College Tuition and Funding Analysis

The video tutorial explains how to estimate college tuition costs by considering various funding sources such as parental contributions, scholarships, and personal savings. It also covers calculating total expenses, including tuition and living costs, to determine the necessary student loan amount. The example provided demonstrates a step-by-step approach to summing available funds and expenses over four years, resulting in an estimated student loan requirement.

What is the first step in calculating college tuition?

• Choosing a college

• Applying for a student loan

• Calculating living expenses

• Identifying sources of funding

How much do the parents contribute annually towards tuition?

• $1,000

• $3,000

• $3,700

• $5,400

What is the total amount saved from the summer job?

• $1,000

• $3,000

• $5,400

• $3,700

What is the estimated annual tuition cost?

• $5,400

• $19,700

• $3,000

• $11,000

How much are the estimated living expenses per year?

• $11,000

• $5,400

• $3,000

• $19,700

What is the total amount of available funds over four years?

• $65,600

• $19,700

• $11,000

• $46,000

What is the total estimated expense over four years?

• $19,700

• $46,000

• $65,600

• $11,000

What is the expected student loan amount?

• $11,000

• $46,000

• $19,700

• $65,600