Callie is comparing the costs of two options for her college education.

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

$2,900

$800

Room & Board

$1,250

University Financial Analysis

Costs per Year

Financial Aid Package per Year

Tuition & Fees

Scholarships & Grants

$9,500

$10,000

Room & Board

Work-Study

$11,500

$2,000

Which statement about the cost of the options is true?

She would save $1,000 by choosing option B.

She would save $5,650 by choosing option A.

She would save $11,200 by choosing option B.

She would save $11,300 by choosing option A.

Question

Karlie Reed

Mathematics

21 September, 11:27

Callie is comparing the costs of two options for her college education.

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

$2,900

$800

Room & Board

$1,250

University Financial Analysis

Costs per Year

Financial Aid Package per Year

Tuition & Fees

Scholarships & Grants

$9,500

$10,000

Room & Board

Work-Study

$11,500

$2,000

Which statement about the cost of the options is true?

She would save $1,000 by choosing option B.

She would save $5,650 by choosing option A.

She would save $11,200 by choosing option B.

She would save $11,300 by choosing option A.

+1

Answers (2)

Know the Answer?

Cash · Answer 1

Answer: She would save $11,300 by choosing option A

Step-by-step explanation:

Community College Financial Analysis:

Tuition and fees = 2900

Scholarship and grant = 800

Rooms and board = 1250

University Financial Analysis:

Tuition and fees = 9500

Scholarship and grant = 10000

Rooms and board = 11500

Work study - 2000

Option A:

First two years at college : 2 * (2900 + 1250 - 800)

2 * (3350) = $6700

2 years at university : 2 * (9500 + 11500 - 2000 - 10000)

2 * 9000 = 18000

Option A total = $ (18,000 + 6700) = $24,700

Option B:

4 years at university : 4 * (9500 + 11500 - 2000 - 10000)

4 * 9000 = $ 36000

She would be saving $ (36,000 - 24,700) = $11,300 by choosing option A

Cole Francis · Answer 2

Callie's comparison of two options for college education

The true statement is:

She would save $11,300 by choosing option A.

Step-by-step explanation:

Cost Analyses:

Option A: Community College + University Total Expenses

Tuition & Fees $5,800 ($2,900 x 2) + $19,000 ($9,500 x 2) = $24,800

Scholarships ($1,600) ($800 x 2) + ($20,000) ($10,000 x 2) = ($21,600)

Room & Board $2,500 ($1,250 x 2) + $23,000 ($11,500 x 2) = $25,500

Work-Study + ($4,000) ($2,000 x 2) = ($4,000)

Total Cost $6,700 + $18,000 = $24,700

Option B: 4 years' University

Tuition & Fees $38,000 ($9,500 x 4)

Scholarships ($40,000) ($10,000 x 4)

Room & Board $46,000 ($11,500 x 4)

Work-Study ($8,000) ($2,000 x 4)

Total Cost $36,000

Difference between the two options = $11,300 ($36,000 - $24,700