Symetra Financial - College Cost Calculator

College Cost Calculator

Accumulating sufficient funds to send your children to college can be a significant financial challenge. One important factor in your savings strategy is to account for the rising costs of college tuition. Since college tuition costs have historically outpaced inflation, it is even more important to start saving early and invest the funds wisely.

This calculator can help you develop an investment strategy to reach your goal of paying for your children's college costs.

Current Status NOTE: Do not enter commas, $, or other non-numeric characters in your input. Enter percentages as integers (i.e. enter 7% as 7, not as 0.07). Use TAB to move from one input box to the next.	Child's Current Age:	yrs.
	Age Child Starts College:	yrs.
	Current College Savings Balance($):
	Monthly Contributions to College Savings($):
Estimates	Current Cost of One Year of College($):^*
	Estimated Annual Inflation Rate: (How fast are college costs increasing? Public university costs increased 5.9% and private universities increased 7.1% on average.)^*	%
	Estimated Annual Return:^**	%

^* Source: According to CollegeBoard.com
Average college costs for 2005-2006 are:

4-year private: $27,677
4-year public (in-state): $12,841
4-year public (out-of-state): $19,188
2-year public: $10,458

^**Investments offering the potential for higher rates of return also involve a higher degree of risk to principal. Also, please be aware that high rates of return are generally not sustainable for long periods of time.