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Savings Program Calculator
 Step 1 - Estimate College Costs
 
The following information is designed to help you plan for college costs. This calculator assumes starting college at age 18 and estimates a 6.5% average annual inflation rate for total fixed college costs. This rate is based on the national average annual increase for 2006-2007 of total fixed costs, which includes tuition, fees, room, and board for four-year institutions (Sources: College Board and University of North Carolina Statistical Abstract of Higher Education 06-07).
 
1.  Select the school type and the number of years of attendance:
  National Averages North Carolina Averages
Years of Attendance   2 4 5   2 4 5
Public 2-year (in-state) $2,272*     $1,257*    
Public 4-year (in-state) $12,796   $9,825  
Private 4-year $30,367   $25,962  
* Cost figures reflect only tution and fees.
 
2.   Enter the student's birth date:     (Example: Enter May 07, 2001 as 05-07-2001)
Clear    Calculate
Estimated College Cost: 
Note:  Don't Panic! Remember, you are saving to pay your share, not necessarily the full amount. Financial aid to help meet college costs is available for many students and families. For more information, go to Paying for College.
 
 Step 2 - Calculate the Future Value of your Account
 
1. Enter an amount for a monthly Contribution to build your Account.
>> Monthly Contribution Amount: $
 
2. Enter a lump sum amount if you want to add to or use instead of the estimated monthly Contribution above.
>> Lump-Sum Contribution Amount: $
 
>> Pick an Estimated Annual Rate of Return: 
 
Clear    Calculate
 
Estimated College Cost: 
Future Value of Account:* 
 
*Note:  The Estimated College Cost and Future Value of the Account generated in the Savings Program Calculator are hypothetical. These values DO NOT indicate actual investment results or guarantee future results.
 
   
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