STUDENT HANDOUT LAUNCH GRADE 10: SPEAK UP! Download an editable version lesson 33: college costs and fi nancial aid outcome: Summarize the costs associated with postsecondary training and fi nancial aid opportunities. fi nancial and opportunity costs DIRECTIONS: List all of the costs you can think of related to going to college. Costs of College Financial Costs - expenses, money spent Opportunity Costs - missed chances, things you won't be able to do FINANCIAL AWARENESS KEY TERMS: FINANCIAL AID TYPES Grants and Scholarships are both " free money, " in that when you get them, you never need to pay them back. They can cover tuition, room and board, and sometimes even books. Work-study is a paid job you have while you are in college. You never need to pay your work-study money back, either. Work-study money can help you pay for some of your fi nancial costs and can help address some of your opportunity costs. Loans are money you borrow. Loans are the only type of fi nancial aid that you have to pay back. How much you have to pay back later is based on how much you need today and your interest rate. LESSON 33: COLLEGE COSTS AND FINANCIAL AID 320 LeSSon 33: CoLLege CoStS AnD FinAnCiAL AiD Property of PeerForward/© 2022 PeerForward; All Rights Reserved.https://www.peerforward.org/10th-grade_lesson-33-handouts/