Jorge is attending college next year. He just got information on the college costs and the financial aid package the college is
offering. Jorge knows his parents can contribute 54,500 each year.
Jorge's College Costs & Financial Aid Package per Year
Costs
Financial Aid Package
Tuition & Fees
Grants & Scholarship
$26,000
$18,500
Room & Board
Work-Study
$12,500
$8,500
How much will Jorge need to pay each year from his own savings and from loans?
O $3,000
O $7,000
O $7,500
O $11,500
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