Question

Costs of Attendance

Category Dollar Amount
Annual Tuition and Fees $21,195.00
Annual Room and Board $4,250.00
Annual Cost of Books and Supplies $1,125.00
Annual Scholarship and Grants 35% of tuition & books


Using the information from the table, determine the total cost of attendance for one year. (4 points)

$7,254.00

$9,575.88

$18,758.00

$26,570.00

Answer 1

$18,758.00 (choice #3)

Explanation:

Total costs =
$21,195.00 + $4,250.00 + $1,125.00 = $26,570

However this amount is reduced by scholarships and grants of 35% of tuition and books

Cost of tuition and books = $21,195.00 + $1,125.00 = $22,320

35% of $22,320 = $22,320 x 35/100 = $7,812

Therefore net attendance cost

= $26,570 - $7,812

= $ 18,758