Makiba's family has been saving $2,000 a year for 18 years toward her college education. Makiba herself has been saving $250 a month for the past four years. She wants to complete a four-year program costing $15,000 a year. How much will have to be covered by scholarships or student loans? (1 point)
Makiba's family has saved $2,000 a year for 18 years, so they have saved a total of $2,000/year * 18 years = $<<2000*18=36000>>36,000.
Makiba has saved $250 a month for the past four years, so she has saved a total of $250/month * 12 months/year * 4 years = $<<250*12*4=12000>>12,000.
The total amount saved is $36,000 + $12,000 = $<<36000+12000=48000>>48,000.
The college program costs $15,000 a year, so for four years, it will cost $15,000/year * 4 years = $<<15000*4=60000>>60,000.
The amount that will have to be covered by scholarships or student loans is $60,000 - $48,000 = $<<60000-48000=12000>>12,000. Answer: \boxed{12000}.