TMH Federal Credit Union

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 $
This calculator is solely for informational purposes and provides reasonably accurate results; the calculations are not intended to be relied upon as actual savings results computations.

Published March 3, 2000, Reviewed March 22, 2011



NCUA Equal Housing Lender
Printed Thursday, May 23, 2013

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