Question

Natalia wants to attend Louisiana State University. One year at Louisiana State University costs approximately $24,000. She currently has $4,000 in savings. Natalia has received a one-time grant of $1,500 and an annual academic scholarship for $3,500. She plans to enroll in the work study program that will pay $12,000 annually for part-time work. How much will Natalia need to borrow in student loans in order to attend Louisiana State University for 4 years?

Answer 1

He needs to borrow $28,500 to attend the University for 4 years.

Explanation:

One year at the University costs $24,000. The total she has to pay are 4 * $24,000 = $96,000

minus the $4,000 she has in savings: $96,000 - $4,000 = $92,000

minus the $1,500 she received one time: $92,000 - $1,500 = $90,500

minus $3,500 per anual

4* $3,500 = $14,000

$90,500 - $14,000 = $76,500

minus $ 12,000 per anual

4 * $12,000 = $48,000

$76,500 - $48,00 = $28,500