College Project

By: Omar Diakhate Period: 5

Interest Rate and Time

Interest Rate: 7.9%

Time: 8 Years

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Texas A&M University

Total Cost for 1 Year: $23960

Monthly Payment: $337.50

Total Interest: $8440

Total Loan Cost: $32400

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Texas Health and Science University

Total Cost for 1 Year: $15025

Monthly Payment: $211.64

Total Interest: $5292.44

Total Loan Cost: $20317.44

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Austin Community College

Total Cost for 1 Year: $16838

Monthly Payment: $237.18

Total Interest: $5931.28

Total Loan Cost: $22769.28

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LSU

Total Cost for 1 Year: $39190

Monthly Payment: $552.03

Total Interest: $13804.88

Total Loan Cost: $52994.88

Conclusion

Out of these four colleges, I would decide to attend Texas Health and Science University. The university has a lot to offer with a lower price. You also can get a good paying job with a degree from this university. That is why I would attend Texas Health and Science University.