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.