This calculator requires the use of Javascript enabled and capable browsers. This script creates a valid assessment of how much expense is involved to provide a college education or private school education, or both. Our default values are based conceptually on information provided to public domain at the CollegeBoard.Com website. We first wrote this in 1994 and have updated the information and have included other essential factors, the latest revision being June 2004; cost data is based on the figures available in June of 2004. Education time can be calculated from any point. Our default expenses and values are education and school fees only, excluding any room and board or other expenses. The 14 year span tables for public and private college and university costs below INCLUDE room and board minimums. The average college costs information below that does NOT include room and board or other costs but does include some general information about it.
To use our calculator, you may accept the defaults, or fill in your own annual values. Then click on Calculate. You may change any values and recalculate as often as you wish. Be aware that the average four year education is quickly becoming the average five year education due to lack of availability of classes. This calculator is designed to help you plan your children's paid educational needs by estimating the future cost of fees, taking into account personal savings, investments and inflation. We strongly suggest you consult your own financial advisor. At best, this calculator is an approximation, based on your entries. Use at your own risk.