Providing for a child's education is the goal of many parents. Use this calculator to determine how much it could cost to send your child to college.
Age of Child: 0123456789101112 131415161718192021 Current Annual College Cost*: Amount Saved to Date: Estimated Inflation Rate: 0.0% 0.5% 1.0% 1.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% Hypothetical Rate of Return (After Tax): 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0%
*The College Board indicates that in 1999 the national average cost of one year of college was $7,773 for a public institution and $20,273 for a private institution. These costs include room, board, and tuition.
IMPORTANT LEGAL INFORMATION: This is an educational tool designed to provide you with feedback based on the information that you input and is not intended as investment advice. This is not a recommendation to buy or sell any particular product or security or a definitive answer to your personal financial situation. For a thorough analysis of your financial situation, please contact your financial adviser.
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