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 2000-2001 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 tabing
into any text box. DO NOT use commas,
dollar signs or othere characters. Use only decimals and numbers.
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