14-2: TEKS Practice

  • 1. One of the colleges Adrian is considering has an estimated cost of attendance of $28,385. His expected family contribution (EFC) is $9,265. What is his financial need?

  • 2. Which ways of paying for college would be considered the financial responsibility of the student or the student's family? Select all that apply.

    • A. Savings

    • B. Work-study

    • C. Expected family contribution (EFC)

    • D. Scholarships

    • E. Grants

    • F. Loans

  • 3. Mia receives the following financial aid package for a two-year college. The college has an estimated cost of attendance of $15,625. She has an expected family contribution (EFC) of $9,175. How much of the cost of attendance will she and her family be responsible for paying in the first year?

  • 4. At graduation, Daisy owes $15,800 in student loans at 5.2% annual interest. There are also loan fees that total 2% of the principal. She uses a loan calculator to find the monthly payments for a 10-year loan. Assume she follows the loan repayment schedule.

    • a. What is the total cost of her loan?

    • b. If there were no loan fees, would Daisy's monthly loan payment be less than or greater than $172.51? Explain your reasoning.

  • 5. At graduation, Laura's family has paid $19,020 toward the total cost of her 4-year education. She owes $9,370 in student loans at 5% annual interest. She uses a loan calculator to find the monthly payments for a 10-year loan. Assume Laura follows the loan repayment schedule.

    • a. What is the total cost of her 4-year college education, including the total cost of the loan?

    • b. How much does she pay in interest?


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Table of Contents

Digits, Grade 8, Volume 2, Homework Helper Unit D: Two-Dimensional Shapes Unit E: Measurement and Data Unit F: Personal Financial Literacy Unit G: Step-Up Lessons English/Spanish Glossary Formulas Math Symbols Formulas Measures Properties