Jolene is graduating from high school in May. She received this offer from a university. Financial Analysis for UniversityCosts per YearFinancial Aid Package per YearTuition & FeesScholarships & Grants$9,800$11,000Room & BoardWork-Study$12,500$5,000Which statements about the offer are true? Check all that apply.

The yearly costs total $9,800 + $12,500 = $22,300. The aid package totals $11,000 in scholarships and grants plus $5,000 in work-study, or $16,000; neither is a loan that must be repaid, though work-study requires Jolene to work. The remaining cost is $22,300 − $16,000 = $6,300, which she could pay from savings or parental contributions, or cover with a student loan. Thus B is false because the offer lists no loan requiring repayment.

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