Question

Raul is considering going to college for another year. He is creating a chart of the costs and benefits of this decision. He knows that tuition will cost $10,000, but he has a scholarship for $8,500. Should he decide to attend the college

Answer 1

Given the finances mentioned in the question, Raul should consider attending the college given that he is in possession of a scholarship that greatly reduces cost while allowing for the same benefit.

Why is the scholarship an important factor?

• The scholarship is very important because it reduces cost.
• The sharp reduction in cost allows Raul the opportunity to receive the same benefits of attending college, without the high cost.
• Financial opportunities are often rare and should be taken when possible.

Therefore, we can confirm that Raul should decide to attend the college in order to take advantage of a financial opportunity and receive the same expected benefits at only a fraction of the initial cost of service.

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