1. Hi One Class Team

   I hope this message finds you well. My name is Santiago Medina, a current senior student in the International Baccalaureate program in Quito, Ecuador. Over the past year, I applied to various universities in the United States, and I am pleased to inform you that I have been accepted into three of them: The University of Texas at Austin, Purdue University in the Honors College, and the Florida International University in the Honors College.

   My current challenge lies in the lack of financial assistance to fulfill my dream of studying at a highly demanding university. Therefore, I am reaching out to you seeking guidance on how to apply for your scholarships. I would appreciate detailed information on the application process and the necessary steps to enhance my chances of securing financial aid.

   Your assistance in this matter would not only be greatly appreciated, but would also significantly bring me closer to achieving the dream I have worked for my entire life.

    I appreciate your time and consideration in advance.

   Best regards,

    

   Santiago Medina E.

   +593991934343

   Quito Ecuador

The University of Texas at Austin will phase out its National Merit Scholarship program starting next year so it can use the money for need-based scholarships. Read the Wall Street Journal article University of Texas Drops Merit Program for Need-Based Aid by Tom Benning. What is the opportunity cost of offering merit aid?

A college student determines that he will have only $200 per month available for his housing for the coming semester. He is determined to continue in the university, so he has decided to list all feasible alternatives for housing.

To help him, list five feasible alternatives.

* these are all the information I have for this question and I do not know the expenses in the university

Some university students think that because a university degree greatly increases their earning potential there is no opportunity cost of attending university. How would an economist look at the matter? a. There is no opportunity cost, assuming that future earnings actually increase as expected. b. The opportunity cost is much less than it would appear, assuming that earnings increase. c. Opportunity cost is a meaningless concept in this situation. d. The university students are completely correct in all respects. e. There is still an opportunity cost, even if it is justified by higher future earnings.