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Introduction College students throughout the nation strive to achieve their career goals and aspirations while broadening their horizons with their post-secondary educations. Affording that college education is a prominent issue these students must take Many options are available, one of which is getting a student loan. In this project, you will be investigating the affordability of one year's worth of college life and determining what student loan options would most fit your budget and needs. Task: You will use economic concepts, formulas, and mathematical calculations in deciding hypothetically, all of the expenses that you will incur in a year's worth two semesters, for most colleges) of college education and how to finance these costs. Procedure 1. For this project, you will take on the role of a student who will be transferring to an undergraduate college to finish your baccalaureate studies. After a bit of research, pick a college you would like to attend, and best fits your needs 2. You will need to determine the total cost of attendance (CoAfor a year at the school a many factors contribute to the Co-you will need to research your college's website and any other online resources to itemize and calculate all costs incurred for attending this school. (Costs can include tuition, room and board, textbooks and supplies, etc.) Print out all of the online resources you utilize to verify and justify your costs. List out an temization of all the expenses you will incur to attend your college for one year. Sum up these numbers -- this is the total CoA and will be used in your student loan calculations 3. You will be financing the entire CoA in a student loan. You are offered the following student loan options below after filing the Free Application for Federal Student Aid and other necessary paperwork Choose three companies from the following list (Citi Assist from Citi Bank, Discover Student Loan, Bank of America Student loan, Citizen Bank Student loan, MCU student loan, and Wells Fargo Bank Student Loan Assume you will begin repayment for a loan six months after the completion of your post-secondary education. For each of your loan choice, using a repayment period of 10 and 20 years, calculate The loan's monthly payment for each repayment period The total amount that will be paid back The total amount of interest paid 4. Weighing the above numbers and other pertinent considerations, decide which loan you will go with, Be sure to explain the mathematical and other financial and personal factors that play a role in your decision-making process. Be clear as to why your loan choice works best for you Project Format Title Page .Itemization of college education expenses, as required in 22 Table (similar as below ) mapping out all loan options, as required in 3 Written summary required in #4 [include a brief statement about what you learned from this project.) A page consists of payment calculations justifying your math. Printouts and supplements supporting your numbers for 20 any of the above items from the Project Format are missing from your final project, points will be deducted from the project prade Introduction College students throughout the nation strive to achieve their career goals and aspirations while broadening their horizons with their post-secondary educations. Affording that college education is a prominent issue these students must take Many options are available, one of which is getting a student loan. In this project, you will be investigating the affordability of one year's worth of college life and determining what student loan options would most fit your budget and needs. Task: You will use economic concepts, formulas, and mathematical calculations in deciding hypothetically, all of the expenses that you will incur in a year's worth two semesters, for most colleges) of college education and how to finance these costs. Procedure 1. For this project, you will take on the role of a student who will be transferring to an undergraduate college to finish your baccalaureate studies. After a bit of research, pick a college you would like to attend, and best fits your needs 2. You will need to determine the total cost of attendance (CoAfor a year at the school a many factors contribute to the Co-you will need to research your college's website and any other online resources to itemize and calculate all costs incurred for attending this school. (Costs can include tuition, room and board, textbooks and supplies, etc.) Print out all of the online resources you utilize to verify and justify your costs. List out an temization of all the expenses you will incur to attend your college for one year. Sum up these numbers -- this is the total CoA and will be used in your student loan calculations 3. You will be financing the entire CoA in a student loan. You are offered the following student loan options below after filing the Free Application for Federal Student Aid and other necessary paperwork Choose three companies from the following list (Citi Assist from Citi Bank, Discover Student Loan, Bank of America Student loan, Citizen Bank Student loan, MCU student loan, and Wells Fargo Bank Student Loan Assume you will begin repayment for a loan six months after the completion of your post-secondary education. For each of your loan choice, using a repayment period of 10 and 20 years, calculate The loan's monthly payment for each repayment period The total amount that will be paid back The total amount of interest paid 4. Weighing the above numbers and other pertinent considerations, decide which loan you will go with, Be sure to explain the mathematical and other financial and personal factors that play a role in your decision-making process. Be clear as to why your loan choice works best for you Project Format Title Page .Itemization of college education expenses, as required in 22 Table (similar as below ) mapping out all loan options, as required in 3 Written summary required in #4 [include a brief statement about what you learned from this project.) A page consists of payment calculations justifying your math. Printouts and supplements supporting your numbers for 20 any of the above items from the Project Format are missing from your final project, points will be deducted from the project prade