| 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.
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