You are considering attending college and have written down the following:
College
Direct costs $30,000
Indirect costs $12,000
Scholarship $10,000
Grant $8,000
Loan $12,000
Work-study $6,000
What is the net cost per year while attending this college?
Choose 1 answer:
(Choice A) $0
(Choice B) $6,000
(Choice C) $42,000
The net cost per year while attending this college would be $8,000 [(Direct costs + Indirect costs) - (Scholarship + Grant + Loan + Work-study) = ($30,000 + $12,000) - ($10,000 + $8,000 + $12,000 + $6,000) = $42,000 - $36,000 = $6,000].
Therefore, the correct answer is:
(Choice B) $6,000