So you
think you are serious about planning for your loved one's educational expenses,
right? Fill in the form below to see just how close you are to reaching your
Financial Goal. |
|
|
LEGEND |
Financial
Goal- |
The total cost of the four-year college
education, taking into account the inflating annual tuition increases. The current average
annual cost of tuition, room, and board is estimated by Peterson's Undergraduate Database
as $11,420. If you inflate this value at 4%, then in fifteen (15) years the cost
will be around $20,500/yr. Esitmate the future costs that you will be liable for by
evaluating how many years away the funds will be needed, the current college costs, and
what inflation rate the costs will be incurring. Multiply this amount by four and
figure in any financial aid and scholarships you think might be applied. |
| Present Value- |
The funds that you currently have set
aside for the secondary education. |
| Amount Invested/mth- |
This is the amount which you plan on
investing per month to reach your Financial Goal. Adjust it accordingly if
quarterly or annual installments are desired (eg. $1,000/yr = $83.33/month). |
| ROI %- |
The annual return on investment you
expect to receive on the funds you invest for the education costs. It is not
recommended to assume an ROI of above 12% when planning for the future. |
| Years- |
The amount of time necessary to reach
your Financial Goal assuming the given data. |
| Investment Gain ($)- |
The amount of money you have made on
your investments. |
