Question

Jolene is graduating from high school in May. She received this offer from a university.

Financial Analysis for University
Costs per Year
Financial Aid Package per Year
Tuition & Fees
Scholarships & Grants
$9,800
$11,000
Room & Board
Work-Study
$12,500
$5,000

Which statements about the offer are true? Check all that apply.
The total cost per year is $22,300.
She will need to repay $16,000 for each year of college.
Financial aid will cover $16,000 for each year of college with no need to repay.
Financial aid will cover $11,000 for each year of college with no need to repay.
She could use money from savings or parental contributions to pay the remaining $6,300 each year.
She could use a student loan to pay the remaining $6,300 each year.

Answer 1

True:
- The total cost per year is $22,300. (9,800 + 12,500 = 22,300)
- Financial aid will cover $16,000 for each year of college with no need to repay. (11,000 scholarships/grants + 5,000 work‑study = 16,000)
- Financial aid will cover $11,000 for each year of college with no need to repay. (The $11,000 in scholarships/grants is gift aid and not repaid.)
- She could use money from savings or parental contributions to pay the remaining $6,300 each year. (22,300 − 16,000 = 6,300)
- She could use a student loan to pay the remaining $6,300 each year.

False:
- She will need to repay $16,000 for each year of college. (The $16,000 shown is scholarships/grants + work‑study, which are not loans.)