Question

Javier is considering two options for college. Option A: Complete the first two years of schooling at a community college and then transfer to a university. Option B: Complete all four years of schooling at the university. Community College Financial Analysis Costs per Year Financial Aid Package per Year Tuition & Fees Scholarships & Grants $3,000 $1,000 Room & Board $1,000 University Financial Analysis Costs per Year Financial Aid Package per Year Tuition & Fees Scholarships & Grants $10,000 $15,000 Room & Board Work-Study $11,500 $4,000 Which statement about the cost of the options is true? Option B will save him $1,000. Option B will save him $2,000. Option A will save him $14,000. Option A will save him $17,500.

Answer 1

Option B will save him $1,000

Step-by-step explanation:

The total expenditure for going to college for two years first and then attending college for 2 years is $83000

The total expenditure for attending university for four years straight is $82000

Calculation:

Going to college for two years then university for two years = no scholarship for college and university= $83000

Going to university = scholarship grants = 20500( deducting scholarship grants of $10000 per year*4) *4= $82000

Savings =