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Remember that the cost of college is more than tuition and fees.

The Office of Federal Student Aid with the U.S. Department of Education has an online budget calculator that you may use as a tool to help you and your student start estimating expenses. To estimate the total cost of tutition, fees, and on-campus housing, your student may wish to use the Bill Estimator that can be found on the UCCS Student Financial Service's website.

 

Remember that there's more to paying for college than working.
While we believe that students benefit from working approximately 10 to 15 hours while going to school full-time, it may not be in the student's best interest to work more than that. As a result, start looking at other ways to pay for college (in addition to work). There are a variety of options to assist your student in paying for college including grants and scholarships (which your student does NOT need to repay), student and parent loans (which DO need to be repaid), and on-campus employment opportunities. To quality for most grants, scholarships, loans, and need-based work-study, your student will need to complete a Free Application for Student Financial Aid (FAFSA). The priority date, at UCCS, for completing the FAFSA is March 1, although students can submit a FAFSA any time of the year. If your student has questions about financial aid, student employment, or scholarships we recommend they call 719-255-3460, or stop by Cragmor Hall 201.

 

Have the talk with your student about credit cards.
While credit cards can be handy and a great way to build credit (if used appropriately), they can also be one of the biggest causes of debt for students. From trying to pay their tuition using credit cards (which typically have a much higher interest rate than a loan) to relying on a credit card when they they're low on cash, credit cards provide convenience to students without always getting them to think through the consequences of using the credit card. The best rule of thumb is to teach your student to charge only what they can afford. If they can't pay off their credit card each month, they probably shouldn't be using it. Credit card companies bank on the fact that students will overspend on their cards, generating high interest rates and late fee charges to increase their profit.

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