|
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 2007-2008 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. |
