COLLEGE TUITION PLANNER

A good education comes with a price. Clearly, the better financially prepared you are before your children begin college, the better off you will be when they receive their diplomas. The College Tuition Planner gives you a good idea of what to expect in tuition costs based on the assumptions you enter. Simply complete the planner based on your knowledge of the current annual costs of the schools your children plan to attend.

Child/College   Current Annual Cost   Years Until College   Years At College 1:   $     2:   $     3:   $     4:   $     5:   $     (For the 2004-05 academic year, average total fixed costs (including room and board in addition to tuition and fees) for a year in a public college is $11,354 and $27,516 for a private college. Costs have been increasing about 6% annually. Source: Trends in College Pricing 2004, The College Board.)

Annual inflation rate: Enter the annual percentage of inflation you expect college costs to grow. (While the annual inflation rate has ranged between 3 and 4 percent for many years, college costs have increased by about 6%. The planner assumes 4%.) % Current savings to invest: Enter the amount you can contribute now (as a lump sum) toward a college savings plan. $ Annual investment growth rate: Enter the annual after-tax percentage you expect your investment to grow. (The calculator assumes 6%. The maximum value is 12 percent.) %

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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. You should contact your tax or legal advisor concerning your particular situation.



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