One reason a student may seek a federal student loan instead of a private student loan is that

They are issued in cooperation with the student’s university to reduce costs and paperwork.
They have lower interest rates and can be paid back with lower out-of-pocket costs.
They are backed by the US government to ensure greater financial security.
They are available to any student who meets lending standards, regardless of financial need.

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.