Determine the cost of college or a career program


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Helping your young adult understand how to compute the cost of higher education and the savings required to reach this goal is an important learning that will serve them well, all through life.

Computing the cost of college teaches the importance of planning ahead for a major expense, assessing whether a goal is financially feasible, and of understanding what trade-offs might be necessary. This step helps the student reinforce and commit to the goal of a college education.

The following resources may assist you in determining the cost of college or a career program:

Calculating the Cost of College

College Cost Calculator

College Savings Calculator

Determining the Net Cost of a Particular College

Determining the Net Cost of a Particular College Program

How Much Does College Really Cost?


Emptying the Nest Tasks

1. Financing college
2. Revising your spending plan
3. Planning for long-term care
4. Preparing for retirement
5. Estate planning

Financing college Subtasks

1. Discuss higher education and its cost with your young adult
2. Identify the options for a college or a career/vocational program
3. Determine the cost of college or a career program
4. Identify options for financing higher education

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