Members Federal Credit Unionwww.mbrcu.com
How much should you save for college? With college tuition increasing every year, you'll need the power of interest to help you reach your college savings goal. Use this calculator to get an idea of how much you'll need to sock away each month if you start now.
College Tuition in Today's Dollars
Enter the total cost of tuition for one year in today's dollars for the school you plan to attend.
Years of College
Enter total number of years you plan to attend college.
Years Until College
Enter the number of years until you start paying for college.
College Savings To Date
Enter the amount of money you currently have saved for college tuition.
Monthly Savings
Enter the amount of money you can save each month for college tuition.
Annual Savings Rate
Enter the average annual savings rate (or interest rate) for the account in which your college savings are kept.
Federal Tax Rate
Enter your federal tax rate. If you are using a tax free savings instrument, then enter 0%.
State Tax Rate
Enter your state tax rate. If you are using a tax free savings instrument for the state in which you reside, then enter 0%.
Inflation Rate
Enter the expected inflation rate for the period in question. The historical average is about 3%. This should be the rate by which you think college tuition will increase.
Members Federal Credit Union
Members Federal Credit Union was chartered in 1968 by the employees of the City of Aurora. Any employee, retired employee or volunteer of the City or relative of an eligible individual may join. Through the years the membership has been expanded to serve other select employee groups who did not have the benefit of credit union services. These groups now include Tri-State G & T, Rural Electric Cooperatives, Medical Center of Aurora, Aurora Mental Health Center, E-470 Highway Authority and Aurora Housing Authority. Contact the credit union for a full list of eligible groups.6 Abilene StAurora, CO 80011www.mbrcu.com
The College Savings Plan Network is a national non-profit association dedicated to making college more accessible and affordable for families. Learn about 529 plans and how they differ by state.
SavingforCollege.com - An Internet guide whose mission to help individuals and professional advisers better understand how to meet the challenge of paying higher education costs.
CULookup.com - Find a local credit union to join and benefit from in-person advice on how to tackle the cost of college. Credit unions are known for their friendly, in-branch service!