Question

Yulia estimates college tuition and fees, room and board, books, and other charges total $15,350. She will receive a $1500 scholarship. If she has 4 years to save, how much should Yulia save per month to cover the costs of college (minus the scholarship)?

Answer 1

So, the total tuition is $15,350, but since she has a scholarship of $1500, we’ll subtract that from $15,350 which is $13,850. Now that we have that we will divide that by 48 (because 12 times 4 is 48) which is about $288.54.