Question 11 of 15 • ***CPS Online Personal Finance fall – 3-2027
Jolene is graduating from high school in May. She received this offer from a university. Financial Analysis for UniversityCosts per YearFinancial Aid Package per YearTuition & FeesScholarships & Grants$9,800$11,000Room & BoardWork-Study$12,500$5,000Which statements about the offer are true? Check all that apply.
Answer
T
The total cost per year is $22,300.
S
She will need to repay $16,000 for each year of college.
F
Financial aid will cover $16,000 for each year of college with no need to repay.
F
Financial aid will cover $11,000 for each year of college with no need to repay.
S
She could use money from savings or parental contributions to pay the remaining $6,300 each year.
S
She could use a student loan to pay the remaining $6,300 each year.