College Project
By:Sydney Simpson
Baylor
Loan Amount: 59,255
Monthly payment:1,064.68
Interest:4,428.85
Total cost for the loan:63,880.85
Texas Tech
Loan Amount:25,624
Monthly Payment:460.43
Interest:2,001.78
Total cost for the loan:27,625.78
Tarrant County College
Loan Amount:10,246
Monthly Payment:184.11
Interest: 800.43
Total cost for the loan:11,046.43
University of Kentucky
Loan Amount:75,220
Monthly Payment:1,351.60
Interest:5,876.29
Total cost for the loan:81,096.29
Conclusion
The best decision out of the four colleges is defiantly TCC. This is the best financial plan because it is the cheapest per month and the interest is way less than the other three colleges.