Question

You meet with the financial aid office to discuss your costs for attending LSU next semester.Tuition is $113.67 per credit hour, and fees are a flat rate of $660. You have a grant of $350 and a scholarship of $400. If you are taking 15 credit hours what amount will you need go pay for your classes next semester?

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Answer 1

$1615.05

Explanation:

Scholarship and grants are money given to the candidates to support his financial needs in school. It will serves as the means of revenue for the student.

Revenue generated = Grant + Scholarship amount

Revenue generated = $350 + $400

Revenue generated= $750

Total money needed to be spent in school = Tuition + fees

If tuition is $113.67 per credit hour and I used 15 credit hours, total amount of tuition paid = 15* $113.67 = $1705.05

Total fees = $660

Total money needed to be spent in school = $1705.05 + $660

Total money needed to be spent in school = $2365.05

Amount I will need to pay for classes next semester = Total money that will be spent - (grant+scholarship)

= $2365.05 - $750

= $1615.05

Hence, the amount I will need to pay for classes next semester is $1615.05