View Results

Cash Flow

College

Credit & Debit

Home & Mortgage

Taxation

Insurance

Paycheck & Benefits

Qualified Plans

Retirement

Saving

Investment

Auto

Business

Other

College Savings Calculator

Combien dois-je économiser pour les études supérieures ?

En raison des coûts croissants pour les études supérieures qui représentent le double du taux d’inflation, il est important de s’y prendre tôt pour économiser. Il vaut bien mieux toucher des intérêts maintenant sous forme d’un programme d’épargne plutôt que d’avoir à payer des intérêts plus tard en raison d’un emprunt pour faire des études.

Informations personnelles

Épargne actuelle et présomptions

help
NomAge présent
(0 à 30)		Age au moment de commencer des études supérieures
(0 à 30)		Années de présence
(0 à 20)		Montant annuel

Présomptions

help
help

Icon of a dollar sign

Saving For a Child’s College Education

Paying for college is not a one-shot, one-year affair. Parents and grandparents will have to think in terms of four years for a baccalaureate, six years or longer for a graduate or professional degree, and an eternity if they have seven bright students spaced two or three years apart. Since you may be paying college bills for many years to come, it is essential to understand a bit more about the overall college cost environment.

Tuition costs continue to outpace inflation. According to the College Board, average tuition and fees for four-year public colleges have increased at a rate almost three times that of inflation. There are several reasons for the rapid increase in tuition

  • Faculty salaries must be raised to attract new professors and to keep tenured ones from leaving.
  • Maintaining old buildings is very expensive.
  • Colleges must continually update technology to remain competitive.
  • The number of high school seniors is declining, so fixed costs are spread among fewer paying customers.
Click here for full article
Icon of a magnifying glass

How to Begin the College Search

Many people put off planning for their children's educations until the kids are well into their teens. Often, they discover they've waited too long. With a late start, they have little time to accumulate the assets they need, and miss the chance to plan opportunities to maximize available financial aid. Ideally, the best time to begin planning for your children's education is the day you learn you're going to be a parent.

There are many factors to consider when planning for your child's education. These include whether you favor public, private, parochial, or home schooling, and how to pay for education. Many families even plan where to live by choosing which primary and secondary school districts their children will attend. Then there's higher education. College or trade schools?

Click here for full article
Icon of a pie chart

The Real Cost of College

Junior has just arrived home from the maternity ward, and like the model parent you are, you want to start investing to send the little nipper to Harvard. What should your asset allocation strategy be for this investment goal?

Unless you are wealthy, you will need to generate lots of capital to fund an Ivy League education. Fortunately, you have a fairly generous investment time horizon of 18 years or so. You might well consider placing most of your investment capital in stocks to generate as much growth as possible--keeping in mind that you might have to endure the occasional dip or even a couple of bear market years. If you are concerned about exposing all of your capital to the market, you might want to place a small portion of it -- say 20 percent -- in safer investments such as bonds.

Click here for full article

Definitions

  • Annual college cost inflationThe average annual increase in tuition, fees, books and room and board costs. Historically, this number has run as much as twice the rate of annual inflation.
  • Amount saved so farThe total amount you have set aside for college education needs.
  • NameThe name of the person that will be attending college.
  • Current AgeThe age of the student at the end of the current year.
  • College Start AgeThe age you/your student will start attending college.
  • Years AttendingThe number of years you/your student will attend college.
  • Annual CostThe total annual cost of college in today’s dollars. Be sure to include tuition, books, fees and room and board.
  • Before-tax returnThis is the annual compounded rate of return before taxes that you expect from your college investment accounts. Depending upon your saving accounts choices and your risk propensity, this can range significantly.
  • Marginal tax bracketThis is the tax rate that your college savings accounts will be subject to. If you are investing in a tax-deferred account such as a 529 plan you may want to enter 0% here.
  • Annual increasesWhen we recommend an annual savings amount that you will need to meet your college goals, this can be a level (0%) or increasing amount. Enter the annual increase that you would like the system to recommend. For example if your salary is increasing at 3% each year and you save the same percentage of your salary each year then you would enter 3% here.
Money Help Center
Les informations ci-après vous permettront d’analyser vos besoins financiers. Elles sont basées sur les renseignements et présomptations que vous avez donné concernant vos objectifs, attentes et situation financière. Le présent service ne saurait impliquer que la société doit assumer des fonctions fiduciaires. En outre, le dit service ne doit pas constituer la seule source d’information. Les informations nous sont fournies par des sources que nous considérons être fiables mais nous ne pouvons pas en garantir l’exactitude. Des illustrations d’hypothèses peuvent fournir des renseignements sur la performance passée ou présente. La performance passée ne garantit pas et ne sert pas à indiquer les résultats futurs.
Powered By CalcXML Calculators For Websites