Relating Income and Careers Practice Test

Net cost after grants is the actual amount you owe after gift aid is applied. To find it, subtract the total grants Marco receives from his total cost of attendance for the year. Gift aid lowers the bill since it doesn’t have to be repaid, whereas loans don’t reduce the net cost of attendance in this calculation. Using the data given, this subtraction results in 15,300, which is why that amount represents Marco’s annual net cost after grants.