Serena - CCC Plan
Back to sample financing plans charts
- Student: Serena
- Status: 18 and single (dependent on parents)
- Housing: at home with parents
- Parent income: $40,000
- Estimates assume full-time enrollment (12 units/semester)
(A) 2010-11
CCC cost of attendance
(living at home with parents):
|
$10,675 | ||||
|
(B) Grant assistance total: (from a variety of sources: federal, state, and college) Serena should qualify for a CCC Board of Governors Fee Waiver, and a Federal Pell Grant. |
$5,124 | ||||
|
(A-B) Net Cost to Family: The Net Cost is the amount that Serena's family must pay after need-based grants are taken into account. |
=$5,551 | ||||
|
Managing the Net Cost Parents and students work together to cover the Net Cost using tools provided by the college, including parent and student educational loans, and part-time work. The Net Cost is not due all at once. Many costs, such as living expenses, are incurred over time. Serena will be living at home with her parents while she attends college allowing her to reduce her costs. What follows is a sample of how Serena's family might cover her net cost. |
|||||
|
Serena's Parents Combination of current earnings, savings or a parent loan: CCC would suggest that Serena's parents meet the expected contribution of $1,071 for the year by completely providing the cost of Serena's food and housing. |
$1,071 |
||||
|
Serena Student part-time work during academic year: Student educational loans: Savings from summer jobs: Serena will also be asked to contribute $4,480 through working part-time during the academic year or taking out student loans if absolutely necessary. She can reduce the amount she needs to work or borrow if she receives scholarship aid. Serena may qualify for a Cal Grant A which she could use to pay tuition and fees if she transfers to a four year college. (Note: Many, but not all, community colleges participate in the federal loan programs). |
$3,360 $1,120 |
||||
See Serena's CSU Plan
See Serena's UC Plan
See Serena's Independent Mid-range Plan
See Serena's Independent High-range Plan
