College project
by Cole Miller
Stanford
Yearly cost= $60,749
Yearly Cost including interest= $72695.52
Payment for Loan= $1,009.66
total interest= 11946.52
Baylor University
Yearly Cost = $56,776
Yearly Cost including interest= $67940.64
monthly payment for Loan= $943.62
total interest cost= 11164.64
Lamar University
Yearly Cost= $22,830
Yearly Cost including interest= $27319.6
monthly payment for Loan= $379.44
total interest = $322.35
Cedar Vally Community
Yearly Cost= 14060
Yearly Cost including interest= 1682.96
monthly payment for Loan= 233.68
total interest cost= 2764.96
Conclusion
The best financial decision is Stanford because it will allow me to earn money fast, allowing me to pay it off faster.
Yearly intrist
time= 6 years
interestt= 6.1 %