United Wealth Strategies, LLC - Financial Planning, Insurance & Investments - College Funding : Calculator: College Funding

Saving enough for their children’s education is a major financial concern for many parents. With the current cost of a four-year college education reaching six figures in some instances, your child’s college education may cost more than you expect. This calculator is designed to help you estimate the cost of your child’s education, based on the variables you input.

What is your child's name? (Calculate the costs for one child at a time.)
How many years until your child enters college?
For how many years will your child be attending college? (It may be more than four years in some cases.)
What is the annual cost of the college he/she will be attending? (Include tuition, fees, room and board, books, etc., using today’s prices.)	$
What rate of inflation do you expect for college costs? (College inflation has continued to outpace the general inflation rate. For the past 10 years, the average college inflation rate was 5 percent. Recent years have shown a decline in college inflation.)	%
How much money do you presently have saved for your child’s college expenses? (Include funds that are in your name and your child’s name that have been set aside for college.)	$
What after-tax return do you expect on your investments (0 to 12 percent)? (Remember, the age of your child may influence how you invest and the potential return you may be able to achieve.)	%

Christopher M. Parks, CPA, CFP® is a registered representative registered to transact business with clients in IL, MO, CO, CA and is advisory licensed in the following states: IL, MO, CO, CA. Christopher M. Parks, CPA, CFP® is also an insurance agent licensed in IL, MO, CO, CA. If you are not a resident of the states noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or insurance services over the internet.

Securities offered through H.D. Vest Investment Services^SM, Member: SIPC, Advisory Services offered through H.D. Vest Advisory Services SM, non-bank subsidiaries of Wells Fargo & Company, 6333 North State Highway 161, Fourth Floor, Irving, TX 75038, 972-870-6000. Investments & Insurance Products: Are not insured by the FDIC or any federal government agency Are not deposits of or guaranteed by the bank or any bank affiliate May lose Value .

United Wealth Strategies, LLC is not a registered broker/dealer or independent investment advisory firm.