How Much Should I Be Saving For College?

With college costs increasing at twice the rate of inflation, it is important to start saving early. Interest working for you now in a regular savings program is much better than having interest work against you in the future in the form of education loans.
     
  Current Savings and Assumptions

Input
  Annual college cost inflation: (%)
  Amount saved so far
Name Age School
Age		 Years
Attending		 Annual
Cost
  Recommended Savings Assumptions

Before-tax return: (%)
Marginal tax bracket: (%)
  Annual increases: (%)
     
 

Any rate of return entered into the calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

The information provided here is to assist you in planning for your future. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please not that individual situations can vary. Therefore, the information should be relied upon when coordianted with individual advice from qualified professionals.