The costs of sending a child or a grandchild to college are high and getting higher. Actual costs vary by school, but a general place to begin is to consider that today's tuition, room, board, books, transportation, and incidentals will probably run:
The rate of college costs increases has been higher than inflation, 5% to 8% for the past several years. If we assume just a 5% annual cost increase, the cost of a child's first year of college will be:
Save early and
Here is a calculator so you can determine how much you should save monthly to completely fund four years' of college for children of different ages. This assumes you save the entire amount before the student enters college.
Start Your Automatic
If you are not already using direct deposit for your paycheck, here is a Payroll Direct Deposit form to help you get started. You can also call a service representative at 800/723-7237 or email for more information.
Take Control of Your Financial Future
Articles from our library about saving for college and other tools to help a child be prepared for a financially responsible life.
Learn more about how Forest Bluff Financial Services can help you save for a child's college costs.
Learn more about reaching all your financial goals.
Financial Foundation Center (for young adults)
Financial Tool Kit (for those working toward financial goals)
Kit de Herramientas Financieras (Spanish version of Financial Tool Kit)
Forest Bluff Financial Services is your partner for a secure financial future.
Return to our website.
© 2007 Financial Wisdom Marketing Services, Inc.
Legal Notices and Privacy Statement