Summer Orientation, Advising, & Registration (SOAR) Piedmont Virginia Community College

1. The Financially Savvy College Student Summer Orientation, Advising, & Registration (SOAR) Piedmont Virginia Community College Dr. Todd Parks www.pvcc.edu/personal-finance

2. Cost of attendance In-state resident Tuition $4,650 (15 credit hours x 2) Books and supplies $1,800 Other fees $140 (15 credit hours x 2) $6,590 Estimated living expenses $6,920 Other expenses $4,500 $18,010 Out-of-state resident Tuition $9,948 (15 credit hours x 2) Books and supplies $1,800 Other fees $770 (15 credit hours x 2) $12,518 Estimated living expenses $6,920 Other expenses $4,500 $23,938

3. Payment deadlines

4. Do you have a plan to pay college expenses? • Financial Aid Office helps students submit the Free Application for Federal Student Aid (FAFSA). • Students may pay tuition and fees in monthly installments for a small fee. • Career Services helps students find jobs, including on-campus positions. • The Educational Foundation awards more than 100 scholarships each year. • Academic Support Services facilitate personal finance workshops. • Academic Advising helps students create an academic plan. • Student Success Office helps students overcome barriers to completion. • Academic coaches and tutors help students succeed academically, minimizing setbacks and reducing time-to-degree.

5. Financial aid

6. Financial aid • Financial Aid Office • M136 Main Building • May 14 – August 3 • Monday through Thursday: 8 a.m. – 5:30 p.m. • Friday: 8 a.m. – 11:30 a.m. • FAFSA workshops • May 26 • June 23 • July 28 • Available aid • Federal and state grants • Federal Work Study (FWS) • Subsidized student loans • Unsubsidized student loans

7. Student loan repayment Limit loans to 1x expected earnings

8. The financially savvy college student Most college students dropout for financial reasons. Love your life, not your classmates! Create a budget. Use an app or envelopes to keeps tabs on spending. Live below your means. Avoid debt! Do not fall prey to credit cards. Use cash, not debit. Use debit, not credit.

9. Simple budget • Income • Financial Aid • Wages • Expenses • Tuition and fees • Books and supplies • Housing • Dining • Health • Phone • Transportation • Insurance • Other

10. 12 tips from real college students Live at home Get a roommate and cut your housing and utility expenses in half! Carpool or use public transportation Cook your own meals and pack a lunch Shop for used textbooks (BUY THE RIGHT BOOK) Big box stores sell school supplies at a discount in August Shop consignment stores Seek out free entertainment on-campus in the Charlottesville area Join a student club Workout on campus Take advantage of student discounts Pay your bills on time

11. Real life scenario • Grocery list • 1/5 lb. deli meat $1.80 • 2 slices whole wheat bread $0.21 • 1 slice cheese $0.26 • 1 apple $0.40 • 2 oz. carrots $0.21 • 1 oz. snack crackers $0.14 • $11.58 - $3.18 = $8.40 x 3 x 16 = $403/semester or $806/year

12. Personal finance goals • Create a budget • Set aside an emergency fund • Make a commitment. For example, I will commit to doing __________ to improve my financial situation. • Get an accountability partner • Check out www.pvcc.edu/personal-finance for more information