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