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Back to 6.9 Understanding Student Loans

6.9 Exercise 1

Avg difficulty 2.5

Ishraq receives her award and tuition letter from the college she wants to attend. Her tuition, fees, books, and room and board all come to $24,845 for the year. Her non-loan awards include an instant scholarship from the school for $7,500, a scholarship she earned for enrolling in a STEM program for $3,750, and a $1,000 scholarship from her church. What is Ishraq’s college funding gap?

OpenStax Contemporary Mathematics, 6.9 Understanding Student Loans, exercise 1

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Adapted from Contemporary Mathematics © 2023 Rice University. Licensed under CC BY 4.0. Source: Contemporary Mathematics. Imported at revision fa7c1a1.