Here is an explanation of how I got the tuition predictions I used in my "Saving for College" post below. I looked up the current tuition at the schools of interest using this College Cost Finder
Then I took that number and used this college savings calculator to figure out what we'd need to save. I did assume a rate of return of 8%, and I'm taking advantage of the fact that I don't have to have all 4 years of tuition saved up on the day my child starts college. If I used their default rate of return of 6%, the required monthly savings would be @$300.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment