Annika is attending college next year. she just got information on the college costs and the financial aid package the college is offering. annika knows her parents can contribute $7,500 each year.

annika’s college costs & financial aid package per year
costs

financial aid package
tuition & fees

grants & scholarship
$21,500

$10,500
room & board

work-study
$13,500

$9,000

how much will annika need to pay each year from her own savings and from loans?
$8,000
$11,000
$15,500
$17,000