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    News and Information

    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
    Federally Insured by NCUA. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
    We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.