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TOOLS:   INVESTING   YOUR FINANCES   PLANNING   SPENDING  

Figuring a Monthly College Savings Plan

This worksheet aims to show you how much you'll need to save each month to meet your college savings goals. It assumes that the student will be attending a four-year college and that he or she will finish the degree in four sequential years.

Estimate the Projected Cost of College    Help

Type of school the student will attend:

Years until student enters college:

College-cost inflation rate:

Current college savings:

Choose Your Savings Goal    Help

Percentage of the projected cost that you will try to save in advance:

Estimate the Return on Your Investments    Help

Choose an investment style:

Your Monthly Contribution

This is the approximate amount you'll have to contribute each month to reach your savings goal. The saving period includes the 4 years that the student is in school.


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