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EDUCATION CALCULATOR

The following steps explain how to use the Education Calculator:

In the Annual Contribution field, enter the amount you will be contributing to the account each year. If you want to calculate the Annual Contribution amount, leave this field blank and enter an amount into the Estimated Current Annual Costs field.

  1. In the Annual Rate of Return field, enter the percentage rate of return expected each year for the account.

  2. In the Annual Rate of Inflation field, enter the percentage rate of inflation expected each year for education costs.

  3. In the Years Until College field, enter the total number of years before the beneficiary will attend college.

  4. In the Years in College field, enter the total number of years the beneficiary will be attending college.

  5. In the Estimated Current Annual Costs field, enter the estimated educational costs for the beneficiary each year. If you want to calculate the Estimated Current Annual Costs, leave this field blank and enter an amount into the Annual Contribution field.

  6. If you are calculating the Annual Contribution amount, click the Calculate Annual Contribution button. The calculated amount is inserted into the Annual Contribution field.

    If you are calculating the Estimated Current Annual Costs, click the Calculate Final Balance button. The calculated amount is inserted into the Estimated Current Annual Costs field.

Annual Contribution

Annual Rate of Return %      
Annual Rate of Inflation %      
Years until College years
Years in College years
Estimated current annual costs