11-4: Paying for College

Determine the amount that needs to be paid for 4 years of tuition at $12,800 per year.

Mathematical Equivalence

ON

Determine the amount that needs to be paid for 2 years of tuition at $8,340 per year.

Mathematical Equivalence

ON

Determine the amount that needs to be paid for $14,850 tuition and $3,785 room and board.

Mathematical Equivalence

ON

Determine the amount that needs to be paid after applying a $2,400 grant to a $11,120 tuition.

Mathematical Equivalence

ON

Determine the amount that needs to be paid for 2 years of tuition at $6,870 per year and 2 years of room and board at $1,075 per year.

Mathematical Equivalence

ON

Determine the amount that needs to be paid after applying a scholarship of $10,000 to 4 years of tuition at $10,820 per year and 4 years of room and board at $3,100 per year.

Mathematical Equivalence

ON

Jessica wants to go to a two-year community college with an annual tuition of $9,890. Jessica has saved $8,350 for college and she earned a grant of $3,400 for her first year. How much more does she need to pay the tuition for both years?

Mathematical Equivalence

ON

Which is not a true statement about using a student loan or a scholarship to pay a student's remaining amount of tuition?

• A student loan must be repaid, usually with interest.

• A scholarship must be repaid, but without interest.

• To get a scholarship, you must apply and satisfy certain requirements.

• It is usually easier to apply for and obtain a loan than a scholarship.

Which is not a true statement about using a work-study to pay for a student's remaining amount of tuition?

• A work study does not have to be repaid.

• A student with a work study has to work while going to school.

• Work study may interfere with studies.

• A student can defer the work study until after graduation.

Frank borrows $6,000 to pay for his tuition. The annual interest rate of the loan is 5.4%. How much interest does Frank owe at the end of one year?

Mathematical Equivalence

ON