## Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2038 \$49,054 Monthly savings required \$218

How much will it cost to send your child to Northwest Louisiana Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at \$98,108.96 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of \$218.02 into a 529 or other college savings plan earning and after tax or tax exempt return of 7% will be necessary to achieve this balance.

## Assumptions

 Current Annual Cost \$19,886.00 Years until enrollment 18 Annual Tuition Increase 5% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 2

## Current Savings Shortfall

### College Savings Calculator

Discover how much will you need to start saving now to afford Northwest Louisiana Technical College in the future.

## College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$218.02 \$0.00 \$0.00 \$218.02
2 \$218.02 \$218.02 \$0.00 \$1.23 \$437.27
3 \$437.27 \$218.02 \$0.00 \$2.47 \$657.76
4 \$657.76 \$218.02 \$0.00 \$3.72 \$879.50
5 \$879.50 \$218.02 \$0.00 \$4.97 \$1,102.49
6 \$1,102.49 \$218.02 \$0.00 \$6.23 \$1,326.74
7 \$1,326.74 \$218.02 \$0.00 \$7.50 \$1,552.26
8 \$1,552.26 \$218.02 \$0.00 \$8.78 \$1,779.06
9 \$1,779.06 \$218.02 \$0.00 \$10.06 \$2,007.14
10 \$2,007.14 \$218.02 \$0.00 \$11.35 \$2,236.51
11 \$2,236.51 \$218.02 \$0.00 \$12.65 \$2,467.18
12 \$2,467.18 \$218.02 \$0.00 \$13.95 \$2,699.15
13 \$2,699.15 \$218.02 \$0.00 \$15.26 \$2,932.43
14 \$2,932.43 \$218.02 \$0.00 \$16.58 \$3,167.03
15 \$3,167.03 \$218.02 \$0.00 \$17.91 \$3,402.96
16 \$3,402.96 \$218.02 \$0.00 \$19.24 \$3,640.22
17 \$3,640.22 \$218.02 \$0.00 \$20.58 \$3,878.82
18 \$3,878.82 \$218.02 \$0.00 \$21.93 \$4,118.77
19 \$4,118.77 \$218.02 \$0.00 \$23.29 \$4,360.08
20 \$4,360.08 \$218.02 \$0.00 \$24.65 \$4,602.75
21 \$4,602.75 \$218.02 \$0.00 \$26.02 \$4,846.79
22 \$4,846.79 \$218.02 \$0.00 \$27.40 \$5,092.21
23 \$5,092.21 \$218.02 \$0.00 \$28.79 \$5,339.02
24 \$5,339.02 \$218.02 \$0.00 \$30.19 \$5,587.23
25 \$5,587.23 \$218.02 \$0.00 \$31.59 \$5,836.84
26 \$5,836.84 \$218.02 \$0.00 \$33.00 \$6,087.86
27 \$6,087.86 \$218.02 \$0.00 \$34.42 \$6,340.30
28 \$6,340.30 \$218.02 \$0.00 \$35.85 \$6,594.17
29 \$6,594.17 \$218.02 \$0.00 \$37.28 \$6,849.47
30 \$6,849.47 \$218.02 \$0.00 \$38.73 \$7,106.22
31 \$7,106.22 \$218.02 \$0.00 \$40.18 \$7,364.42
32 \$7,364.42 \$218.02 \$0.00 \$41.64 \$7,624.08
33 \$7,624.08 \$218.02 \$0.00 \$43.11 \$7,885.21
34 \$7,885.21 \$218.02 \$0.00 \$44.58 \$8,147.81
35 \$8,147.81 \$218.02 \$0.00 \$46.07 \$8,411.90
36 \$8,411.90 \$218.02 \$0.00 \$47.56 \$8,677.48
