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How to fill out the College Cost Calculator online
The College Cost Calculator is a valuable tool for estimating the future costs of college education, helping users plan effectively for their financial needs. This guide will provide you with clear, step-by-step instructions on how to complete the form online, ensuring you have all necessary information at your fingertips.
Follow the steps to fill out the College Cost Calculator online:
- Press the 'Get Form' button to access the College Cost Calculator form and open it in your chosen editor.
- Begin by filling in the child's name, year of birth, and their current age. This information will help tailor the estimates based on the child's specific timeline.
- Next, indicate the child's age when they will begin college and the estimated number of years until that time.
- In the following section, estimate the number of years the child will spend in college. This will be essential for calculating total costs.
- Input the number of years for inflation adjustment and the estimated annual inflation rate for college costs. These values will help estimate future expenses.
- Next, enter the estimated annual college costs for today. This will serve as a starting point for inflation calculations.
- View the adjusted estimate of total costs at the end of the education period based on the inputs made. This area will be automatically calculated.
- Finally, review the future value of current education savings and the annual amount you should invest for education, ensuring you have a comprehensive financial plan.
- Once all fields are completed, save your changes, and you may also download, print, or share the form depending on your needs.
Begin your financial planning today by filling out the College Cost Calculator online!
According to the College Board, in 2018-19, the average "published tuition, fees, room and board costs" for in-state, full-time, undergraduates attending a public college was $21,370. Inflate that by 3% for a 2019-20 estimate, and it's $22.011.
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