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27 August, 22:03

Fill out the table below by listing the three main costs associated with higher education

and describing three financial aid options for college

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  1. 27 August, 23:34
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    The three main costs associated with college are:

    Tuition: this is by far the biggest cost. Tuition has been rising in recent decades, mainly due to increases in administrative costs in the universities.

    Room and Board: the average cost for this item is $9,000 a year. Many students find this very expensive. However, some live with parents, or at cheaper locations, and avoid this cost.

    Textbooks and supplies: this is a far lower cost than the two above, but it is still important, and in many cases unavoidable, since many courses do not have their material available for free in physical format, or on the internet.

    The three main types of financial aid for college are: federal aid, state aid, and institutional aid.

    Federal and state aid are essentially the same: they are usually grants or loans at very low interest rates.

    Institutional aid is issued by the colleges themselves, and are usually based on merit: the best students obtain this aid.
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