The Hall Monitor

How much do you need to save for college?

May

My colleague brought this savings calculator to my attention and I thought you all would be interested in giving it a go.

She has three young children and her calculations exposed a grim reality: She and her husband have to start saving $6,684 per month starting right now in order to send all three kids to Ivy League colleges without depending on any financial aid or scholarships.

Her response?

“Riiiiight…”

This entry was posted on Monday, May 19th, 2008 at 10:25 am by Diana Costello.
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One Response to “How much do you need to save for college?”

Jack May 21st, 2008 at 2:42 am
grim, indeed. $6,684/month? unless you’ve got it made…good luck. i suppose it’s true though. sounds about right, especially if you want all 3 kids to go to an ivy league.

(keep up the good work, diana. your columns are great)

jack

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