Homework Answers
| Inflation Rate | 7% | |
| Public University Cost per year | $ 21,250 | |
| Private University Cost per year | $ 43,750 | |
| Additional Cost for Supplies | $ 4,400 | |
| Cost for Sophomore Year in a Public College (3 Years from now) | ||
| Tuition Fee at Public College (A) | $ 21,250*(1.07)*(1.07)*(1.07) | $ 26,032 |
| Additional Cost for Supplies (B) | $ 4,400*(1.07)*(1.07)*(1.07) | $ 5,390 |
| Total Cost for the Freshman Year at a public university | (A) + (B) | $ 31,422 |
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and fees) to attend a public college takes nearly a third of the
annual income of a typical family with college-age children
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dollars
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