- Age of children - The current age of your children. This
calculator is based on your children beginning their college
education at age 18. The difference between their current age
and 18 is the number of years you have to save. - Annual tuition
- The current estimated cost of one year of tuition and books.
This amount should be per child and be specific to the school
they may be interested in attending. The average published costs
of college for the 2011-12 school year (including tuition, room
and board, books, supplies, transportation and other personal
expenses) as reported by the College Board: |U.S. Undergraduate
College Costs for 2011-12 School Year| Source: College Board's
2011 Trends in College Pricing, www.collegeboard.com
|Type||Tuition and fees||Room & Board||Total||Change from
2010-11| |Public 4-Year (in-state
tuition)||$8,244||$8,887||$17,131||6.0%| |Public 4-Year (out-of-
state tuition)||$20,770||$8,887||$29,657||5.2%| For the purposes
of this calculator all expenses are assumed to be due at the