Alphonse is attending college next year. He received this offer from a university. His parents told him they would pay for his room and board if he lives at home instead of in the dorms. He would only need to pay $2,000 for his car and insurance if he lives at home. Financial Analysis for University Costs per Year Financial Aid Package per Year Tuition & Fees Scholarships & Grants $10,500 $4,000 Room & Board Work-Study $11,500 $2,000 Which statements about the offer are true? Check all that apply. The total cost per year is $22,000 if he lives in the dorm. He would save $9,500 per year if he lives at home. He would save $11,500 per year if he lives at home. He has $6,500 in expenses that are not covered by financial aid if he lives at home. He has $4,500 in expenses that are not covered by financial aid if he lives at home. He will need to repay the $24,000 in scholarships, grants, and work-study money he receives during the four years of college.

The total cost per year is $22,000 if he lives in the dorm.
He would save $9,500 per year if he lives at home.
He has $4,500 in expenses that are not covered by financial aid if he lives at home.

Given:

Alphonso will have to play for the room and the board incase he lives at home instead of in the dorms.

The amount to be paid by him for the following items is:

Car + Insurance = $2000

Financial Analysis for University Costs per Year + Financial Aid Package per Year Tuition + Fees Scholarships & Grants = $10,500

Room = $4,000

Board Work = $11,500

Study = $2,000

Going with options

The total cost per year if he lives in the dorm = $22000

($10,500 + $11,500 = $22,000)

He would save $9,500 per year if he lives at home.

Total cost of staying at dorm = $22,000

Total cost of staying at home = $13,000

Savings = $22,000 - $12,500 = $9,500

He has $4,500 in expenses that are not covered by financial aid if he lives at home.

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