OVERVIEW WHAT IS STEPUP UTAH SCHOLARS WHY COLLEGE HOW TO PREPARE - PowerPoint PPT Presentation

OVERVIEW WHAT IS STEPUP UTAH SCHOLARS WHY COLLEGE HOW TO PREPARE HOW TO PAY HOW TO JOIN 2

3 WHAT IS STEPUP UTAH SCHOLARS?

4 LIFE AFTER HIGH SCHOOL

40 hours/week $11.97 an hour $479 a week $24,900 5

Item Payment Amount left BREAKDOWN • $1,916/month • $958/paycheck • $11.97 hourly pay *You are a single person in this scenario, living with a roommate. $1,916 6

Item Payment Amount left BREAKDOWN BREAKDOWN Federal Income Tax $129 $1,787 State Income Tax $95 $1692 • $1,916/month Social Security/Medicare $75 $1,617 • $958/paycheck • $11.97 hourly pay Insurance $80 $1,537 *You are a single person in this scenario, living with a roommate. $1,537 $1,916 7

Item Payment Amount left BREAKDOWN Federal Income Tax $129 $1,787 State Income Tax $95 $1692 • $1,916/month Social Security/Medicare $75 $1,617 • $958/paycheck • $11.97 hourly pay Insurance $80 $1,537 *You are a single person in this scenario, Savings $100 $1,437 living with a roommate. $1,437 8

Item Payment Amount left BREAKDOWN Federal Income Tax $129 $1,787 State Income Tax $95 $1692 • $1,916/month Social Security/Medicare $75 $1,617 • $958/paycheck • $11.97 hourly pay Insurance $80 $1,537 *You are a single person in this scenario, Savings $100 $1,437 living with a roommate. Housing (Rent: 2 bed/1 bath, $400 $1,037 unfurn., roommate) $1,037 9

Item Payment Amount left BREAKDOWN Federal Income Tax $129 $1,787 State Income Tax $95 $1692 • $1,916/month Social Security/Medicare $75 $1,617 • $958/paycheck • $11.97 hourly pay Insurance $80 $1,537 *You are a single person in this scenario, Savings $100 $1,437 living with a roommate. Housing (Rent: 2 bed/1 bath, $400 $1,037 unfurn., roommate) Food $250 $787 $787 10

Item Payment Amount left BREAKDOWN Federal Income Tax $129 $1,787 State Income Tax $95 $1692 • $1,916/month Social Security/Medicare $75 $1,617 • $958/paycheck • $11.97 hourly pay Insurance $80 $1,537 *You are a single person in this scenario, Savings $100 $1,437 living with a roommate. Housing (Rent: 2 bed/1 bath, $400 $1,037 unfurn., roommate) Food $250 $787 $637 Car Payment $150 $637 11

Item Payment Amount left BREAKDOWN Federal Income Tax $129 $1,787 State Income Tax $95 $1692 • $1,916/month Social Security/Medicare $75 $1,617 • $958/paycheck • $11.97 hourly pay Insurance $80 $1,537 *You are a single person in this scenario, Savings $100 $1,437 living with a roommate. Housing (Rent: 2 bed/1 bath, $400 $1,037 unfurn., roommate) Food $250 $787 $557 Car Payment $150 $637 Car Insurance $80 $557 12

Item Payment Amount left BREAKDOWN Federal Income Tax $129 $1,787 State Income Tax $95 $1692 • $1,916/month Social Security/Medicare $75 $1,617 • $958/paycheck • $11.97 hourly pay Insurance $80 $1,537 *You are a single person in this scenario, Savings $100 $1,437 living with a roommate. Housing (Rent: 2 bed/1 bath, $400 $1,037 unfurn., roommate) Food $250 $787 $407 Car Payment $150 $637 Car Insurance $80 $557 Gas, Oil, Maintenance $150 $407 13

Item Payment Amount left BREAKDOWN Federal Income Tax $129 $1,787 State Income Tax $95 $1692 • $1,916/month Social Security/Medicare $75 $1,617 • $958/paycheck • $11.97 hourly pay Insurance $80 $1,537 *You are a single person in this scenario, Savings $100 $1,437 living with a roommate. Housing (Rent: 2 bed/1 bath, $400 $1,037 unfurn., roommate) Food $250 $787 $307 Car Payment $150 $637 Car Insurance $80 $557 Gas, Oil, Maintenance $150 $407 Cell Phone $100 $307 14

Item Payment Amount left BREAKDOWN Federal Income Tax $129 $1,787 State Income Tax $95 $1692 • $1,916/month Social Security/Medicare $75 $1,617 • $958/paycheck • $11.97 hourly pay Insurance $80 $1,537 *You are a single person in this scenario, Savings $100 $1,437 living with a roommate. Housing (Rent: 2 bed/1 bath, $400 $1,037 unfurn., roommate) Food $250 $787 $242 Car Payment $150 $637 Car Insurance $80 $557 Gas, Oil, Maintenance $150 $407 Cell Phone $100 $307 Utilities $65 $242 15

