Day 34

Lesson Objectives

  • Develop a plan to attend college without acquiring debt.
  • Demonstrate how to apply for financial aid.

Assignment 5.3.1

  1. Watch Video 3.1
  2. As you watch the video, record the missing words from pages 110-111 of the textbook as they pop up on the left side of the video screen by filling in this form.  (pages 110-111) .
  3. Discussion Questions:
    1. What does it mean to cash-flow your college education?
    2. What are things you can and should be doing right now in order to cash-flow your post-high school education?
  4. Watch Video 3.2
  5. As you watch the video, record the missing words from pages 112-114 of the textbook as they pop up on the left side of the video screen by filling in this form.  (pages 112-114) .
  6. Discussion Questions:
    1. Why is it important to fill out the FAFSA (Free Application for Federal Student Aid) even though you are not going to take out student loans?
    2. What are grants?
    3. What are some reasons you may need to visit your financial aid office?
    4. Will working through college mean that you cannot focus on being a good student?
    5. What does living on a zero-based budget have to do with cash-flowing your college education?
    6. What are your two main goals while you are in college?
    7. In what ways can you save money by attending a college close to home?

Assignment 5.3.2

  1. Make a copy of this document, rename it as College Expenses-(Your Initials), and move it into your Chapter 5 folder.
  2. Read the directions at the top of the document and complete the task as assigned.

Assignment 5.3.3

  1. In your Personal Finance Journal-C5 file in your Chapter 5 folder, complete the next two rows in the table by answering the question listed.