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This calculator will help you to determine how much money you need to invest on
a monthly basis now, in order to be able to pay for your child's college
education by the time they are ready to start college.
The calculator allows you to choose between In-State and Out-of-State, between
Resident and Commuter and between Public or Private -- and adjusts the estimated
costs according to those selections.
Plus, the calculator even adjusts the future cost of attending college based on
your own estimated rate of inflation.
Projected Total Four-Year Costs of Attending College: Four-year costs are based
on The College Board's Annual Survey of Colleges for the 2002-2003 school year
and include tuition, room and board (adjusted by "resident"/"commuter"
selection), transportation, books, and other expenses. The costs are
enrollment-weighted and inflated based upon your selected estimated annual rate
of inflation. An 8% annual return on investment is assumed but does not
represent a specific security. The calculator also assumes no additional
investments or earnings once the child starts school and that investments are
made at the beginning of each school year.
The large text box will display detailed instructions/information when clicking in or tabbing into any text box.
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