A Step-By-Step Guide to Calculating College Costs and Required Savings

Congratulations! You’ve managed to solve a financial planning problem that many planners do not know how to calculate by hand. More importantly, you’ve mastered some of the basic concepts behind how college costs increase, as well as how someone goes about meeting those costs.

Now that you have a good idea of what your are going to need to save for each of your children’s college education, you can begin figuring out what types of investment accounts are most appropriate for you.