Business, 07.12.2020 16:30 ashley352

Meet Megan: Lives in a suburb of San Jose, CA and is trying to decide between San Jose State University and Santa Clara University Both are close to home, but she wants to live on campus instead of with her mother and stepfather She came across the Consumer Financial Protection Board’s school comparison tool and decides to input her numbers Qualifies for in outside scholarships won through an essay contest Has saved $1500 she can contribute toward tuition; her parents cannot afford to help Got $3000 in Perkins loans, $3000 in Federal Subsidized loans, and $2500 in Federal Unsubsidized loans Is going to take any of the remaining balance in private loans at an interest rate of 7.9% How much debt will she have at graduation for San Jose State University? What will her monthly loan payment be?

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Meet Megan: Lives in a suburb of San Jose, CA and is trying to decide between San Jose State Univers...

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