Wednesday, November 25, 2015

Calculator: What Will It Take to Save for a College Education?

Plan today for your child's bright tomorrow. Use this calculator to anticipate education expenses and see how your savings plan will meet them. (As a guide, inflation in 2015 is expected to be about 3%.)

Then be sure to turn to the credit union for savings plans and student loans for all your family's scholars.

What Will It Take to Save for a College Education?

Annual tuition and expenses
(today's dollars)
Years of college

Years until college

College savings so far
Amount you can save monthly
Estimated rate of return on investments

Estimated inflation rate

Federal tax rate

State tax rate

First year cost $
Total cost of education $
Your savings plan will save $

Provision of this calculator is not an offer of credit. Its use in no way guarantees that credit will be granted. This calculator is solely for informational purposes and provides reasonably accurate estimates; the calculations are not intended to be relied upon as actual loan computations.

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