| 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 college education by the time they are ready
to start college. 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 for the 2000-2001 school year 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. DO NOT use commas,
dollar signs or othere characters. Use only decimals and numbers.
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