To help you estimate how much you might need to save to meet college costs, use this interactive calculator. The chart below shows you how your savings will grow depending on how much you save and what kind of return you get from your savings. All figures below are computed on a daily compounding of interest. Click on the numbers below to find out how small investments can grow. Certified financial planners, accountants, brokers, and your own banker can help you make important financial decisions.
Few families can meet the total costs of higher education alone.
However, families that plan and save for a higher education have a definite advantage when it comes to paying the bills. Preparing now for education expenses will insure that you get the best deal on your investments, and will prevent you from relying too heavily on loans. Don't think that your savings will prevent you from qualifying for financial aid. It's true that financial aid need analysis examines both income and assets. Here are some of the savings methods available to you.