In the latest installment from our Education and Enrichment Ministry, Deacon John Wilson takes a realistic look at Fall 2017 college costs for your and your family.
Now that you have filed your youth’s FAFSA for Fall 2017-Spring 2018, you’re now anxiously waiting to hear what financial aid offers your youth will receive. There are some very accurate generalities you can make, however, about what you will pay for College for Fall 2017. This is based on taking a closer look at certain colleges’ known financial aid policies, and 10 years of our financial aid experience.
NOTE: These costs are estimated, but the amounts will be close enough to give you a general understanding of the “out-of-pocket” cost of college before you get the financial aid awards from colleges in late March thru April 2017:
- California State University (CSU) – Generally, parents who make more than $60,000 will pay $12,000 to $17,500 per year for their youth to be ON CAMPUS at CSU. As you will see, this is WAY BELOW the cost of nearly all private colleges. The $5,500 cost variation for CSU is due to the wide variations in on-campus costs among CSUs and the family’s number of dependents (2-4). In contrast, it’s only about $1,200 to $1,500 per year to commute to a “local” CSU if your youth takes the Direct Student Loan of $5,500 for the first year.
- University of California (UC) – Generally, parents who make between $60,000 and $90,000 and have up to 4 dependents on their 2015 tax return will pay $6,000 to $14,000 per year for UC, unless a merit reward is received. As we move above the $100,000 family income level, UC gets closer and closer to the $18,000 to $24,000 net direct (out of pocket) cost per year (NOTE: When the family income is below $45,000 and up to $54,00, families will pay $0 to $6,000 for CSU or UC out of pocket).
- Private Colleges – The cost here really depends on which private college your youth attends. Those which are the most well-known and popular with parents and youth (including Private Black Colleges – also called “HBCUs”), will cost $23,000 to $55,000 per year for families making more than $70,000 per year. Even families making under $40,000 could expect to pay $12,0000 to $20,000 per year. This could be lowered by Merit Awards about $10,000 per year if your youth meets the university’s merit levels for GPA and SAT.
In conclusion, if:
- your youth has a 3.0 unweighted GPA, and his or her SAT Scores are 1020 and above,
- you and your youth are willing to look at other schools that are less expensive than the schools mentioned above and
- you are great at helping to prepare youth for a great future and career –
then call us today at the West Angeles Education and Enrichment Program for more information: 323-733-8300 ext. 2629.
Deacon John Wilson is Director of West Angeles Church of God In Christ’s Education and Enrichment Ministry (EEM). EEM is provided in accordance with the Urban Initiatives of the Church Of God In Christ (COGIC) International, through the leadership of Presiding Bishop, Charles E. Blake, Sr. To find out more about the various programs and services provided, please click HERE.
Hear what parents have to say about the West Angeles Education & Enrichment Ministry in the testimonial video below –