature. | Student aid--United States--Juvenile literature. | Finance, Personal--United States--Juvenile literature.
Classification: LCC LB2342.C63316 2022 (print) | LCC LB2342 (ebook) | DDC 378.3/8--dc23
LC record available at https://lccn.loc.gov/2021061118
LC ebook record available at https://lccn.loc.gov/2021061119
Electronic or mechanical reproduction, including photography, recording, or any other information storage and retrieval system for the purpose of resale is strictly prohibited without permission in writing from the publisher.
The information in this publication was compiled from the sources cited and from other sources considered reliable. While every possible effort has been made to ensure reliability, the publisher will not assume liability for damages caused by inaccuracies in the data, and makes no warranty, express or implied, on the accuracy of the information contained herein.

This book is printed on acid-free paper meeting the ANSI Z39.48 Standard. The infinity symbol that appears above indicates that the paper in this book meets that standard.
Printed in the United States
TABLE OF CONTENTS
Preface
Part 1 | Preparing for College
Chapter 1—Assessing Yourself and Your Future
Chapter 2—Deciding on Postsecondary Educational Options
Chapter 3—Getting Ready for College
Chapter 4—Taking College Preparatory Courses
Chapter 5—Importance of Extracurricular Activities
Chapter 6—Taking Standardized Tests
Part 2 | Your Role as an Education Consumer
Chapter 7—The Value of Education
Chapter 8—Understanding College Costs
Chapter 9—Price of Attending an Undergraduate Institution
Chapter 10—Traditional College Options
Chapter 11—Online Education and Massive Open Online Course
Chapter 12—Searching for a College
Chapter 13—Choosing a College
Chapter 14—Study Abroad
Chapter 15—College Degree Scams
Part 3 | Saving for College
Chapter 16—Ways to Save for College
Chapter 17—Budgeting
Chapter 18—Section 529 Plans
Chapter 19—Coverdell Education Savings Accounts
Chapter 20—Understanding the Expected Family Contribution
Chapter 21—Working during College
Chapter 22—Summer Employment: A Snapshot of Teen Workers
Chapter 23—Apprenticeship and Internship
Chapter 24—Ways to Make Money Online
Part 4 | Financial Aid and the Federal Government
Chapter 25—An Overview of Federal Aid for Students
Chapter 26—Applying for Federal Student Aid
Chapter 27—Accepting and Receiving Aid
Chapter 28—Federal Pell Grants
Chapter 29—Federal Supplemental Educational Opportunity Grant
Chapter 30—Iraq and Afghanistan Service Grants
Chapter 31—TEACH Grants
Chapter 32—The Federal Work-Study Program
Chapter 33—Federal Student Loans
Chapter 34—Federal versus Private Loans
Chapter 35—Subsidized and Unsubsidized Loans and Entrance Counseling
Chapter 36—Repaying Federal Student Loans
Chapter 37—Deferring (Postponing) Repayment of Federal Student Loans
Chapter 38—Loan Cancellation (Forgiveness) of Federal Student Loans
Chapter 39—Loan Servicers
Chapter 40—Education Tax Credits
Chapter 41—Choosing a Loan That Is Right for You
Chapter 42—Student Loan Consolidation
Chapter 43—Avoiding Loan Default
Chapter 44—Knowing about Loan Collection Agency
Chapter 45—Getting Out of Loan Default
Chapter 46—Things Students Need to Know during COVID-19
Part 5 | Other Sources of Financial Aid
Chapter 47—Finding and Applying for a Scholarship
Chapter 48—The Nurse Corps Scholarship Program
Chapter 49—The National Health Service Corps Scholarship
Chapter 50—College-Bound Athletes
Chapter 51—College Funding for Students with Disabilities
Chapter 52—Americorps Education Awards
Chapter 53—Military Service and Education Benefits
Chapter 54—How to Avoid Scholarship and Financial Aid Scams
Part 6 | If You Need More Help or Information
Chapter 55—Directory of Financial Aid Resources
Chapter 56—Directory of State Higher-Education Agencies
Index
PREFACE
About This Book
The costs associated with pursuing a college degree continue to put increasing financial strain on students and their families across the country. According to figures from the federal government’s National Center for Education Statistics 2019–20, prices for undergraduate tuition and fees at public institutions rose 25.5 percent, and prices at private nonprofit institutions rose 53.2 percent, after adjustment for inflation. As a result, parents and students are experiencing sticker shock like never before when adding up all of the costs associated with higher education. While there are a number of financial options available to students such as grants, private and public loans, and scholarships many teens are feeling overwhelmed by the idea of going to college. The entire process, from taking the right tests in high school to making sure one gets enough financial aid, can be confusing.
College Financing Information for Teens, Fourth Edition provides information about planning, paying, and deciding on the vast option available in postsecondary education. It explains college costs and describes practical steps middle- and high- school students can take to begin to prepare themselves for meeting future challenges. It discusses the process of choosing among different types of colleges and online education and describes the procedures involved in applying for and receiving federal financial aid. A separate section discusses alternative sources of aid, including scholarships, institutional grants, private loans, and aid associated with community service, military service, and athletic pursuits. The book concludes with directories of resources for additional information.
How to Use This Book
This book is divided into parts and chapters. Parts focus on broad areas of interest; chapters are devoted to single topics within a part.
Part 1: Preparing for College addresses middle- and high-school students to decide on their postsecondary education. It explains the benefits of self-assessment and the importance of extracurricular activities, and the key steps to getting ready for college, such as college preparatory courses of standardized tests one needs to take when applying for college admission.
Part 2: Your Role as an Education Consumer discusses the value of education in the current world. This part helps understand the expenses of attending an undergraduate institution exploring other options such as online education and traditional college. It also provides information on studying abroad, ways to search and choose a college, along with details on college degree scams.
Part 3: Saving for College provides wide information on managing finances such as budgeting, making money online, working during college, and apprenticeship. It also discusses the Section 529 plans and Coverdell education savings accounts (ESA).
Part 4: Financial Aid and the Federal Government talks about applying and accepting federal aid along with information on various types of Grants such as Federal Pell Grants, TEACH Grants, Iraq and Afghanistan Service Grants, and Federal Supplemental Educational Opportunities Grant. It also discusses federal student loans, private loans, subsidized and unsubsidized loans, education tax credits, and avoiding loan default.
Part 5: Other Sources of Financial Aid describes various scholarships and benefits such as nursing scholarship programs, National Health Service Corps Scholarship, military services that are available for students, along with Americorps Education Awards, College-Bound Athletes, and how to avoid scholarship and financial aid scams.
Part 6: If You Need More Help or Information offers a directory of financial aid resources, including state higher-education agencies.
Bibliographic Note
This volume contains documents and excerpts from publications issued by the following U.S. government agencies: AmeriCorps; Apprenticeship.gov; Benefits.gov; Bureau of Health Workforce (BHW); Consumer Financial Protection Bureau (CFPB); EducationUSA; Federal Student Aid; Federal Trade Commission (FTC); Health Resources and Services Administration (HRSA); Internal Revenue Service (IRS) National Center for Education Statistics (NCES); U.S. Bureau of Labor Statistics (BLS); U.S. Department of Education (ED); U.S. Department of Veterans Aff