28
QuizMultiple Choice

Planning for the Cost of College

Question 28 • Personal Finance - SC 26-27 (For Credit)

Catherine is using the table to predict the cost of one year of education at a four-year private college. CategoryPredicted Costtuition$32,250room and board$10,590transportation$2,460books and fees$1,980other$750She predicts she will receive $14,000 in grants annually. Catherine does not own a car and plans to live near campus where she will rely on the free bus system for transportation. What is the minimum amount Catherine should expect to contribute to her education annually?

Answer
A
$31,570
B
$34,030
C
$45,570
D
$48,030

Explanation

Because Catherine will use the free bus system, she does not need to include the $2,460 transportation cost. Her remaining annual costs are $32,250 + $10,590 + $1,980 + $750 = $45,570. After subtracting her $14,000 in grants, she should expect to contribute $31,570, which is choice A.

AI-written and checked against the verified answer.

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