Education Fee Planning Calculator

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

education by the time they are ready

to start University.

 

 

This calculator will help you to determine how much money you need to invest on a monthly basis now,

inorder to be able to pay for your child's education by the time they are ready to start University. 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 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.

 
1. Student's name.
Instruct/Explain
2. Years till University.
3. Current savings.
4. Outside funding.
5. Gross annual income.
6. Est. Annual Inflation Rate.
7. Student Type. Resident
Commuter
8. University type. Public
Private
9. University location. In-state
Out-of-State
10. Start year.
Instruct/Explain
11. Future tuition cost.
12. Current savings FV.
13. Future savings/funding.
14. Total savings gap.
15. Monthly deposit required.
16. Percent of annual Income.