- Pre-Funding the Cost
- Your Pre-Funding Strategy Depends upon where You Are Now
- Monthly Investment Program
- Your Investment Objective
- Understand Risk
- Basic Strategies
- How Is Investing for College Different from Other Investing?
This table* shows how much more you have to invest each month, the later you begin a college investment program for your child.
|
Child's Age |
Public College |
College |
Private College |
| 0 | $390 | $585 | $780 |
| 1 | $406 | $609 | $812 |
| 2 | $423 | $634 | $846 |
| 3 | $442 | $663 | $884 |
| 4 | $462 | $694 | $924 |
| 5 | $486 | $728 | $972 |
| 6 | $511 | $767 | $1,022 |
| 7 | $541 | $811 | $1,082 |
| 8 | $574 | $860 | $1,148 |
| 9 | $612 | $917 | $1,224 |
| 10 | $656 | $984 | $1,312 |
| 11 | $708 | $1,062 | $1,416 |
| 12 | $770 | $1,155 | $1,540 |
| 13 | $846 | $1,269 | $1,692 |
| 14 | $941 | $1,411 | $1,882 |
| 15 | $1,062 | $1,593 | $2,124 |
| 16 | $1,224 | $1,836 | $2,448 |
| 17 | $1,450 | $2,175 | $2,900 |
| 18 | $1,789 | $2,683 | $3,578 |
* Assumes you start investing at the age of your child in the left-hand column and you invest each month through their senior year of a four-year college. College costs go up 5% per year and you invest your money, after taxes, at 7% per year.
To reasonably expect a 7% rate of return, you're going to have to take some risk and invest in stocks or growth investments.
Clearly, the longer you wait, the more you'll have to put away each month to cover the cost. Saving now makes it easier when the time comes to pay the bills.
| Not FDIC Insured | Not Bank Guaranteed | May Lose Value |
| Not a Bank Deposit | Not Insured by Any Federal Government Agency | |
Meeting with NHTrust team is without obligation or cost.
NHTrust is a trade name of New Hampshire Trust Company. Brokerage services are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Investment and insurance products are subject to investment risk, including the possible loss of value. Products and services made available through Osaic Institutions are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. Osaic Institutions and NHTrust not affiliated.