College Project

by: Zach English

Interest and Years

Interest rate-7.9%


Years of loan-8 years

University of Texas

  • Total cost (without interest)
  • $13,617
  • Total cost (with interest)
  • $18,233.45
  • Total interest
  • $4,616.45
  • monthly payment
  • $189.93

Oklahoma State University

  • Total cost (without interest)
  • $36,500
  • Total cost (with interest)
  • $48,874.28
  • Total interest charged
  • $12,374.28
  • Monthly payments
  • $509.11

University of Baylor

  • Total cost (without interest)
  • $59,252
  • Total cost (with interest)
  • $79,339.70
  • Total interest charged
  • $20,087.70
  • Monthly payments
  • $826.46

Tarrant County College

  • Total cost (without interest)
  • $8,024
  • Total cost (with interest)
  • 10,744.31
  • Total interest charged
  • 2720.31
  • Monthly payments
  • $111.92

Conclusion

I want to go to Oklahoma State University because of their Engineering and Technology Academy. Even though the cost is very high, My plan is to purchase a small apartment a year before I go to school so that I can get the in-state tuition rate which will save me a lot of money in the long run. This way, I will not have to pay for housing in the dorms and will be making an investment towards my future. Community College is the best financial decision, but they do not offer the courses that I am looking for.