This is far greater of an expense that I’d originally thought and I am ill-prepared. |
Here’s an example of the total cost of attendance for an average couple, wishing to retire at age 65 with two college bound students. One is a senior in high school and her sibling is a sophomore. One will attend a state school and take 5 years to graduate and the other will opt for a private school and graduate in just 4 years. Assuming a current cost of attendance of $18,000 per year for the state school, $38,000 per year for the private school and a 6% annual increase in costs, this family will incur a total of $317,420 of college expenses over 6 years their students attend college. |
No math presented on this screen. |