Problem:
A degree program costs $50,000 in total expenses. $30,000 in tuition and $20,000 in housing and books. The US government provides a grant for $10,000 of the tuition. Moreover, the university pays $20,000 of the $30,000 tuition in salary to your instructors. Being in the program is so muc fun, you are willing to to pay a net of $5,000 for the pleasure.
Required:
Question: What is the net cost of the education to you?
Note: Please provide step by step solution.