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Session 5

8:30-9:10 AM

E110

Lowering the cost of college while in High School

Intended audience: grades 9-12

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LOWERING THE COST OF COLLEGE

Eric Feigum

Eric.Feigum@ahschools.us

763.506.8551

@coachfeigum

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COLLEGE PAYS, BUT AT WHAT COST?

  • $32,012 Average MN undergrad student loan debt. Minnesota ranks 5th in the nation for highest average student loan debt

  • 64% The percentage of MN students with debt

  • $194,280 Debt of the average medical student graduating from a public medical school

  • $1,600,000,000,000 Total amount of student loan debt. $380 billion is owned by people over age 50

Sources: www.projectonstudentdebt.org; American Medical Association; Consumer Financial Protection Bureau

CBSNews.com (8.6.13)

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AGENDA

  1. How much does college cost? Price and value.

  • Tips to lower the cost of college:
  • Location and type
  • FAFSA
  • Earning college credits in high school
  • Scholarships

  • Final Thoughts

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THE COST OF COLLEGE

2022/2023 Tuition and Fees

MN Private 4-Year $38,141

University of MN $15,142*

State University $ 8,859

State College $ 5,710

Room & Board, etc.

Additional Up to $15,000

Source: MN Office of Higher Education

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Tip #1: Location and type of school matter.

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Going to College Out of State?

  • In-State vs Out-of State Tuition

    • MN has reciprocity with ND, SD, WI, the province of Manitoba and Iowa Lakes Community College.

  • Public vs Private

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Tip #2: Complete the FAFSA

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Remember, you may not have to pay full price.

Group 1 Schools - Highly Selective

Meet 100% of financial “need”

Group 2 Schools - Selective

Focus on merit-based financial aid

Group 3 Schools

Government sponsored, need-based financial aid

Where you apply matters! Build your application list wisely.

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Tip #3: Earn college credit in high school

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EARNING COLLEGE CREDITS IN HIGH SCHOOL

Advanced Placement Courses

College level courses that require students to work at a high, rigorous level and complete additional outside work/reading outside of class. AP classes can prepare you for the college experience. Students need to pass the AP exam in order to receive the credit. Each college has their own process for determining how/if a score is credit barring.

PSEO

A program that allows 10th, 11th, and 12th grade students to earn both high school and college credit while still in high school. Students take classes at the college. Their grade is counted on their college transcript as well as their high school transcript.

Articulated Credit

Earn Technical or Community College credits for courses completed in high school.

10, 11, 12 grades. These classes occur at STEP and in our local high schools.

Link to more information: https://ctecreditmn.com/articulated-college-credit.php

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EARNING COLLEGE CREDITS IN HIGH SCHOOL

Bilingual/Multilingual Seals

Minnesota has a system to reward students for proficiency in one or more languages. Students will have a notation entered on their transcript to reflect proficiency in multiple languages and college credit can be earned by students in grades 10, 11 and 12.

Link for more information https://www.ahschools.us/Page/42346

Concurrent Enrollment at Andover

Through partnerships with the University of Minnesota (CIS), Anoka Ramsey Community College, and St. Cloud State University, Andover High School offers college credit courses. Courses are taught during the regular school day by high school instructors who are selected and supported by university faculty. The courses are identical to the college's on-campus courses.

Potential courses include: CIS through U of MN for math; S2S through SCSU for math; concurrent through Anoka Ramsey for a speech class

Families should use the Registration Guide provided by Andover HS Counseling Department for more information.

NOCTI Test

NOCTI is the leading provider of industry credentials and resources for career and technical education (CTE) programs across the nation. NOCTI credentials measure the skills needed by the future workforce. Students gain confidence in their skills and educators can validate learning and enhance the credibility of their programs.

Link for more information https://www.nocti.org/

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Tip #4: Apply for scholarships

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SCHOLARSHIPS

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Summary

  1. Choose the appropriate location & apply to the right types of college
  2. Complete the FAFSA
  3. Earn college credit while in high school
  4. Apply for scholarships

And…

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Thank you.

Eric Feigum

College and Career Specialist, Andover High School

Eric.Feigum@ahschools.us

763-506-8551