37 \$8,677.48 \$218.02 \$0.00 \$49.06 \$8,944.56
38 \$8,944.56 \$218.02 \$0.00 \$50.57 \$9,213.15
39 \$9,213.15 \$218.02 \$0.00 \$52.09 \$9,483.26
40 \$9,483.26 \$218.02 \$0.00 \$53.62 \$9,754.90
41 \$9,754.90 \$218.02 \$0.00 \$55.16 \$10,028.08
42 \$10,028.08 \$218.02 \$0.00 \$56.70 \$10,302.80
43 \$10,302.80 \$218.02 \$0.00 \$58.25 \$10,579.07
44 \$10,579.07 \$218.02 \$0.00 \$59.82 \$10,856.91
45 \$10,856.91 \$218.02 \$0.00 \$61.39 \$11,136.32
46 \$11,136.32 \$218.02 \$0.00 \$62.97 \$11,417.31
47 \$11,417.31 \$218.02 \$0.00 \$64.56 \$11,699.89
48 \$11,699.89 \$218.02 \$0.00 \$66.15 \$11,984.06
49 \$11,984.06 \$218.02 \$0.00 \$67.76 \$12,269.84
50 \$12,269.84 \$218.02 \$0.00 \$69.38 \$12,557.24
51 \$12,557.24 \$218.02 \$0.00 \$71.00 \$12,846.26
52 \$12,846.26 \$218.02 \$0.00 \$72.63 \$13,136.91
53 \$13,136.91 \$218.02 \$0.00 \$74.28 \$13,429.21
54 \$13,429.21 \$218.02 \$0.00 \$75.93 \$13,723.16
55 \$13,723.16 \$218.02 \$0.00 \$77.59 \$14,018.77
56 \$14,018.77 \$218.02 \$0.00 \$79.26 \$14,316.05
57 \$14,316.05 \$218.02 \$0.00 \$80.95 \$14,615.02
58 \$14,615.02 \$218.02 \$0.00 \$82.64 \$14,915.68
59 \$14,915.68 \$218.02 \$0.00 \$84.34 \$15,218.04
60 \$15,218.04 \$218.02 \$0.00 \$86.05 \$15,522.11
61 \$15,522.11 \$218.02 \$0.00 \$87.76 \$15,827.89
62 \$15,827.89 \$218.02 \$0.00 \$89.49 \$16,135.40
63 \$16,135.40 \$218.02 \$0.00 \$91.23 \$16,444.65
64 \$16,444.65 \$218.02 \$0.00 \$92.98 \$16,755.65
65 \$16,755.65 \$218.02 \$0.00 \$94.74 \$17,068.41
66 \$17,068.41 \$218.02 \$0.00 \$96.51 \$17,382.94
67 \$17,382.94 \$218.02 \$0.00 \$98.29 \$17,699.25
68 \$17,699.25 \$218.02 \$0.00 \$100.07 \$18,017.34
69 \$18,017.34 \$218.02 \$0.00 \$101.87 \$18,337.23
70 \$18,337.23 \$218.02 \$0.00 \$103.68 \$18,658.93
71 \$18,658.93 \$218.02 \$0.00 \$105.50 \$18,982.45
72 \$18,982.45 \$218.02 \$0.00 \$107.33 \$19,307.80
73 \$19,307.80 \$218.02 \$0.00 \$109.17 \$19,634.99
74 \$19,634.99 \$218.02 \$0.00 \$111.02 \$19,964.03
75 \$19,964.03 \$218.02 \$0.00 \$112.88 \$20,294.93
76 \$20,294.93 \$218.02 \$0.00 \$114.75 \$20,627.70
77 \$20,627.70 \$218.02 \$0.00 \$116.63 \$20,962.35
78 \$20,962.35 \$218.02 \$0.00 \$118.52 \$21,298.89
79 \$21,298.89 \$218.02 \$0.00 \$120.43 \$21,637.34
80 \$21,637.34 \$218.02 \$0.00 \$122.34 \$21,977.70
81 \$21,977.70 \$218.02 \$0.00 \$124.27 \$22,319.99
82 \$22,319.99 \$218.02 \$0.00 \$126.20 \$22,664.21
83 \$22,664.21 \$218.02 \$0.00 \$128.15 \$23,010.38
84 \$23,010.38 \$218.02 \$0.00 \$130.10 \$23,358.50
85 \$23,358.50 \$218.02 \$0.00 \$132.07 \$23,708.59
