Lauren was accepted at three different graduate schools, and she must choose one. Elite U costs $65,000 per year and did not offer Lauren any financial aid. Lauren values attending Elite U at $80,000 per year. State College costs $32,000 per year and offered Lauren an annual $10,000 scholarship. Lauren values attending State College at $45,000 per year. NoName U costs $20,000 per year and offered Lauren a full $20,000 annual scholarship. Lauren values attending NoName at $15,000 per year.