For a student who owns his or her own home and doesn't plan to live in the dorm, the cost of going to college is:
A)tuition and the cost of housing.
B)tuition, the cost of housing, and the cost of books.
C)tuition, the cost of books, and forgone income.
D)forgone income only.

Question

Quizplus · Accepted Answer

The cost of going to college for a student who owns their home and doesn't plan to live in the dorm includes tuition, the cost of books, and the opportunity cost of forgone income from not working. Housing costs are not included since the student owns their home.

For a Student Who Owns His or Her Own Home