Anneliese will attend a school next fall that charges $32,000 in tuition for the first year. She has received a scholarship for $16,000, a Pell grant for $4,000, and a work-study grant for $2,500. To the nearest tenth of a percent, how much of her expenses are covered by the scholarship, the grant, and the work-study program put together?

Question

Anneliese will attend a school next fall that charges $32,000 in tuition for the first year. She has received a scholarship for $16,000, a Pell grant for $4,000, and a work-study grant for $2,500. To the nearest tenth of a percent, how much of her expenses are covered by the scholarship, the grant, and the work-study program put together?

Answer 1

Anneliese's total expenses for the first year of school are $32,000.

The total amount covered by the scholarship, grant, and work-study program together is $16,000 + $4,000 + $2,500 = $22,500.

To calculate the percentage of expenses covered, we divide the total amount covered by the total expenses and multiply by 100:

($22,500 / $32,000) * 100 = 70.3%

Therefore, Anneliese's expenses are covered by 70.3% by the scholarship, the grant, and the work-study program combined.