Full question:
Javier is considering two options for college.
Option A: Complete the first two years of schooling at a community college and then transfer to a university.
Option B: Complete all four years of schooling at the university.
Community college financial analysis: costs per year financial aid package per year tuition & fees scholarships & grants $3,000 $1,000 room & board $1,000 University financial analysis: costs per year financial aid package per year tuition & fees scholarships & grants $10,000 $15,000 room & board work-study $11,500 $4,000
Which statement about the cost of the options is true:
Option B will save him $1,000. Option B will save him $2,000. Option A will save him $14,000. Option A will save him $17,500
Answer:
Option B will save him $1,000
Explanation:
From the data given above, Javier will save $1000 by completing four years at the university without the need to transfer from one institution to the other. This is because his expenses at the community college for two years would increase his expense figures if he still goes ahead to transfer to the university in comparison to if he just does 4 years straight at the university.
