marcel is nearing graduation. he just met with his counselor and she showed him this information. marcels…

marcel is nearing graduation. he just met with his counselor and she showed him this information. marcels college costs & payment options per year costs methods of payment tuition & fees grants & scholarships $12,500 $6,500 room & board work - study $8,200 $9,800 if he pays the balance with a student loan, how much will he need to borrow for his first year? $4,400 $6,000 $10,900 $14,200

marcel is nearing graduation. he just met with his counselor and she showed him this information. marcels college costs & payment options per year costs methods of payment tuition & fees grants & scholarships $12,500 $6,500 room & board work - study $8,200 $9,800 if he pays the balance with a student loan, how much will he need to borrow for his first year? $4,400 $6,000 $10,900 $14,200

Answer

Explanation:

Step1: Calculate total costs

Add tuition & fees and room & board. $12500 + 8200=20700$.

Step2: Calculate total payment

Add grants & scholarships and work - study. $6500 + 9800 = 16300$.

Step3: Calculate loan amount

Subtract total payment from total costs. $20700-16300 = 4400$.

Answer:

$4400$