| 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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