Elisa is nearing graduation. She just met with her counselor and he showed her this information.

Elisa’s College Costs & Payment Options per Year
Costs
Methods of Payment
Tuition & Fees
Grants & Scholarship
$9,500
$9,500
Room & Board
Work-Study
$11,500
$8,000

If she pays the balance with a student loan, how much will she need to borrow for all four years?
$0
$3,500
$11,500
$14,000