Annika is attending college next year. She just got information on the college costs and the financial aid package the college is offering. Annika knows her parents can contribute $7,500 each year.

Annika’s College Costs & Financial Aid Package per Year
Costs

Financial Aid Package
Tuition & Fees

Grants & Scholarship
$21,500

$10,500
Room & Board

Work-Study
$13,500

$9,000


How much will Annika need to pay each year from her own savings and from loans?
$8,000
$11,000
$15,500
$17,000