If a student stays in his hometown he can go to an in state college at a reduced tuition of 8 800 per year and pay 900 per month in rent Or he can leave home go to an out of state college with a 10 000 scholarship per year pay 19 500 per year in tuition and pay 450 per month to live in a dormitory He will pay 1500 per year to travel back and forth from the out of state college Assuming all other factors are equal which is the less expensive choice on an annual 12 month basis The yearly expense of the in state college is an annual basis the less expensive choice is the Simplify your answers and the yearly expense of the out of state college is Thus on college