You are using an outdated browser. Please upgrade your browser to improve your experience.
collegeFund ~college loan calc

Planning college savings is not an easy job

Planning college savings is not an easy job

collegeFund ~college loan calc

by uudaddy
collegeFund ~college loan calc
collegeFund ~college loan calc
collegeFund ~college loan calc

What is it about?

Planning college savings is not an easy job. Many factors come into play: such as the cost of college education (tuition, room and board, other mandatory fees, books and computers), the award of scholarships, the financial aid, and so on. CollegeFund app is trying to help the parents (sometimes grandparents, and/or other family members if they are willing to chip in) to plan their kids' college savings account.

collegeFund ~college loan calc

App Details

Version
1.7.6
Rating
(7)
Size
14Mb
Genre
Finance Education
Last updated
March 5, 2019
Release date
October 5, 2010
More info

App Store Description

Planning college savings is not an easy job. Many factors come into play: such as the cost of college education (tuition, room and board, other mandatory fees, books and computers), the award of scholarships, the financial aid, and so on. CollegeFund app is trying to help the parents (sometimes grandparents, and/or other family members if they are willing to chip in) to plan their kids' college savings account.

Given a set of input: current annual college cost, current savings, how much you plan to save annually, your kid's current age, the age starting college, the age of graduating, the calculator will return how much the annual income you can expect from the college saving account vs. the future annual college cost (Coverage Ratio), and how much you have saved toward achieving the goal (Saving progress).

In an ideal world, 50% or above "Coverage Ratio" is considered to be good if we consider the availability of scholarships and financial aid. It is also good in the sense that parents and their kids share the cost of college education so that the students have a sense of ownership. Obviously we understand each family and each kid are unique, and the parents and their kids together make the best decisions.

Other features include:
1) The option to set investment return rate, and college cost (tuition) inflation rate;

2) Saving your input data to your device locally when a valid calculation is performed;

3) Email results to your self;

4) Usage of local currency.

Last but not least, happy saving and investing for your children, niece nephew, or grandchildren's college education! Give them a unique and long lasting holiday gift by opening a college savings account.

Disclaimer:
AppAdvice does not own this application and only provides images and links contained in the iTunes Search API, to help our users find the best apps to download. If you are the developer of this app and would like your information removed, please send a request to [email protected] and your information will be removed.