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September 11 Web Archive Collection

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http://www.forbes.com/tools/calculator/college_save.jhtml

Archived: 10/10/2001 at 00:01:10

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HOME PAGE FOR THE WORLD'S BUSINESS LEADERS

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Saving for college
Because costs keep rising, college savings goals are a moving target. This calculator will help you keep up. Just enter today's costs at a college you're interested in (for example, four years of tuition, room and board might currently cost $50,000 at a state school). Fill in the rest of the form, including how much you think college costs will increase each year (many experts think 5% is a reasonable guess). We'll tell you what your inflation-adjusted savings goal is and the amount you'll have to save regularly (monthly, quarterly, etc.) to reach it.

Today's college costs:	$

Assumed annual cost increase:	%

Amount already saved:	$

Assumed annual rate of return:	%

Years in account:

Deposit frequency:

When will payments be made?:


	Paul Allen $28.2 bil

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	Larry Ellison $21 bil

	Bill Gates $54 bil


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