1. The following table represents the costs associated with attending Jackson College for the 2019-2020 school year. It assumes a student takes 16 credits. Costs Fall Winter Total a. Calculate the total cost of a degree assuming the Tuition $2,564 $2.564 $5.128 student completes in two years and lives on campus. Student Service Fee $736 $736 $1,472 b. Calculate the total cost of a degree assuming a student lives in the community and completes in two Estimated Class Fee $145 $145 $290 years. Room $2.900 $2.900 $5,800 Meal Plan $2,050 $2,050 $4,100 Books and Supplies $900 $900 $1,800 TOTAL 59.295 59.295 $18,5902. Assume the student borrows the full cost of attendance on day 1 and begins payments 6 months after graduating. Calculate the monthly payment of a subsidized loan (No interest earned before 1" payment) for both the on campus and community student. Loan Type First Disbursement Date Fixed Interest Rate Direct Subsidized & Unsubsidized 07/01/19 - 06/30/20 4.52996 Direct Subsidized & Unsubsidized 07/01/18 - 06/30/19 5.04596 Campus: Community: 3. Calculate the interest that would be earned before the 1" payment if the student took out an unsubsidized loan. (Hint: Interest is earned until the first payment is made) Campus: Community:4. Calculate the monthly payment for a direct unsubsidized loan for both students. (Note: P is the original amount of the loan plus the interest earned before the 1" payment is made.} Campus: Community: 5. What is the total cost of the degree for both students? Campus: Subsidized: Unsubsidized: Community: Subsidized: Unsubsidized