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Student participation in afterschool programs (ASPs) has declined for the first time in a decade. Simultaneously, students’ mental health and positive development have been greatly impacted by the tumultuous events and pandemic of 2020, particularly for marginalized communities (Chavous, et al., 2022). Given that ASPs serve as additional support to student achievement and development, it is imperative that stakeholders consider students’ motivational beliefs and behaviors in relation to their afterschool activities and intersecting identities. This mixed-methods study explores student perceptions of cost and how their expectancy-value-cost related beliefs may differ in alignment with their intersectional identities. Findings provide initial ideas about how to reduce the psychological costs associated with ASPs and better support adolescents from historically marginalized communities.