Item Payment Amount left BREAKDOWN Federal Income Tax $129 $1,787 State Income Tax $95 $1692 • $1,916/month Social Security/Medicare $75 $1,617 • $958/paycheck • $11.97 hourly pay Insurance $80 $1,537 *You are a single person in this scenario, Savings $100 $1,437 living with a roommate. Housing (Rent: 2 bed/1 bath, $400 $1,037 unfurn., roommate) Food $250 $787 $192 Car Payment $150 $637 Car Insurance $80 $557 Gas, Oil, Maintenance $150 $407 Cell Phone $100 $307 Utilities $65 $242 Toiletries & Supplies $50 $192 16

Item Payment Amount left BREAKDOWN Federal Income Tax $129 $1,787 State Income Tax $95 $1692 • $1,916/month Social Security/Medicare $75 $1,617 • $958/paycheck • $11.97 hourly pay Insurance $80 $1,537 *You are a single person in this scenario, Savings $100 $1,437 living with a roommate. Housing (Rent: 2 bed/1 bath, $400 $1,037 unfurn., roommate) Food $250 $787 $142 Car Payment $150 $637 Car Insurance $80 $557 Gas, Oil, Maintenance $150 $407 Cell Phone $100 $307 Utilities $65 $242 Toiletries & Supplies $50 $192 Entertainment $50 $142 17

Item Payment Amount left BREAKDOWN Federal Income Tax $129 $1,787 State Income Tax $95 $1692 • $1,916/month Social Security/Medicare $75 $1,617 • $958/paycheck • $11.97 hourly pay Insurance $80 $1,537 *You are a single person in this scenario, Savings $100 $1,437 living with a roommate. Housing (Rent: 2 bed/1 bath, $400 $1,037 unfurn., roommate) Food $250 $787 $92 Car Payment $150 $637 Car Insurance $80 $557 Gas, Oil, Maintenance $150 $407 Cell Phone $100 $307 Utilities $65 $242 Toiletries & Supplies $50 $192 Entertainment $50 $142 Clothing $50 $92 18

Item Payment Amount left BREAKDOWN Federal Income Tax $129 $1,787 State Income Tax $95 $1692 • $1,916/month Social Security/Medicare $75 $1,617 • $958/paycheck • $11.97 hourly pay Insurance $80 $1,537 *You are a single person in this scenario, Savings $100 $1,437 living with a roommate. Housing (Rent: 2 bed/1 bath, $400 $1,037 unfurn., roommate) Food $250 $787 $92 Car Payment $150 $637 Car Insurance $80 $557 Gas, Oil, Maintenance $150 $407 Cell Phone $100 $307 Utilities $65 $242 Toiletries & Supplies $50 $192 Entertainment $50 $142 Clothing $50 $92 19 Other/Miscellaneous $92

Item Payment Amount left BREAKDOWN Federal Income Tax $112 $3,720 $3,832/month State Income Tax $192 $3,520 $1,916/paycheck Social Security/Medicare $150 $3,378 $11.97 hourly pay each Insurance $160 $3,218 Savings $100 $3,118 *You are married with a baby. Baby College Fund $100 $3,018 Both of you are working and Housing $1200 $1818 paying for childcare. Food $600 $1218 Car Payment $300 $918 -$1,232 Car Insurance $160 $758 Gas, Oil, Maintenance $200 $558 Cell Phone $140 $418 Utilities $150 $268 Toiletries & Supplies $100 $168 Diapers, formula, baby clothes, $1,300 -$1,032 medicine, toys, childcare. Clothing $50 -$1,082 20 Entertainment/Other $50 -$1,232

21 WHY COLLEGE

22 FUN AND ADVENTURE

23 DREAM JOB

MAKE MORE MONEY Weekly Earnings By Educational Level $2,000 $1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 No HS High School Some Associate Bachelor's Master's Professional Doctoral Diploma Diploma college, no Degree Degree Degree Degree Degree degree 2017 data; source: US Bureau of Labor Statistics 24

25 LIFESTYLE

26 HOW TO PREPARE

JOIN STEPUP UTAH SCHOLARS Start now to prepare for college! 27

28 USE STEPUPUTAH.COM

29 USE THE GRADE-BY-GRADE CHECKLISTS

30 GET GOOD GRADES

31 EARN COLLEGE CREDIT IN HS

32 EXPLORE COLLEGES

33 HOW TO PAY

THE COST OF COLLEGE IN UTAH Public Colleges and Universities Private Colleges and Universities Dixie State University $5,253 Brigham Young University $5,620** Salt Lake Community $3,843 LDS Business College $3,440** Snow College $3,742 Westminster College $34,000 Southern Utah University $6,675 Additional Costs University of Utah $8,382  Books (average cost $1,200 /year) Varies Utah College of Applied Technology  Room/Board Utah State University $7,424  (on-campus vs. off-campus) Utah State University Eastern $3,896  Transportation Utah Valley University $5,726  Miscellaneous, etc. Weber State University $5,859 * Tuition can increase annually. These amounts are current for the 2018-2019 academic year . 34 *** Tuition differs for members & non-members. Above tuition is for members.

THE COST OF COLLEGE OUTSIDE OF UTAH Out‐of‐State Tuition and Fees Rates Stanford University (private) $49,617 Harvard University (private) $46,816 University of California/Los Angeles $41,274 $34,611 University of Oregon $28,658 University of Florida Washington State University $25,771 University of Texas $18,150

35 WAYS TO PAY FOR COLLEGE