To determine an approximate amount you will have to save for your child's college education, simply fill in the boxes with what you determine to be the appropriate information.  This calculator does not take into account the current or future college inflation rate.  Do consider that college costs have increased an average of about 6% each year for the past 10 years.

Present age of your child

Years until your child attends college

Your expected rate of return on the savings: %
(Please enter the rate of return, without a percentage sign.  Example, do enter 8.5,
do not enter as .085 or 8.5%)

Number of college years planned:

Current annual college cost $
(If you are uncertain of current cost, use 7500 ($7,500) for public college and 18500 ($18,500) for private college cost - enter amount without dollar signs or commas.)

Disclaimer
The CUMI Retirement Calculator provides approximate information. For more detailed information please contact your credit union financial advisor.



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