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Anyone who has been to college or who is still paying off a student loan can attest to the fact that a college education is an expensive endeavor. With the cost of college increasing each year (and outpacing inflation) how are you supposed to invest enough? It begins with a bit of planning.

You can use the following worksheet to see how well your current plan is working, then begin to refine your strategy accordingly to meet your goal.

Some tips for filling out the worksheet:
 
Input your data in today's (current) dollars. When planning for the future, people often speak in terms of "current" and "future" dollars. "Future dollars" simply takes into consideration the effects of inflation. This calculator is designed to take into account the effects of inflation, so that you don't have to. Input your data as it is correct today, and the calculator will do the rest.
 
For some fields, we've provided default inputs – you are welcome to edit these if you wish.

1 Your Current Investments
Current taxable assets allocated for college (investments other than your Education Savings Account, formerly known as the Education IRA, assets):
$
Monthly investment toward college (does not include your Education Savings Account investments):
$
Increase monthly investment by rate of inflation? Yes No
Anticipated rate of return for your investments
 
How much do you currently have invested toward college in tax-free (Education Savings Account) accounts?
$
How much are you adding to your tax-free (Education Savings Account) accounts? Select one option and fill in the corresponding box. If desired, values in the box may be blank or zero.
$ monthly OR
$ annually
Anticipated rate of return for your investments
 
 
2. Household Information
Federal tax rate (see table below)
State tax rate %
Average annual rate of inflation %
Average annual college cost rate of inflation %
 
2006 Federal Income Tax Brackets and Rates

Single Return

Married Filing Jointly Return

Federal Tax Rate
$0 - $7,550
$0 - $15,100
10%
$7,551 - $30,650
$15,101 - $61,300
15%
$30,651 - $74,200
$61,301 - $123,700
25%
$74,201 - $154,800
$123,701 - $188,450
28%
$154,801 - $336,550
$188,45 - $336,550
33%
Over $336,550
Over $336,550
35%
 
3. College Investment Goal
Student's current age
Student's age when entering college
Estimated annual cost of attendance
(see examples below in current dollars)
$
Number of years in college
 
Sample Undergraduate Budgets (average), 2005-2006
Type of College Annual Cost of Attendance
2-year public $2,992*
4-year public (in-state) $15,566
4-year public (out-of-state) $23,239
4-year private $31,916
*Includes the costs of tuition, fees, books, and supplies. Does not include costs of room, board, transportation, or other expenses.
Source: Trends In College Pricing © 2005 by College Entrance Examination Board, New York, New York.

Click here for a list of Wisconsin colleges and 2004-2005 tuition rates.

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Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither Wells Fargo nor its representatives may give legal or tax advice.


This Web site is accompanied by a current program description for EdVest. Consider the investment objectives, risks, charges and expenses of the investment carefully before investing. This and other information about EdVest can be found in a current program description. Please read it carefully before investing.

An investor’s or a designated beneficiary’s home state may offer state tax or other benefits that are only available for investments in that state’s qualified tuition program. Please consider this before investing.

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