College Project
college bound
A&M
The Agricultural and Mechanical College is an in state public university, located in College Station, Texas.
TCU
The Texas Christian University is an in state private university, located in Fort Worth, Texas
TCC
The Tarrant County College is an in state community college, also located in Fort Worth, Texas.
BYU
The Brigham Young University is an out of state private university, located in Provo, Utah.
Interest Rate and Length of Loan
Interest Rate: 3.73
Length of Loan: 6 years
A&M Yearly Cost and Loan
The total average cost of attendance to attend Texas A&M for one year is approximately $29,487, which includes tuition and fees, room and board, a meal plan, books, transportation and other miscellaneous expenses.
Total cost of the loan: $30,086.16
Total interest incurred: $599.60
Monthly payment: $2,507.18
TCU Yearly Cost and Loan
To attend TCU for one year it would cost around $59,370, which includes tuition and fees, room rent and food, health insurance, books and supplies, and miscellaneous living expenses.
Total cost of the loan: $60,576.36
Total interest incurred: $1,206.36
Monthly payment: $5,048.03
TCC Yearly Cost and Loan
The total cost of attendance at Tarrant County Community College for one year is $3,592.
Total cost of the loan: $3,665.04
Total interest incurred: $73.04
Monthly payment: $305.42
BYU Yearly Cost and Loan
To attend BYU for one year, tuition, room and board, books and supplies, personal expenses, and transportation would cost $17,718.
Total cost of the loan: $18,078
Total interest incurred: $360
Monthly payment: $1,506.50
Best Financial Decision
Among the four schools Tarrant County Community College would be the best financial decision because it has the lowest total interest incurred percentage amount.