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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