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College Funding Calculator

This calculator will help you to estimate how much money you need to invest on a monthly basis to be able to pay for your child's college education when they are ready to start college.

DIRECTIONS: You can either enter your own current estimated annual college cost, or select a degree type and the calculator will enter the cost for you based on a recent survey conducted by the The College Board. The calculator also adjusts the future cost of attending college based on your own estimated rate of inflation.

1. Student's name:
2. Years until college:
3. Current savings:
4. Outside funding:
5. Gross annual income:
6. Est. return on investments:
7. Est. annual inflation rate:
8. Annual cost of college:
(Enter the cost at right OR select from menu below.)
 
Stop here after completing the above and click the 'Calculate' button to view results.
9. Start year.
10. Future tuition cost.
11. Current savings FV.
12. Future savings/funding.
13. Total savings gap.
14. Monthly deposit required.
15. Percent of annual Income.
Summary:

NOTE: This calculator is intended to provide general estimates for informational purposes only, not final or binding future value or interest totals.

Sebasticook Valley FCU serves Penobscot, Somerset and Waldo Counties.

This credit union is federally insured by the National Credit Union Administration.

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