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Back to section 5, step 2 of the workbook College Savings Calculator

Child Information

Once you've estimated how much your child's education will cost, decide how much you want to contribute and how much your child will be responsible for. For example, some parents commit to paying for tuition, fees, and room and board, giving the child the responsibility for the rest of the tab. Use this College Savings Calculator to help determine how much both you and your child need to save. If you wish to calculate college savings for each child separately, clear the number of years in college for all but one child at a time.

Please note: We are providing this abbreviated college savings calculator as a way for you to start planning for your child’s college education. The calculator is an educational tool that provides only a rough estimate of your college savings needs, and the results are not intended to be an accurate analysis of your specific needs. The results are hypothetical, and are not intended to offer investment, tax, accounting, legal, financial planning, or estate planning advice.

  Number of Children:
To reduce the number, first clear the names in the rows to be removed.
 

Name Age Now1 Age Entering
College2
Years in
College3
1. 
2. 

1If you wish to start college savings for a child not yet born, you can enter a negative number for their age.
2If a child is currently attending college, enter the age he or she started and the total number of years he or she plan to be in college.
3Leave blank if child has finished college or will not be attending. If you wish to calculate savings for each child separately, then leave all but one of these fields blank.


Data is currently saved for 1 hour(s).

Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (800) 369-2862. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America. The Representative may also be a credit union employee that accepts deposits on behalf of the financial institution.


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