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Carol's University Puts a Cap of $10,000 on the Combined

Question 64

Multiple Choice

Carol's university puts a cap of $10,000 on the combined aid and scholarship money a student can receive.As a freshman,Carol had received $7,500 in combined loans and scholarships.For her sophomore year,Carol won a competitive $5,000 scholarship,and her previous aid package was reduced by $2,500.According to prospect theory,what will Carol's strongest feeling be?


A) pride in winning the $5,000 scholarship
B) happiness about the added $2,500 in her aid package
C) sadness over losing $2,500 of her previous aid package
D) happiness over having scholarship and aid money

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