College Research Project
Come see which college offers the best value
Total cost for one year at each college
Iowa: $40,910
TCU: $55,360
TCC: $17,298
Texas A&M: $27,272
My interest rate per year and the length of my student loan repayment
Interest rate: 7.9%
Years: 8
Iowa
http://admissions.uiowa.edu/finances/estimated-costs-attendance
Since I would live on campus and have out-of-state tuition, after you add the extra $3,192 it comes out to be $40,910
TCC
http://www.tccd.edu/student_services/financial_aid/coa_and_outside_web_resources.html
Here you will find how much it cost to go to a local community college which will be one of the cheaper colleges out of my 4 choices.
TCU and Texas A&M
TCU: http://financialaid.tcu.edu/what-is-the-cost/
With TCU being a private school it costs more money and costs the same amount for in or out of state undergraduate tuition.
Texas A&M: https://financialaid.tamu.edu/Undergraduate/Cost-of-Attendance#0-CollegeStationUndergraduate
At Texas A&M, I would be an in-state resident so that would only cost $27,272 for each year of college
Total interest Incurred
Iowa: $14,410.00
TCU: $19,500.80
TCC: $6,093.36
Texas A&M: $9,606.40
Total Cost of the Loan required to attend each college
Loan Amounts
Iowa: $55,320.00
TCU: $74,860.08
TCC: $23,391.36
Texas A&M: $36,878.40
Conclusion
TCC would be the best college to go to in terms of value because its total loan cost was only $23,391.36--- which is less than it would cost to go to any other college. On top of that, it is a community college. This means you wouldn't have to pay for all the additional campus costs such as room and meals. Since the campus is local and close to your home, you would just commute back and forth each day from the campus to your home.
Sources:
Iowa logo:
http://aaloa.forumotion.com/t2288-the-hawkeye-report
TCC logo: http://www.tccd.edu/
TCU and Texas A&M logo combined: http://www.housedividedflags.com/product_p/texas-am_tcu_hsis_slv.htm
*Website is no longer live but the graphic is still accessible
Monthly payment: http://www.onlineautoinsurance.com/pay-monthly/
Interest pic: http://ha2a2f11.blogspot.com/2011/11/section-51-and-52-glavin.html