College Cost ProjectorIf you're several years away from attending college, you have to base your savings and other financial plans on what college will cost when you're ready to enroll. This College Cost Projector estimates that cost based on the average rate of inflation for college costs (in recent years this has ranged from 5% to 8% annual increases).
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Instructions
In the "Current One-Year Cost" field, enter the total cost of attendance, including tuition, fees, room and board, books, travel and incidental expenses. According to the College Board's Trends in College Pricing, the 2005-2006 average total costs (including tuition and fees, room and board, books and supplies, transportation and other expenses) were $11,692 for students attending two-year public colleges, $15,566 for students attending four-year public colleges and universities, and $31,916 for students at four-year private colleges and universities. Out of state students attending public colleges and universities pay an average total cost of $23,239.
In the "Years until Matriculation" field, enter the number of years until the student enrolls in college for the first time. A student who just started the freshman year in high school will matriculate in four years. A newborn baby will matriculate in approximately 17 years.
You can adjust the inflation rate on this calculator as well; it is set to a current projected increase of 7% per year.
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