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Ahorrando para la UniversidadSesin de EducacinPrimavera 2015 1El rol de ND ahorrando para la Universidad2No somos:Somos:Consejeros financierosVender productos financierosCampeones de College Socios en el Private College 529 Plan Educar a nuestros constituyentes en varios vehculos de ahorro disponibles y en los beneficios de ahorrar para la educacin universitaria No tratamos de:Tratamos de:Nosotros, en la Universidad de Notre Dame2$1 Hace la diferenciaMs propensos a inscribirse y atender una institucin post-secundariaNios en familias de bajos y medianos ingresos ahorrando desde $1 en la universidad son:34Pueden estar mejor preparados acadmicamente debido al temprano compromiso y a los logros en la universidadSource: CSD Publication No. 13-09, Elliot, Song, NamMs propensos a graduarse de una institucin post-secundariaxsxs3Obviously, small dollar amounts do not make a huge difference in students actual college financing, but they help students see themselves as people who go to college. Opening an account and designating some of that money for college turns college into an important and possible goal. Research has shown that assets may affect the entire family. When families save money for college, it may reinforce a college-bound identity. When parents save for their childrens education, the presence of these resources may increase expectations it influences parents interactions with their children and helps shape childrens academic behaviors.

"savings first provide people with opportunities to hope, plan, and dream about the future for themselves and their children" In this way, assets precede expectations, and assets and expectations together effect educational outcomes.

3Educacin & Entrenamiento de PagoTasa de desempleo en el 2013Media de Ingresos en el 2013Ttulo ProfesionalMenos que secundariaSecundariaAlguna educacin superior Diplomado/ Ttulo tcnicoTtulo de BachillerMastersDoctorado2.3%2.2%3.4%4.0%5.4%7.0%7.5%11%$89,128$84,396$69,108$57,616$40,404$37,804$33,852$24,544Note: Earnings for year-round full-time workers 25 years and over; unemployment rate for those 25 and overSource: Bureau of the Census; Bureau of Labor Statistics4Lifetime Earnings in Millions Diff. From HS Graduate Less than High School $ 1.3$ (0.4) High School Degree $ 1.7 $ - Some College, No Degree $ 1.8 $ 0.1 Associate Degree $ 1.9 $ 0.2 Bachelor's Degree $ 2.6 $ 0.9 Master's Degree $ 3.0 $ 1.3 Doctorate Degree $ 3.3 $ 1.6 Professional Degree $ 3.8 $ 2.2 4Beneficios potencial de atender una universidadPara el individuo:5College will give you Intellectual benefits:You will be exposed to exciting new ideas and areas of studyYou will get to pick your own classes, including subjects and time of dayYou will increase your skills in reading, writing, math and analysisYou will have opportunities to work alongside professors who are doing cutting-edge researchYou will have the opportunity to increase your knowledge of the world, of different cultures and your own, and about career options

Developmentally you will:Become more mature and independent because you will have complete responsibility for your own academic careerYou can live in a dormitory or an apartmentYou can make lots of new friendsYou will be exposed to a vast array of cultures, philosophies and ways of lifeYou will experience a wide variety of student activities, including the opportunity to tutor, mentor and study in another countryYou will develop skills for successfully transitioning to adulthood and the world of work

