This calculator will help you to determine how much money you need to invest on
a monthly basis now, in order to be able to pay for your child's college education
by the time they are ready to start college. The calculator allows you to choose
between In-State and Out-of-State, between Resident and Commuter and between Public
or Private -- and adjusts the estimated costs according to those selections. Plus,
the calculator even adjusts the future cost of attending college based on your own
estimated rate of inflation.
Projected Total Four-Year Costs of Attending College: Four-year
costs are based on The College Board's Annual Survey of Colleges for the 2005-2006
school year and include tuition, room and board (adjusted by "resident"/"commuter"
selection), transportation, books, and other expenses. The costs are enrollment-weighted
and inflated based upon your selected estimated annual rate of inflation. An 8%
annual return on investment is assumed but does not represent a specific security.
The calculator also assumes no additional investments or earnings once the child
starts school and that investments are made at the beginning of each school year.
The large text box will display detailed instructions/information when clicking
in or tabbing into any text box.
More Calculators