86 \$23,708.59 \$218.02 \$0.00 \$134.05 \$24,060.66
87 \$24,060.66 \$218.02 \$0.00 \$136.04 \$24,414.72
88 \$24,414.72 \$218.02 \$0.00 \$138.04 \$24,770.78
89 \$24,770.78 \$218.02 \$0.00 \$140.06 \$25,128.86
90 \$25,128.86 \$218.02 \$0.00 \$142.08 \$25,488.96
91 \$25,488.96 \$218.02 \$0.00 \$144.12 \$25,851.10
92 \$25,851.10 \$218.02 \$0.00 \$146.17 \$26,215.29
93 \$26,215.29 \$218.02 \$0.00 \$148.23 \$26,581.54
94 \$26,581.54 \$218.02 \$0.00 \$150.30 \$26,949.86
95 \$26,949.86 \$218.02 \$0.00 \$152.38 \$27,320.26
96 \$27,320.26 \$218.02 \$0.00 \$154.47 \$27,692.75
97 \$27,692.75 \$218.02 \$0.00 \$156.58 \$28,067.35
98 \$28,067.35 \$218.02 \$0.00 \$158.70 \$28,444.07
99 \$28,444.07 \$218.02 \$0.00 \$160.83 \$28,822.92
100 \$28,822.92 \$218.02 \$0.00 \$162.97 \$29,203.91
101 \$29,203.91 \$218.02 \$0.00 \$165.12 \$29,587.05
102 \$29,587.05 \$218.02 \$0.00 \$167.29 \$29,972.36
103 \$29,972.36 \$218.02 \$0.00 \$169.47 \$30,359.85
104 \$30,359.85 \$218.02 \$0.00 \$171.66 \$30,749.53
105 \$30,749.53 \$218.02 \$0.00 \$173.86 \$31,141.41
106 \$31,141.41 \$218.02 \$0.00 \$176.08 \$31,535.51
107 \$31,535.51 \$218.02 \$0.00 \$178.31 \$31,931.84
108 \$31,931.84 \$218.02 \$0.00 \$180.55 \$32,330.41
109 \$32,330.41 \$218.02 \$0.00 \$182.80 \$32,731.23
110 \$32,731.23 \$218.02 \$0.00 \$185.07 \$33,134.32
111 \$33,134.32 \$218.02 \$0.00 \$187.35 \$33,539.69
112 \$33,539.69 \$218.02 \$0.00 \$189.64 \$33,947.35
113 \$33,947.35 \$218.02 \$0.00 \$191.94 \$34,357.31
114 \$34,357.31 \$218.02 \$0.00 \$194.26 \$34,769.59
115 \$34,769.59 \$218.02 \$0.00 \$196.59 \$35,184.20
116 \$35,184.20 \$218.02 \$0.00 \$198.94 \$35,601.16
117 \$35,601.16 \$218.02 \$0.00 \$201.29 \$36,020.47
118 \$36,020.47 \$218.02 \$0.00 \$203.66 \$36,442.15
119 \$36,442.15 \$218.02 \$0.00 \$206.05 \$36,866.22
120 \$36,866.22 \$218.02 \$0.00 \$208.45 \$37,292.69
121 \$37,292.69 \$218.02 \$0.00 \$210.86 \$37,721.57
122 \$37,721.57 \$218.02 \$0.00 \$213.28 \$38,152.87
123 \$38,152.87 \$218.02 \$0.00 \$215.72 \$38,586.61
124 \$38,586.61 \$218.02 \$0.00 \$218.17 \$39,022.80
125 \$39,022.80 \$218.02 \$0.00 \$220.64 \$39,461.46
126 \$39,461.46 \$218.02 \$0.00 \$223.12 \$39,902.60
127 \$39,902.60 \$218.02 \$0.00 \$225.62 \$40,346.24
128 \$40,346.24 \$218.02 \$0.00 \$228.12 \$40,792.38
129 \$40,792.38 \$218.02 \$0.00 \$230.65 \$41,241.05
130 \$41,241.05 \$218.02 \$0.00 \$233.18 \$41,692.25
131 \$41,692.25 \$218.02 \$0.00 \$235.73 \$42,146.00
132 \$42,146.00 \$218.02 \$0.00 \$238.30 \$42,602.32
133 \$42,602.32 \$218.02 \$0.00 \$240.88 \$43,061.22
