Planning for the Cost of College Answers

Arthur is 10 years old. Tuition for one year at a public two-year college is $3,125. In 8 years, tuition is expected to increase 32%. Arthur’s family plans to save for his college costs for 5 years. If the family saves $75 per month, will there be enough money to pay for the expected cost of one year at the college when he is 18?

Aneesha determined that the cost of attending her public four-year college in her first year will be $6,220. If the average cost is expected to increase by 6%, what will be the cost of attending her second year in college?

David estimates that he will have expenses totaling $24,870 for one year of college. He will receive $7,560 in grants. How much will David have to contribute each semester during this year?

Dustin estimates it will cost $7,721 annually to attend a public four-year college. He will receive $1,930 in grants. How much is Dustin’s estimated annual contribution to his college education?$

The Hartman family is saving $400 monthly for Ronald’s college education. The family anticipates they will need to contribute $20,000 toward his first year of college, which is in 4 years. Which best explains whether the family will have enough money in 4 years?

In his first school year, Leo contributed $13,468 toward college expenses. In his second school year, the expenses are expected to increase by 4%. What is the approximate minimum amount Leo should expect to contribute in his second school year?

The table shows the cost of various expenses Montrel expects to pay for one year at a public two-year college.CategoryAmounttuition$3,220room/board$7,650transportation$1,895books/lab fees$875How much should Montrel expect to pay?$

Marco predicts he will have $18,750 in expenses for one year of college. He expects to receive $3,450 in grants annually. How much will Marco need to contribute to one semester of his education?

Laura estimated the total cost of attending a private four-year university using the information in the table. CategoryEstimated Cost – 1 yeartuition$29,500room and board$9,600books$2,125lab and facilities fees$850Laura received a grant that will pay for 30% of her annual estimated tuition and a scholarship that will pay for her books. What is the minimum Laura should expect to contribute to her college education for all four years?

Darian has decided to attend an out-of-state public four-year university. His expected expenses are shown in the table.CategoryAnnual Expected Expense ($)tuition$18,900room/board$7,650books/fees$1,475other expenses$2,350Darian 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?