Answer: $14,000
Step-by-step explanation:
Given the following :
Room & Board = $11,500
Work - study = $8000
Grant & scholarship = $9500
Tuition fee = $9500
If she pays balance with a student loan, how much will she need to borrow:
Elisha's bill:
Tuition fee and room and board
($9500 + $11500) = $21,000
Elisha's earning:
Work - study and scholarship & grant
($8000 + $9500) = $17500
Therefore,
Amount to borrow per year :
$21,000 - $17,500 = $3500
For four years :
4 × $3,500 = $14,000
