Alex is nearing graduation. His counselor showed him this information.
Alex's College Costs & Payment Options per Year
Costs
Methods of Payment
Tuition & Fees
Grants & Scholarship
$10,100
$12,500
Room & Board
Work-Study
$11,750
$8,000
If his parents cannot help Alex with college, and two of his scholarships will be awarded to other students if he does not accept
them immediately, which is the best option for him?
He could work each summer to earn the $1,350 difference.
He could wait a year for college and earn the difference.
© He could abandon his plans for college because he does not have enough money.
He could take out a student loan for the difference of $1,350, plus an extra $2.000 a year for mad money