So Julie is a senior is high school. That being said she is excited to go to college.

She is from a

small town and would love to move out of state, but she knows that can be pricey. She has of

course applied for scholarships and grants, hoping not to need to take out loans. She was

awarded one scholarship, and two grants.

S: $645 per year

G: $786 per year

M: $132 per year

So she has looked up a couple of schools and got the information of the cost for three schools.

Two of them are out of state, one is in state. The one in state, along with one of the out of state

schools are three year colleges, whereas the other out of state is 4 year. They all have great

programs that rival each other, but the prices are different. So, each school will be expressed as

A, B, and C.

Schools:

A: $2056 per year, 4 years.

Yearly out of state fee: 60

Yearly boarding fee: 430

B: 2316 per year, 3 years.

Yearly out of state fee: 42

Yearly boarding fee: 567

C: 2481 Per year, 3 years.

She would like to calculate to figure out the costs of each school for the full time she will be

there. Doing so we will write them out:

S=(Y+S+B)x
With that equation it is stating:

School total price [S]=(yearly cost[y]+out of state fee[s]+boarding[b]) total years[x]

So we can now input her information and calculate the costs.

A=(2056+60+430)4

A=(2546)4

A=10,184

B=(2316+42+567)3

B=(2925)3

B=8,775

C=(2481)3

C=7,443

Now that we have finished our equations, we have discovered that:

School A, for four total years, would cost $10,184.

School B, for three total years, would cost $8,775.

School C, for three total years, would cost $7,443.

We can now see the cheapest schools are school B and C. B being out of state, and C being the

instate school. We could continue on even more that she can figure out what the difference in

price is:

D=8775-7443

D=$1,332

So, the difference between the two cheaper schools comes to a total of $1,332. Now that she has

all that information she can go through and figure out how much out of pocket she’d have to pay

for the out of state school since she’d rather go there.

 T(total)=S(scholarship)+G(grant 1)+M(grant 2)

T=645+786+132

T= 1563

Now we can see that her total from scholarships and grants equal $1,563h. Which is $231 more

than she would need for the out of state school!

Reference:

Abramson, J. P., Falduto, V., Gross, R., Lippman, D., Norwood, R., Rasmussen, M., . . .

Fernandez, C. (2017). (pp. 159-462). Houston, TX: OpenStax.