To help you estimate how inflation will affect your child’s tuition, we’ve included a simplified inflation table. Simply multiply the current annual cost of your selected college by the number located next to the years remaining until college begins.
For example, a student who would like to go to a school costing $10,000 per year, with fifteen years until college begins, would have to pay $20,800 for one year ($10,000 current tuition multiplied by 2.08). This would also roughly equate to $83,200 for four years of college at that same school ($20,800 multiplied by four years).
Inflation Multiplier Table:
Years Until College = Multiplier
1 = 1.05
2 = 1.10
3 = 1.16
4 = 1.22
5 = 1.28
6 = 1.34
7 = 1.41
8 = 1.48
9 = 1.55
10 = 1.63
11 = 1.71
12 = 1.80
13 = 1.89
14 = 1.98
15 = 2.08
16 = 2.18
17 = 2.29
18 = 2.41
19 = 2.53
20 = 2.65
21 = 2.79
22 = 2.93
23 = 3.07
24 = 3.23
25 = 3.39
*Assumes a 5% rate of inflation and rounded to two decimal places.
