Question

Ethan is in his third year of college and has run out of savings to pay for school. However, he is determined to

finish his degree and graduate. Tuition for his fourth year will amount to $9,000 not including his living expenses. If he keeps his GPA up this semester, he can maintain his academic scholarship for $3,000 and his federal grant for $2,000. This still leaves $4,000 for tuition plus his living expenses, and he only has four months to come up with the money. 1. If Ethan does now want to use student loans, how can he pay for the rest of school in time? 2. Does it make sense for Ethan to take a year off of school to raise the money? 3. Other than using the financial aid options offered to him, what are some creative ways he can make ends meet?

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