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Question of the Day

Paying for College #2

What are some financial

questions you should answer

BEFORE you go to college?

www.ngpf.org Last updated: 10/23/17

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  1. What do you want to get out of college?
  2. How much will college cost, bottom line?
  3. How much federal financial aid can your family really expect?
  4. Are any financial aid offers you receive good for all four years?
  5. How much debt can you realistically manage?
  6. Should your parents contribute, and if so, how much?
  7. What about community college?
  8. Any other ways to cut costs?
  9. How can we know if this expensive education will pay off?
  10. What will I do if I have trouble repaying my debt?

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Follow Up Questions

  1. Do you think there are any essential questions that are missing from this list?

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  • Which question(s) do you have an answer for? Which one(s) do you still need to figure out?

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  • Which of these questions do you think is most difficult for students and their families to answer? Why?

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  • How could NOT knowing these answers before going to college impact a student and his/her family?

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  • What steps would you recommend to a friend who is hesitant to answer all of these questions due to lack of time, lack of data and/or knowledge, or lack of family support?

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