Elisa is nearing graduation. she just met with her counselor and he showed her this information. elisa’s college costs & payment options per year costs methods of payment tuition & fees grants & scholarship $9,500 $9,500 room & board work-study $11,500 $8,000 if she pays the balance with a student loan, how much will she need to borrow for all four years? $0 $3,500 $11,500 $14,000

correct answer is $14,000.

Step-by-step explanation:

cost of Tuition & fees for 1 year = $9,500

cost of tuition & fees for 4 years = 4×9500$ = $38,000

and Grants & scholarship for 1 year = $9500

grants & scholarship for 4 years = 4×9500$ = $38000

cost of room and board for 1 year = $11500

cost of room and board for 4 years = 4×11500$ = $46000

cost for work- study for 1 year = $8000

cost for work-study for 4 years = 4×8000$ = $32000

Now, Elisa pays = (tuition & fees + cost of room & board)

                         = $$

Elisa can pay through (grants & scholarship + cost for work-study) = $

Elisa needs to borrow = $(84000-70000)

                 = $14000

So, she needs to borrow for all four years = $14000

$9.41

step-by-step explanation: