The rising costs of a college education can be daunting for parents looking to send their children through school. That's why it pays to plan ahead. Whether you have already begun a college investment plan or have yet to start one, the following seven questions will help you find out where you stand.
If you have more than one child, complete this calculator for each child. When finished, click Submit.
What do you estimate are the current annual costs - including tuition, room and board, fees, and other expenses - to attend one year at the college of your choice? |
How much of these costs do you expect will be covered by financial aid (using current dollars)? |
In how many years will your child enter his/her first year of college? |
1 |
For how many years will your child attend college? |
2 |
How much do you currently have saved for your child's education? |
How much are you currently saving annually for your child's education? |
Which annual rate of return do you expect to earn on your education savings? |
5% |