Public school tuition, room and board costs average about $20,000, private school tuition, room and board costs average about $38,000 and elite private school tuition, room and board costs average about $50,000.
College tuition inflation is typically higher than the overall inflation. Over the past 2 decades, tuition inflation has averaged about 6%.
Child 1
For a long term investment (10 years or more), an aggressive investor might choose 10%, a moderate investor might choose 8%, and a conservative investor might choose 6%.
Child 2
For a long term investment (10 years or more), an aggressive investor might choose 10%, a moderate investor might choose 8%, and a conservative investor might choose 6%.
Child 3
For a long term investment (10 years or more), an aggressive investor might choose 10%, a moderate investor might choose 8%, and a conservative investor might choose 6%.
Child 4
For a long term investment (10 years or more), an aggressive investor might choose 10%, a moderate investor might choose 8%, and a conservative investor might choose 6%.
Child 5
For a long term investment (10 years or more), an aggressive investor might choose 10%, a moderate investor might choose 8%, and a conservative investor might choose 6%.
Child 6
For a long term investment (10 years or more), an aggressive investor might choose 10%, a moderate investor might choose 8%, and a conservative investor might choose 6%.
