This calculator will help you to create a college saving plan that includes all of your children at one time.
Simply enter the name, age, and estimated current annual college cost for each child, then enter your current savings, the percentage to be funded by outside sources, the rate of return, and the annual inflation rate.
The calculator will then display two charts:
- A chart showing the inflated annual cost for each child and the year they come due.
- A chart showing the year-by-year income and expense forecast.
Note that if you would like to calculate a college saving plan for 1 child, please visit the College Funding Calculator -- which also includes an eye-opening article explaining why college financial planning involves more than just setting aside money.