Omega Financial Group - College Funding : Calculator: College Funding

Saving enough for their children’s education is a major financial concern for many parents. With the current cost of a four-year college education reaching six figures in some instances, your child’s college education may cost more than you expect. This calculator is designed to help you estimate the cost of your child’s education, based on the variables you input.

What is your child's name? (Calculate the costs for one child at a time.)
How many years until your child enters college?
For how many years will your child be attending college? (It may be more than four years in some cases.)
What is the annual cost of the college he/she will be attending? (Include tuition, fees, room and board, books, etc., using today’s prices.)	$
What rate of inflation do you expect for college costs? (College inflation has continued to outpace the general inflation rate. For the past 10 years, the average college inflation rate at a public four-year college has been more than 5 percent. Recent years have shown an increase in college inflation.)	%
How much money do you presently have saved for your child’s college expenses? (Include funds that are in your name and your child’s name that have been set aside for college.)	$
What after-tax return do you expect on your investments (0 to 10 percent)? (Remember, the age of your child may influence how you invest and the potential return you may be able to achieve.)	%

*Registered Representatives of, and Securities and Investment Advisory services offered through Hornor Townsend & Kent,Inc, (HTK), Registered Investment Adivsor, Member FINRA/SIPC. 36 East Seventh Street, Suite 1620 Cincinnati, OH 45202-4461. (513) 369-0505. Omega Financial Group is independent of HTK. HTK is a wholly owned subsidiary of the Penn Mutual Life Insurance Company.

Our representatives are insurance and securities licensed in Ohio (OH) and Kentucky (KY), as well as many additional states. For complete licensing information, please go to our Licensing page. This is not an offer or solicitation in any state where not properly licensed or registered.