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College Funding Needs |
Enter dependent and education information. Information modified on this screen will also be modified on the Household Information screen. |
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Annual College Cost |
Enter an amount manually or use the “Lookup” button to access actual college and university costs. |
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"Lookup" button |
Click the “Lookup” button to access the latest information on college and university costs. College costs are in today’s dollars and will be inflated at the “Inflation Rate for College Costs” listed on the Assumptions screen. |
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Years of College |
Enter the number of years the dependent will attend college. Calculations assume the dependent will begin college at age 18. |
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Percent of Funding From Parents |
Enter the percentage of the total college costs that your client is planning to provide. 100% means they plan to provide for all of the dependent’s college costs. |
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Red “X” button |
Click to remove this line item. |
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“Add” button |
Click to add a new line item. |
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Total Amount |
Enter the current balance of education funds already accumulated for all dependents. |
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Monthly Savings |
Enter the current monthly savings amount for all dependents. |
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Growth Rate |
Enter the average gross (pre-tax) annual rate of return for all education funds. |