College Project

Lauren Updegrave, 3rd period

School's chosen

In-state private University - Argosy $16,885.75 per semester
In-state public University - Texas UNT $22,826 per semester

In-state Junior college or community college - Alvin $2,566 per semester

Out-of-state University - Cornell $67,613 per semester

Total cost, loan interest, and monthly payment

Loan interest: 3.1%

Loan time: 7 years, or 84 months


Argosy

$20,908.90 per semester with interest.

$4,023 of loan interest.

$248.92 for the monthly payment.


Texas UNT

$28,264.45 per semester with interest.

$5,438 of loan interest.

$336.48 for the monthly payment.


Alvin

$3,177.37 per semester with interest.

$611.37 of loan interest.

$37.83 for the monthly payment.


Cornell

$83,722.24 per semester with interest.

$16,109.24 of loan interest.

$996.70 for the monthly payment.

The best financial decision

In conclusion to the school's researched Alvin would be the best financial decision. It would not put me in debt for the following 7 years of paying it off. The monthly payment owed would only be $37.83. As if one of the school's chosen, would create a much larger monthly payment.