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College Cost Calculator

According to The College Board Annual Survey of Colleges, 1996, college costs are increasing at a rate greater than inflation. This means that your college savings will need to grow at an even higher rate to keep pace. Fill in the blanks below to estimate the amount of money you will need to save in order to send your child to college when he/she is ready.

To what type of college do you want to send your child?
Public   Private

Would you like to include room and board in this calculation?
Yes   No

How many years before your child begins college?

Assumptions

The annual inflation rate:

Today's average annual public college tuition: $

Today's average annual public college room and board: $

Today's average annual private college tuition: $

Today's average annual private college room and board: $

Results

Estimated first year cost of college is: $

Estimated total cost of college is: $

If you have questions about how you can best save this amount in time for your child to begin his/her college education, fill our our Contact Form and a Morgan Keegan financial advisor will contact you to help you find the best way to reach your goals.