Financially you will benefit as well:You will be exposed to career and life experiences through internships and fellowshipsYou will increase your earning capacity a 4-year college graduate earns almost $1M more than a HS graduate during his/her lifetimeYou will benefit from better working conditions, including longer job tenure, more on-the-job training opportunities, and more responsibility and promotion opportunities5Historia del Total de Cargos (en dlares de 2014)6Promedio de Cargos de Matrcula, Alojamiento y ComidaCargos Publicados y Ayuda NetaSOURCE: The College BoardMatrcula, Alojamiento y Comida1993/942013/14% AumentoUniversidades Pblicas de 4 aos Publicado$10,050$18,39083% Ayuda neta$7,990$12,62058%Universidades Privadas de 4 aos Publicado$25,550$40,92060% Ayuda neta$17,970$23,29030%63-Tiered Approach to Paying for College77Ahorrar ahora puede aliviar la deuda post-educacin8Pagar$406 /mespor 10 aos(7.0% tasa de inters)Contribuir$100 /mes por 18 aos (5% tasa de inters)$35,000 para la Universidad: Ahorrro o Prstamo?AhorrarPedir prestadoWhen individuals savethey are earning interest on the amount saved. However, when individuals borrow moneythey will be paying interest. Its always better and cheaper to save than to borrow. Lets take a quick look at the graphic below. We have 2 families with the same aged childrenPat and Kelly.Scenario 1: Kellys parents start investing $100/month into a 529 plan right after Kellys birth. In 18 years (assuming 5% annual rate of return), Kellys family could potentially save over $35,000.This scenario includes $21,600 of contributions to the savings account (calculated at $100/month for 18 years). The additional $13,400 is from earned interest.Scenario 2: Pat has to borrow $35,000 to attend college. Based on a private student loan rate of 7.0%, Pat could be faced with a monthly payment of $406 for 10 years (or paying a total of $48,720).This scenario demonstrates that Pat would have to pay back the $35,000 loan plus an additional $13,720 in interestassuming a 7% interest rate.8Costos de la universidad: Ahorro vs. PrstamoAhorrando: Ganar intersPidiendo prstamo: Pagar inters

Es ms barato ahorrar que pedir prstamos para la universidad99Cunto debe ahorrar o pagar por adelantado? Estimar el costo de 4 aos Entender Ayuda Financiera Determinar Meta de Ahorro Elija el Vehculo de AhorroAyuda financiera incluye becas; puede incluir prstamos y trabajoLa mayoria de familias no pueden ahorrar; ahorre lo ms posibleUltilizar calculadoras en lnea Calculadoras de precio netaTanteador de la Casa Blanca10Estimate the 4-year costGeneral CalculatorsThere are many online resources that help estimate the projected costs of a student's future enrollment. One such calculator is the CollegeBoards College Savings Calculator. It allows users to determine how much their college education will cost as well as measure the effectiveness of their current savings strategy. School-Specific CalculatorsEach school is required to have a net price calculator on its website. This calculator allows individuals to input their financial information to get a "net price" estimate based on the schools financial aid policies. By using these tools, one can calculate a rough estimate of what their family would be expected to pay for one year at that particular school.

Understand Financial AidFinancial aid is available; private institutions have higher tuition rates, but generally have higher aid packagesFinancial aid includes free money such as grants and scholarships. It also may include loans and workNo two families are alike; dont make assumptions based on the aid other students receive

Determine Savings GoalMost families can't save 100% of the total expected net cost; but families should save as much as they can. While often a challenge and not always achievable, a common industry goal to which a family could aspire is to have saved up to one-third of the total four-year cost.The important thing is to not be daunted by these numbers and to start a savings plan and begin saving regularly. The earlier a savings plan is established, the cost will be less burdensome, and the student will be able to consider more choices. The following chart demonstrates how monthly contributions to a college savings plan can compound to create a sizeable account. Select Savings VehicleThere are many savings vehicles available to help you meet your needs. None of these options are mutually exclusive and can be used together to create a savings plan. Its important to select the options that are the right fit for your family's needs. Please note that you may want to consult with a financial adviser or a tax professional to help you select a savings vehicle(s) that best fits your individual circumstances. The material we provide is meant to inform you of the various options and does not constitute financial advice.10Determinar la meta de ahorro11Savingforcollege.nd.edu12Contenido del sitio:Plan de ahorrosPrivate College 529 PlanEjemplos de escenariosAyuda financieraAhorros para la universidadMoney $ense EpisodesRecursos adicionalesEventosRecursos para los educadoresContactoSitio multimedia que explica los vehculos de ahorro para la universidad

The saving for college website was created as a resource for the participants who attended our education sessions, as well as for those who were interested in the topic but were unable to attend. After attending our sessions, many participants requested the transcript, the actual presentation, and the video to either review on their own or to share with their family and friends. This site currently has the information presented during the education session in graphic, text and audio visual form. This allows the visitor to learn the information by either quickly reviewing the graphics, spending a little more time by reading the presentation transcript, or by watching the archived webinar video. 12