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.)

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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 at a public four-year college has been more than 5 percent. Recent years have shown an increase in college inflation.)

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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.)

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What after-tax return do you expect on your investments (0 to 10 percent)? (Remember, the age of your child may influence how you invest and the potential return you may be able to achieve.)

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Wealth Advisors
1042 Camellia Blvd., Suite 11 • Lafayette, LA • 70508
Phone: 337-761-7000 • Fax: 337-984-2308
• nolan@wealthadvisorsoffice.com

 

Nolan Venable, Jennifer Venable, and Matthew Hebert are Registered Representatives of and offer securities products & services through Royal Alliance Associates, Inc. Member FINRA (www.finra.org) SIPC, a registered broker-dealer.  Advisory services are offered through Royal Alliance Associates, Inc. a Registered Investment Advisor.   In this regard, this communication is strictly intended for individuals residing in the states of Louisiana, Florida, Texas, California, Maryland, Missouri and Oregon in which they are securities licensed. No offers may be made or accepted from any resident outside the specific states referenced.  Tax preparation and representation is offered through Tax Advisors, LLC and is not affiliated with Royal Alliance Associates, Inc.

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