College Research Project

By: Jordan Sarmento

Loan Information

The loan for each school will be 8 years with a rate of 3%.

Texan Christian University

The total cost for an entire year at TCU would be $55,630.

The total cost for an 8 year loan would be $70,470.42 with a $14,840.42 interest amount. The monthly cost to pay the loan of is $652.52.

Texas A&M

The total cost for an entire year at Texas A&M would be $27,272. The total cost for an 8 year loan would be $34,547.35. The interest amount on the loan is $7,275.35. The monthly cost of the loan would be $319.89.

University of California, Los Angeles

The total cost for an entire year at UCLA would be $34,062. The total cost for the 8 year loan would be $43,148.72. The interest amount would be $9,086.72. the monthly cost of the loan would be $399.53.

Tarrant County College

The total cost for a entire year at TCC would be $16,461. The total cost for an 8 year loan would be $20,852.30. The interest amount would be $4,391.30. The monthly cost for the loan would be $193.08.

Conclusion

In conclusion, the college that I would pick with the best financial decision is Tarrant County College. This college is right for me because it is the least amount of money for the loan and the least amount of monthly cost that I can pay off with no problems. Also it is close to home so I can visit quite often.