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College Tuition Estimator Online Calculator

By JLP | May 26, 2006

The AllFinancialMatters College Tuition Estimator calculator just went live. I would appreciate it if you guys would try it out and give me some feedback. As far as data entry goes, it should be pretty straight-forward.

Topics: Calculators, College Funding | 9 Comments »


9 Responses to “College Tuition Estimator Online Calculator”

  1. Drew Says:
    May 27th, 2006 at 8:31 am

    I found your College Tuition Estimator to be easy to use and understand. It is a simple calculator that will be convenient to use for making a general estimate of college costs. However, I do think you might want to consider a name change because I believe you are estimating more than just tuition costs. I don’t know of any public universities that charge $12,500/year for tuition. I believe this is an estimate of tuition, room, and board. I have looked at a number of college cost calculators and they all ask for an expected rate of return on your investment. My college investments are in age-based 529 portfolios that invest in more conservative assets as my children age. Does a single estimate of investment return work as well in this situation as providing multiple estimates of return over time?

  2. Shelley Says:
    May 28th, 2006 at 9:17 pm

    I think your college cost estimator is very easy to use. Regarding Drew’s comment on $12,500/year for tuition: you may not have realised that the tuition cost is a field you can change in the calculator to suit your situation. I did, and it worked fine.

  3. My Open Wallet Says:
    May 28th, 2006 at 11:21 pm

    Carnival of Personal Finance #50

    Welcome to the golden jubilee of the Carnival of Personal Finance: #50! Isn’t it exciting? Not to be outdone by Queen Elizabeth, I arranged to have the Blue Angels fly over New York City this past week to commemorate the occasion.

  4. Working Solo Says:
    May 28th, 2006 at 11:48 pm

    Carnival of Capitalists – Downunder Edition

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  5. Mighty Bargain Hunter » Welcome to this week’s Festival of Frugality! Says:
    May 30th, 2006 at 12:41 am

    […] JLP presents College Tuition Estimator Online Calculator posted at AllThingsFinancial. […]

  6. Jenn Says:
    May 31st, 2006 at 6:21 am

    question-I have a single 256 account set up that will be drawn on by both children for their educations. They are 5 and 3. So when I put the savings part in, what would you think would be the best way to break up the amount currently in savings? (I assume that I should run the calcualtions separately for each child)

  7. Catymology Says:
    May 31st, 2006 at 11:26 am

    Catymology: Carnival of the Vanities #193

    Speaking up, speaking out. Musing, pondering, ruminating. Actually thinking. Instructing. Reminiscing. Provoking. Questioning. The entries in COTV #193 read like a thesaurus entry on human communication …

  8. Ironman Says:
    June 2nd, 2006 at 3:16 pm

    JLP – very nice! I’ll very likely be featuring the tools you’ve developed sometime in the very near future at Political Calculations.

    Drew – your point about 529 age-based investing is a good one, but the execution of which would require some fairly complicated programming. As an alternative, I would simply recommend using a lower rate of return that might better reflect the average over the whole term of the investment.

  9. Zagnut99 Says:
    January 22nd, 2007 at 9:34 am

    If you are trying to get money for college, there’s a new “ethics essay” contest that Junior Achievement is doing for a $5K scholarship. Here’s more info if you are interested http://studentcenter.ja.org/aspx/LearnEthics/ethics_essay_rules.aspx.

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