The estimated total costs (as of today) for Jack Everett Griffin:
To attend The University of Texas at Austin starting in 2022 would be $174,098.
A lump-sum investment of $54,883 today or monthly investments of $553 would grow to $174,098.
To attend The University of the Incarnate Word (like Momma) starting in 2022 would be $269,932.
A lump-sum investment of $85,094 today or monthly investments of $857 would grow to $269,932.
To attend Princeton University starting in 2022 would be $476,100.
A lump-sum investment of $150,087 or monthly investments of $1,512 would grow to $476,100.
Assumptions:
- Jack begins college at age 18, and attends just four years.
- Rate of annual college cost increase - 6%
- Money earns 8% compound interest
Want to calculate this info for your kiddos? Click here: AmericanFunds.com
(Yes, you can choose maroon schools too... if you would want to do that to a child.)
1 comment:
I'm not even thinking maroon. I'm thinking community college sounds good. Or maybe they can just pick up a trade :-)
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