College Tuition
Ally Clark
Interest Rate and Years
Interest Rate- 3.1%
Amount of Years- 7 years
In State Private University- TCU
Total Cost For 1 Year- $55,630
Total Cost of Loan- $61,955.88
Monthly Payment- $737.57
Total Interest- 6,325.88
Out of State University- University of Tennessee
Total Cost For 1 Year- $48,358
Total Cost of Loan- $53,856.60
Monthly Payment- $641.15
Total Interest- $5,498.60
In State Community College- Northeast Texas Community College
Total Cost For 1 Year- $2,138
Total Cost of Loan- $2,381.40
Monthly Payment- $28.35
Total Interest- $243.40
In State Public University- Texas A&M
Total Cost For 1 Year- $27,272
Total Cost of Loan- $30,372.72
Monthly Payment- $361.58
Total Interest- $3,100.72
Conclusion
After looking at the total cost of every college, the best college based off of financial reasons is the Northeast Texas Community College. On the other hand, I don't want to go to a community college because I want to be an orthopedic or a businesses person and I think I could get a better education at an actual university. I think that I would much rather go to Texas A&M or TCU.