How much should I be saving for college?
With the cost of college education rising at rates much greater than that of core inflation, the need to begin saving early to meet your education savings goals is essential. Below is a projection that calculates the estimated cost of a students education and an estimated savings goal to meet this future college cost.
The above is a projection used for illustration purposes only and no assurance is given, nor should it be implied that these results can be achieved. The investment return assumptions are estimates. Past performance does not guarantee future performance. There may be additional costs associated with attending college not reflected in this illustration. The tax rate used in this illustration is based on information provided by you or known to us through other information you previously provided. Inflation is based on the 10 year average (3.50%) inflation from 2005-2015 as stated by the College Board - source: http://www.finaid.org.