134 \$43,061.22 \$218.02 \$0.00 \$243.47 \$43,522.71
135 \$43,522.71 \$218.02 \$0.00 \$246.08 \$43,986.81
136 \$43,986.81 \$218.02 \$0.00 \$248.71 \$44,453.54
137 \$44,453.54 \$218.02 \$0.00 \$251.35 \$44,922.91
138 \$44,922.91 \$218.02 \$0.00 \$254.00 \$45,394.93
139 \$45,394.93 \$218.02 \$0.00 \$256.67 \$45,869.62
140 \$45,869.62 \$218.02 \$0.00 \$259.35 \$46,346.99
141 \$46,346.99 \$218.02 \$0.00 \$262.05 \$46,827.06
142 \$46,827.06 \$218.02 \$0.00 \$264.77 \$47,309.85
143 \$47,309.85 \$218.02 \$0.00 \$267.50 \$47,795.37
144 \$47,795.37 \$218.02 \$0.00 \$270.24 \$48,283.63
145 \$48,283.63 \$218.02 \$0.00 \$273.00 \$48,774.65
146 \$48,774.65 \$218.02 \$0.00 \$275.78 \$49,268.45
147 \$49,268.45 \$218.02 \$0.00 \$278.57 \$49,765.04
148 \$49,765.04 \$218.02 \$0.00 \$281.38 \$50,264.44
149 \$50,264.44 \$218.02 \$0.00 \$284.20 \$50,766.66
150 \$50,766.66 \$218.02 \$0.00 \$287.04 \$51,271.72
151 \$51,271.72 \$218.02 \$0.00 \$289.90 \$51,779.64
152 \$51,779.64 \$218.02 \$0.00 \$292.77 \$52,290.43
153 \$52,290.43 \$218.02 \$0.00 \$295.66 \$52,804.11
154 \$52,804.11 \$218.02 \$0.00 \$298.56 \$53,320.69
155 \$53,320.69 \$218.02 \$0.00 \$301.48 \$53,840.19
156 \$53,840.19 \$218.02 \$0.00 \$304.42 \$54,362.63
157 \$54,362.63 \$218.02 \$0.00 \$307.37 \$54,888.02
158 \$54,888.02 \$218.02 \$0.00 \$310.34 \$55,416.38
159 \$55,416.38 \$218.02 \$0.00 \$313.33 \$55,947.73
160 \$55,947.73 \$218.02 \$0.00 \$316.34 \$56,482.09
161 \$56,482.09 \$218.02 \$0.00 \$319.36 \$57,019.47
162 \$57,019.47 \$218.02 \$0.00 \$322.40 \$57,559.89
163 \$57,559.89 \$218.02 \$0.00 \$325.45 \$58,103.36
164 \$58,103.36 \$218.02 \$0.00 \$328.52 \$58,649.90
165 \$58,649.90 \$218.02 \$0.00 \$331.62 \$59,199.54
166 \$59,199.54 \$218.02 \$0.00 \$334.72 \$59,752.28
167 \$59,752.28 \$218.02 \$0.00 \$337.85 \$60,308.15
168 \$60,308.15 \$218.02 \$0.00 \$340.99 \$60,867.16
169 \$60,867.16 \$218.02 \$0.00 \$344.15 \$61,429.33
170 \$61,429.33 \$218.02 \$0.00 \$347.33 \$61,994.68
171 \$61,994.68 \$218.02 \$0.00 \$350.53 \$62,563.23
172 \$62,563.23 \$218.02 \$0.00 \$353.74 \$63,134.99
173 \$63,134.99 \$218.02 \$0.00 \$356.97 \$63,709.98
174 \$63,709.98 \$218.02 \$0.00 \$360.23 \$64,288.23
175 \$64,288.23 \$218.02 \$0.00 \$363.49 \$64,869.74
176 \$64,869.74 \$218.02 \$0.00 \$366.78 \$65,454.54
177 \$65,454.54 \$218.02 \$0.00 \$370.09 \$66,042.65
178 \$66,042.65 \$218.02 \$0.00 \$373.41 \$66,634.08
179 \$66,634.08 \$218.02 \$0.00 \$376.76 \$67,228.86
180 \$67,228.86 \$218.02 \$0.00 \$380.12 \$67,827.00
181 \$67,827.00 \$218.02 \$0.00 \$383.50 \$68,428.52
