Working in a 21st century high school, there is a focus on preparing students for college. I designed this activity for a group of freshman at an Early College to look at the true cost of college. In this activity, students choose the college of their choice and research the cost of tuition and room and board for one year. The students are then given 4 loan options and have to use compound interest formula's to calculate the amount of their loan after one year. At the end, students choose which loan option is the best and research financial aid options. Students will have to do annual compounding, monthly compounding, and continuous compounding. The file is editable so you can personalize it to your students if needed. Hope you enjoy!