College Bound

Alexis Bishop

CONCLUSION

The best financial decision among the four colleges would be Tarrant county due to less expenses.

In-State Public University

Tarleton State University

Total Cost Per Year= $20,774.50

Interest rate: 6.1%

Years: 7

Monthly Payment: $304.48

Total Cost of The Loan: $25,576.32

Total Interest: $4,801.82

In-State Private University

Baylor University

Total Cost Per Year: $54,160

Interest Rate: 6.1%

Years: 7

Monthly Payment: $97,590

Total Cost of The Loan: $66,678.55

Total Interest: $12,518.55

In-State Junior/Community College

Tarrant County College

Total Cost Per Year: $10,243

Interest Rate: 6.1%

Years: 7

Monthly Payment:

Total Cost of The Loan:$12,610.57

Total Interest:$2367.57

OUT-OF-STATE UNIVERSITY

University of Miami

Total Cost Per Year: $44,350

Interest Rate: 6.1%

Years: 7

Monthly Payment:

Total Cost of The Loan: 54,601.06

Total Interest:$10,251.06