182 \$68,428.52 \$218.02 \$0.00 \$386.90 \$69,033.44
183 \$69,033.44 \$218.02 \$0.00 \$390.33 \$69,641.79
184 \$69,641.79 \$218.02 \$0.00 \$393.76 \$70,253.57
185 \$70,253.57 \$218.02 \$0.00 \$397.22 \$70,868.81
186 \$70,868.81 \$218.02 \$0.00 \$400.70 \$71,487.53
187 \$71,487.53 \$218.02 \$0.00 \$404.20 \$72,109.75
188 \$72,109.75 \$218.02 \$0.00 \$407.72 \$72,735.49
189 \$72,735.49 \$218.02 \$0.00 \$411.26 \$73,364.77
190 \$73,364.77 \$218.02 \$0.00 \$414.82 \$73,997.61
191 \$73,997.61 \$218.02 \$0.00 \$418.39 \$74,634.02
192 \$74,634.02 \$218.02 \$0.00 \$421.99 \$75,274.03
193 \$75,274.03 \$218.02 \$0.00 \$425.61 \$75,917.66
194 \$75,917.66 \$218.02 \$0.00 \$429.25 \$76,564.93
195 \$76,564.93 \$218.02 \$0.00 \$432.91 \$77,215.86
196 \$77,215.86 \$218.02 \$0.00 \$436.59 \$77,870.47
197 \$77,870.47 \$218.02 \$0.00 \$440.29 \$78,528.78
198 \$78,528.78 \$218.02 \$0.00 \$444.01 \$79,190.81
199 \$79,190.81 \$218.02 \$0.00 \$447.76 \$79,856.59
200 \$79,856.59 \$218.02 \$0.00 \$451.52 \$80,526.13
201 \$80,526.13 \$218.02 \$0.00 \$455.31 \$81,199.46
202 \$81,199.46 \$218.02 \$0.00 \$459.11 \$81,876.59
203 \$81,876.59 \$218.02 \$0.00 \$462.94 \$82,557.55
204 \$82,557.55 \$218.02 \$0.00 \$466.79 \$83,242.36
205 \$83,242.36 \$218.02 \$0.00 \$470.66 \$83,931.04
206 \$83,931.04 \$218.02 \$0.00 \$474.56 \$84,623.62
207 \$84,623.62 \$218.02 \$0.00 \$478.47 \$85,320.11
208 \$85,320.11 \$218.02 \$0.00 \$482.41 \$86,020.54
209 \$86,020.54 \$218.02 \$0.00 \$486.37 \$86,724.93
210 \$86,724.93 \$218.02 \$0.00 \$490.36 \$87,433.31
211 \$87,433.31 \$218.02 \$0.00 \$494.36 \$88,145.69
212 \$88,145.69 \$218.02 \$0.00 \$498.39 \$88,862.10
213 \$88,862.10 \$218.02 \$0.00 \$502.44 \$89,582.56
214 \$89,582.56 \$218.02 \$0.00 \$506.51 \$90,307.09
215 \$90,307.09 \$218.02 \$0.00 \$510.61 \$91,035.72
216 \$91,035.72 \$218.02 \$0.00 \$514.73 \$91,768.47
217 \$91,768.47 \$218.02 \$47,858.03 \$518.87 \$44,647.33
218 \$44,647.33 \$218.02 \$0.00 \$252.44 \$45,117.79
219 \$45,117.79 \$218.02 \$0.00 \$255.10 \$45,590.91
220 \$45,590.91 \$218.02 \$0.00 \$257.78 \$46,066.71
221 \$46,066.71 \$218.02 \$0.00 \$260.47 \$46,545.20
222 \$46,545.20 \$218.02 \$0.00 \$263.17 \$47,026.39
223 \$47,026.39 \$218.02 \$0.00 \$265.89 \$47,510.30
224 \$47,510.30 \$218.02 \$0.00 \$268.63 \$47,996.95
225 \$47,996.95 \$218.02 \$0.00 \$271.38 \$48,486.35
226 \$48,486.35 \$218.02 \$0.00 \$274.15 \$48,978.52
227 \$48,978.52 \$218.02 \$0.00 \$276.93 \$49,473.47
228 \$49,473.47 \$218.02 \$0.00 \$279.73 \$49,971.22
229 \$49,971.22 \$0.00 \$50,250.93 \$282.54 \$2.83