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
Annual college cost inflation: (%)  
Amount saved so far ($) help
NameCurrent AgeCollege Start AgeYears AttendingAnnual Amount
Assumptions
Before-tax return: (%) help
Marginal tax bracket: (%) help
Annual increases: (%)  
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that the company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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