Careers, Salaries, and Lifetime Income — Unit test
Question 6 • 2026-2027 Personal Finance w/ Mrs. Roudybush
Alphonse is attending college next year. He received this offer from a university. His parents told him they would pay for his room and board if he lives at home instead of in the dorms. He would only need to pay $2,000 for his car and insurance if he lives at home. Financial Analysis for UniversityCosts per YearFinancial Aid Package per YearTuition & FeesScholarships & Grants$10,500$4,000Room & BoardWork-Study$11,500$2,000Which statements about the offer are true? Check all that apply.
Answer
A
The total cost per year is $22,000 if he lives in the dorm.
B
He would save $9,500 per year if he lives at home.
C
He would save $11,500 per year if he lives at home.
D
He has $6,500 in expenses that are not covered by financial aid if he lives at home.
E
He has $4,500 in expenses that are not covered by financial aid if he lives at home.
F
He will need to repay the $24,000 in scholarships, grants, and work-study money he receives during the four years of college.