Final answer:
The word 'savings' correctly completes the sentence about spending money on college tuition. A college education comes with both opportunity and out-of-pocket costs but is often seen as a worthwhile investment for the future. The value of a college education is typically associated with the prospect of higher earnings and better career opportunities.
Step-by-step explanation:
Getting a college education is so important to her that she is willing to spend all of her savings on the tuition. The correct word to complete the sentence is 'savings' because it refers to the money that a person has saved, especially through a bank or official scheme, which can be used for future needs such as college tuition. 'Principal' refers to the original sum of money before interest in a financial context, and 'debit' refers to a transaction that takes money from an account. Neither of these terms correctly completes the sentence in context.
For many, a college education is seen as an investment in their future, despite the rising costs associated with it. The opportunity cost and the out-of-pocket costs, such as tuition, books, and room and board, are significant. Moreover, while achieving a college degree, students often forgo the possibility of earning an income, adding to the total cost of attending college.
The belief that the value of a college education outweighs these costs is based on the expectation of higher earnings and better career opportunities in the future. This decision involves a substantial financial commitment and sacrifice, highlighting the importance of careful financial planning for prospective college students.