Mariana wants to attend Texas A&M. One year at Texas A&M costs approximately $28,000. She currently has $7,000 in savings. Mariana has received a one-time grant of $1,000 and an annual academic scholarship for $6,000. She plans to enroll in the work study program that will pay $10,000 annually for part-time work. How much will Mariana need to borrow in student loans in order to attend Texas A&M for 4 years?

$58,000

Step-by-step explanation:

Total money that Mariana will generate:

Savings = $7,000

One-time grant = $1,000

Annual academic scholarship = $6,000

study program = $10,000/year

Study program for 4 years = $40,000

Total = $7,000 +  $1,000 + $6,000 + $40,000

Total = $54,000

Total money that Mariana will generate for her 4 years = $54,000

Cost of fee at Texas A&M per year =  $28,000

Cost of fee at Texas A&M for 4 years =  4*$28,000 = $112,000

Amount Mariana will have to borrow to attend Texas = $112,000 - $54,000

Amount Mariana will have to borrow to attend Texas = $58,000

Hence Mariana will have to borrow $58,000 in student loan to attend Texas A&M for 4 years

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step-by-step explanation:

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