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A prestigious private high school has made available to local families
[#permalink]
16 Apr 2024, 01:30
16 Apr 2024, 01:30
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Difficulty:
35%
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Question Stats:
80% (02:06) correct
20%
(02:46)
wrong
based on 161
sessions
A prestigious private high school has made available to local families a tuition prepayment plan to ease the burden of paying the school’s hefty tuition when a student matriculates. The plan allows parents of children under three years old to reserve a spot for their child at the school by making a payment of one-fourth of the current annual tuition for the high school. The parents then make an identical payment every year for the next 15 years, and the student’s full four-year tuition is considered paid in full, regardless of how much the regular tuition payments have risen in the intervening years.
Under which of the following circumstances would taking part in the prepayment plan NOT be advisable for parents?
A. If the tuition at the school has risen an average of 4 percent per year for the last twenty years
B. If the child in question is particularly talented at math, but the high school is more known for its advanced humanities programs than its math program
C. If the parents of the child in question are uncertain that they will reside in the state for more than 10 years
D. If the school has an arrangement with the local university whereby students can take courses at the university if they have surpassed the level of courses offered at the high school
E. If the school offers athletic scholarships to a small number of talented athletes
Under which of the following circumstances would taking part in the prepayment plan NOT be advisable for parents?
A. If the tuition at the school has risen an average of 4 percent per year for the last twenty years
B. If the child in question is particularly talented at math, but the high school is more known for its advanced humanities programs than its math program
C. If the parents of the child in question are uncertain that they will reside in the state for more than 10 years
D. If the school has an arrangement with the local university whereby students can take courses at the university if they have surpassed the level of courses offered at the high school
E. If the school offers athletic scholarships to a small number of talented athletes
Re: A prestigious private high school has made available to local families
[#permalink]
16 Apr 2024, 03:39
16 Apr 2024, 03:39
1
Kudos
I feel answer should be C of this because
A) irrelevant even if tuition fee rises there wont be any effect
B) This is highly subjective and speaks with respect to only two particular subjects which may or may not have any direct or indirect influence in fees
C) Yes if the parents shift, it can directly affect and wont be advisable for parents to take this plan because you never know the student might study in a different state or university after growing up
A) irrelevant even if tuition fee rises there wont be any effect
B) This is highly subjective and speaks with respect to only two particular subjects which may or may not have any direct or indirect influence in fees
C) Yes if the parents shift, it can directly affect and wont be advisable for parents to take this plan because you never know the student might study in a different state or university after growing up
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Joined: 05 Jun 2022
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Location: India
GMAT Focus 1:
605 Q84 V76 DI80
605 Q84 V76 DI80
GMAT 1: 540 Q45 V27
Re: A prestigious private high school has made available to local families
[#permalink]
16 Apr 2024, 04:25
16 Apr 2024, 04:25
1
Kudos
Answer: C
A. If the tuition at the school has risen an average of 4 percent per year for the last twenty years - The parents then make an identical payment every year for the next 15 years, and the student’s full four-year tuition is considered paid in full, regardless of how much the regular tuition payments have risen in the intervening years.
B. If the child in question is particularly talented at math, but the high school is more known for its advanced humanities programs than its math program - Program is not directly related to the Prepayment plan.
C. If the parents of the child in question are uncertain that they will reside in the state for more than 10 years - The prepayment plan requires a long-term commitment.
D. If the school has an arrangement with the local university whereby students can take courses at the university if they have surpassed the level of courses offered at the high school - This arrangement doesn’t directly impact the prepayment plan
E. If the school offers athletic scholarships to a small number of talented athletes - Irrelevant. prepayment plan focuses on tuition payment structure.
A. If the tuition at the school has risen an average of 4 percent per year for the last twenty years - The parents then make an identical payment every year for the next 15 years, and the student’s full four-year tuition is considered paid in full, regardless of how much the regular tuition payments have risen in the intervening years.
B. If the child in question is particularly talented at math, but the high school is more known for its advanced humanities programs than its math program - Program is not directly related to the Prepayment plan.
C. If the parents of the child in question are uncertain that they will reside in the state for more than 10 years - The prepayment plan requires a long-term commitment.
D. If the school has an arrangement with the local university whereby students can take courses at the university if they have surpassed the level of courses offered at the high school - This arrangement doesn’t directly impact the prepayment plan
E. If the school offers athletic scholarships to a small number of talented athletes - Irrelevant. prepayment plan focuses on tuition payment structure.
