. Lives in a suburb of San Jose, CA and is trying to decide between
San Jose State University and Santa Clara University
Both are close to home, but she wants to live on campus instead
of with her mother and stepfather
She came across the Consumer Financial Protection Board's
school comparison tool and decides to input her numbers
Qualifies for $5000 in Pell Grants and $9000 in outside
scholarships won through an essay contest
Has saved $1500 she can contribute toward tuition; her parents
cannot afford to help
Got $3000 in Perkins loans, $3000 in Federal Subsidized loans,
and $2500 in Federal Unsubsidized loans
Is going to take any of the remaining balance in private loans at
an interest rate of 7.9%
11. How much debt will she have at graduation for San Jose State University? What will her monthly loan payment
be?
No