Answer:
The correct answer option is A. $4,400.
Step-by-step explanation:
Cost of the tuition and fees for 1 year = $12,500
Grants and scholarships for 1 year = $6500
Cost of room and board for 1 year = $8200
Cost for work study for 1 year = $9800
So basically, Marcel pays = (tuition and fees + cost of room and board)
= $12,500 + $8,200 = $20,700
He can pay through the (grants and scholarships + cost for work-study) = $6,500 + $9,800 = $16,300
Therefore, Marcel needs to borrow = $20,700 - $16,300 = $4,400
