Question

Janelle's family earns about $60,000 per year. She has been accepted to State U and
Greenlawn College and is comparing their financial aid packages.
State U:
.
Sticker price = $28,000
• Net price = $12,000
Greenlawn College:
• Sticker price = $60,000
• Net price = $9,000
Which statement below is TRUE?

Answer 1

I don’t know but 9,000

Answer 2

Based on the evaluation of information given, the true statements for the option are ;

• state university has a lower sticker price than greenlawn.

• greenlawn college is providing janelle more grants and scholarships.

• one factor that impacts net price is family income.

Given the packages for State University and Greenlawn College :

• Grants and scholarships = Sticaker price - net price

Green lawn scholarship = $60000 - $9000 = $51000

State university = $28000 - $12000 = $18000

The net price is the amount which the student actually pays for entry. Hence, Green lawn College is the best option for Janelle if decison is strictly based on cost.

A sticker price of $28000 is lesser than $60000. Hence, State University has a lower sticker price.

In determining, net price, the family income is a strong factor which is usually considered.

Hence, the false statement is ; if making a decision strictly based on cost, janelle's' best option is state university

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