Can a college planning calculator account for inflation and rising college costs over time?
Curious about College planning calculator
Yes, many college planning calculators take into account inflation and rising college costs over time. These calculators usually allow you to enter the current cost of college and the number of years until your child starts college, and then use an inflation rate to estimate future college costs. By factoring in inflation, the calculator can provide a more accurate estimate of how much you will need to save for college. Some calculators may also provide projections for future college costs based on historical data and other factors. It is important to keep in mind that these estimates are just projections and may not necessarily reflect actual future costs.