Saving For College

The complexity of saving for college paralyzes many people. The tools provided here will provide considerably clarity.

First, you need to estimate how much financial aid you will receive. To do that, you need to estimate what your earnings will be when your children reach college age. Once you've got a basic idea of how much aid to expect, you can set a College Fund Target. With a College Fund Target set, you can determine what percent of your Net Income you should be saving each year. Using these spreadsheets, you can build yourself a complete College Savings Plan!

COMBINE AND SAVE: Buy all four College Savings Worksheets and pay only $39.95 (regular price $69.80) DOWNLOAD THEM ALL NOW

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1. Expected Family Contribution Worksheet

This custom-built spreadsheet will help you estimate how much financial aid you will receive for every year you have a child in college.

Using this spreadsheet, you will be able to:

1. Estimate how much you, as parents, will be expected to contribute to paying for your children's college costs.



2. See how different levels of future income would impact the amount of aid you receive



3. See how the assets you have saved will affect the amount of aid you receive



4. See how the amounts you will owe may change from year to year, depending upon the number of children you have in college each year



5. Compare the contribution required to send your children to in-state public schools vs. out-of-state or private schools

2. Future Earnings Worksheet

This custom-built spreadsheet will help you estimate how much money you will be earning at any point in the future

$19.95

Using this spreadsheet, you will be able to:

1. Forecast your future earnings based on the amount of "merit" (above inflation) increases you expect to receive each year



2. See the effect of different levels of inflation on your future earnings



3. Calculate the amount of money you will be earning in today's dollars



4. Adjust your forecast to account for higher rates of income growth at certain points of your career than other points



5. Estimate the changing impact of taxation as your income grows

3. College Fund Target Worksheet

This custom-built spreadsheet will help you estimate how much money you need to accumulate to pay for your children's college education.

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(Note: To use this worksheet, you will need to have already estimated your Expected Family Contribution)

Using this spreadsheet, you will be able to:

1. Calculate the total amount of money you need to save for your children's college education



2. Compare the savings required to send your children to in-state public schools vs. out-of-state or private schools



3. See the impact of different levels of inflation on the amount of savings required



4. See the impact of different levels of inflation in College tuition costs over and above the consumer price index on the amount of savings required

4. College Savings Rate Worksheet

This custom-built spreadsheet will help you estimate how much money you need to save each year to reach your College Fund Target.

$19.95 Coming Soon!

(Note: To use this worksheet, you will need to have already estimated your College Fund Target)

Using this spreadsheet, you will be able to:

1. Set the percent of your Net Income you will save for your children's college education each year



2. Adjust the amount of your savings rate based upon the amount of money you have already saved for your children's college education



3. Set the correct target based on your children's current age(s)



4. Understand how the expected rate of investment return impacts the required savings rate

COMBINE AND SAVE: Buy all four College Savings Worksheets and pay only $39.95 (regular price $69.80) DOWNLOAD THEM ALL NOW

$39.95 Coming Soon