Nationwide Financial Network - 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.)	%

Federal income tax laws are complex and subject to change. The information on this webpage is based on current interpretations of the law and is not guaranteed. Neither the company nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions.
Securities and Investment Advisory Services offered through Chandi Z. Smith, CFP CLU as a Registered Representative and Investment Adviser Representative of Nationwide Securities, LLC PO Box 183137, Columbus, OH 43218 (888) 753-7364. A Registered Investment Advisor. Member FINRA, SIPC. DBA Nationwide Advisory Services, Inc. in AR, FL, IL, WV. DBA Nationwide Advisory Services, in MA, NY, OK. Representative of Nationwide Life Insurance Company, affiliated companies and other companies.