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Here's an excellent book on financial aid and awards that I highly recommend and that I've bought.

The College Solution: A Guide for Everyone Looking for the Right School at the Right Price Lynn O'Shaughnessy

Using this book's advice might help you save thousands which might help to lessen the amount you need to save and get the merit awards and grants that will save a ton of $$$$.

Also, this calculator assumes a public school will be cheaper than a private school and that's not necessarily correct. Depends on what schools offer in terms of assistance. Again, this book provides excellent info.

Hope this helps the parents out there...there's even a what to do when section from freshman year to senior in H.S. as well as a handy cheat sheet at the back summarizing the book.

good luck to all of us...we need it when it comes to colleges...they are overpriced for what we obtain and I would guess while college grads earn more than HS grads the v...(Read more of this comment)alue of this 'degree' is becoming watered down.

peace!
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I agree with RV completely. Also this would be much more usefull if it showed or took into account how much was already being contributed and showed a +/- to reach the goal......like most retirement calc.'s do.

The calculator for how much to save for college would be much more useful if it included a place to enter how much one (the parent/s) expect to contribute annually while the student is in college. That would give one a more realistic figure of what to save.

Posted by: FrugalDad on Twitter

Just ran numbers on kids' college funds. According to this calculator, I should be saving $900/month combined. Ouch. http://bit.ly/2hqHd3

Posted by: FrugalDad on Twitter

http://bit.ly/2hqHd3