1.List two colleges or universities you might want to attend. What are the tuition costs and other fees each school charges? 2. Estimate how much you will spend on your college education, including tuition and fees, room and board, and other possible expenses such as transportation.
3. List some of the financial aid options available to you.
4. Assume that you will take out loans to pay for your college-related expenses. Based on the schools you chose, as well as other possible expenses, calculate how much in loans you will need to borrow. Assuming you get 15-year loans at a 5 percent interest rate, what will the eventual monthly payment be on these loans?