3. Miley and Western Dakota State University
Miley plans to go out-of-state to Western Dakota State University to major in petroleum
engineering, and the sticker cost of that school is $32,000. Her financial planning, so far,
includes:
FMiley's parents agree to provide $4,500 per year
G She receives $1,000 in high school graduation gifts from friends and family
She qualifies for $3,000 in work-study funding once she gets a campus job
14. Use the following codes to categorize each fund amount. Write one code on each
line above:
o Family Contributions - F
o Gift Aid - G
o Income - I
o Savings - S
15. What is the net price for Miley at Western Dakota State University during her first
year?
16. When you consider savings and family contributions, how much of the cost for her
first year does Miley have to cover using loans?