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Southfield MI 48075
(248) 356-4840 - Office
(248) 356-5464 - Fax

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9005 Overlook Boulevard
Brentwood, TN 37027
(615) 346-9125 - Office
(615) 346-9344 - Fax
COLLEGE FUNDING CALCULATOR

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.

Projected Total Four-Year Costs of Attending College: Four-year costs are based on The College Board's Annual Survey of Colleges for the 2006-2007 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 tabing into any text box. DO NOT use commas, dollar signs or other characters. Use only decimals and numbers.


  1. Student's name.
Instruct/Explain

  2. Years until college.
  3. Current savings.
  4. Outside funding.
  5. Gross annual income.
  6. Est. Annual Inflation Rate.
  7. Student Type. Resident
Commuter
  8. College type. Public
Private
  9. College location. In-state
Out-of-State
10. Start year.
Instruct/Explain

11. Future tuition cost.
12. Current savings FV.
13. Future savings/funding.
14. Total savings gap.
15. Monthly deposit required.
16. Percent of annual Income.
Please allow for slight rounding differences.

Note: These calculators were tested using JavaScript enabled Netscape Navigator 3.01 (or higher) and Internet Explorer 3.01 (or higher). If the calculators fail to work for you, check to make sure your browser has JavaScript turned on. If it still doesn't work, we suggest you visit either the Netscape site or the Microsoft site and download a copy of their latest version

DO NOT use dollar signs or commas when you type in calculator numbers, only use numbers and decimal points.

Please remember that these calculators use approximations for hypothetical and illustrative purposes only, and are not meant to replace professional investment advice.


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