Heritage 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 2005 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

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©2006 Heritage Federal Credit Union, All Rights Reserved.
Serving Vanderburgh and Warrick County - Evansville, Newburgh and Boonville.

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