Education is an expensive but an indispensable part of the life of a person. However, not everybody is financially well off. Hence most are not able to get to the top colleges because of their economic condition. Some of them opt for loans. But before they can do that they need to be aware of how much they would be spending over the course of the semester. That is why colleges provide financial plans that give the students a rough estimate of how much they might have to spend.
5 Steps to Create a College Financial Plan in Google Docs
Step 1: Create a New Blank Document in Google Docs
Google Docs is becoming more and more popular as more businesses are adopting it. It can be accessed from any computer’s internet browser. So visit docs.google.com and create a blank document. Write down the title as ‘[your college name] Financial Plan for Students’.
Step 2: Grants and Scholarships
In the beginning, let the student know what he won’t be having to pay. This relaxes the student and he becomes more eager to take in the information. In this section mention the grants which the state is providing for him. Also, let him know that you have a scholarship program that helps the brilliant students. State the amount that will be provided as part of the program.
Step 3: Employment Opportunities
Despite all these, it still might not be enough for the students and he may require certain part-time jobs to fund his education. If your college has tie-ups with companies who give employment opportunities to students mention that here. Even, if your college does not have such a tie-up but you are aware of possible avenues that a student can try, mention that as well.
Step 4: Responsibilities and Requirements
The students are expected to take up certain responsibilities if they want to get access to your college’s facilities. Also, they need to maintain a certain satisfactory academic progress standard to qualify for scholarships and other aid. All that information should be mentioned including the fact that they will lose the scholarship if their points dip down below a certain level.
Step 5: Mention for What the Students Will Have to Pay
The final step includes a detailed breakdown of how much the student will have to be paying the college. Clearly explain the semester billing system. Mention by when the students will have to make the payments. Also, let them know of the consequences that they might have to face if they fail to make the payment on time.
9+ College Financial Plan Templates
1. College Financial Plan Template
This sample financial plan template gives a good perspective on how to create a detailed financial plan for a college. Every detail including grants, scholarships, satisfactory academic progress policy has been mentioned in this document. Clarity is the key to developing good relationships and this template would ensure that a good one is built between the college and the student.
2. Junior College Financial Plan Example
Developing and maintaining a college is no easy task. It is also necessary that you keep a record of how much money the school is receiving from the government, where that money is being spent and other such important financial details. If you want to know how to create a proper business financial plan for a college try this template.
3. College Graduates Financial Plan Template
So you have been assigned the task of writing a paper on how to create a financial plan for a college. Well, that is interesting. Do you need help to create one? Take a look at this sample plan proposal that should give you an idea of how to write one. You can also make certain tweaks to this document and use it for your work if you would prefer it that way.
4. College Student Financial Plan Template
Do you run a blog on financial tips or do you just want to teach your nephew how to create a financial plan for his college? Check out these guidelines. Our wide range of plan sample templates will surely come in handy whatever your need might be. Editing is easy as well. Just follow the instructions that come along with the template.
5. Formal College Financial Planning Example
The submission date is just a week away and you have not even started on the paper on financial planning for college students? Now you are procrastinating. Let us help you get you out of this sticky situation. Take a look at this template. We have several such project plans should you require them. All you have to do is download them and make small changes so that you can use it as your own project.
6. Professional College Financial Plan Template
Do you urgently need formal college financial templates for official needs? You will be pleased to know that we have several of them on our site. Look at this template for example. Download it and start editing in your favorite PDF editor. We have several free plan templates as well that you might want to take a look at.
7. Financial Plan Format for College
Some college scholarships are scams. It is disheartening to admit it. But this is the truth. Take a look at this financial plan format. It guides you on how to create a proper financial plan for yourself while at the same time teaching you how to not fall for such scams. Download and use it now. You are sure to benefit from it.
8. Printable College Financial Plan Example
Does your firm expertise in helping people to understand how to make paying college fees manageable? Then you should check out this printable college financial plan template example. It gives great financial advice and tips on how to not just pay for college but also how to make one’s child industry ready by teaching them how to earn for themselves.
9. College Financial Planning Template
If you are a financial advisor looking to help out your clients by teaching them how to make the student loans and college fees more than just bearable this is the template for you. It is highly intuitive and can be sent to the clients directly over mail. Just download and start editing and once you are satisfied to share it with your subscription list.
10. College Financial Plan in PDF
If you want to take that extra step and help your students plan their finances for college take a look at this template. You can use it as it is or use your favorite PDF editor to make the changes you want. After that is done you can take a print out of it or just make it available for downloading on your college server.