Question

Darian has decided to attend an out-of-state public four-year university. His expected expenses are shown in the table.

Category
Annual Expected Expense ($)
tuition
$18,900
room/board
$7,650
books/fees
$1,475
other expenses
$2,350

Darian expects to get $7,500 in grants each year. What is the minimum amount he should expect to contribute for four years at the university?
$22,875
$91,500
$114,000
$151,500

Answer 1

Annual cost = 18,900 + 7,650 + 1,475 + 2,350 = 30,375.
After $7,500 in grants, yearly contribution = 30,375 − 7,500 = 22,875.
For four years: 22,875 × 4 = 91,500.

Answer: $91,500.