How Much Should I Be Saving For College?
With college costs increasing at twice the rate of inflation, it is important to start saving early. Interest working for you now in a regular savings program is much better than having interest work against you in the future in the form of education loans.
Current Savings and Assumptions
- Annual college cost inflation: (%)
- Amount saved so far
- Before-tax return: (%)
- Marginal tax bracket: (%)
- Annual increases: (%)