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How Much Should I Be Saving For College?

With college costs increasing at twice the rate of inflation, it is important to start saving early. Interest working for you now in a regular savings program is much better than having interest work against you in the future in the form of education loans.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.17% up 4.11%  
15 Y Fixed Graph 3.19% up 3.16%  
30 Y Fixed Jumbo Graph 4.35% up 4.32%  
5/1 ARM Graph 3.30% up 3.13%  
5/1 Jumbo ARM Graph 3.56% up 3.32%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.41% dw 4.52%  
$50K HELOC Graph 4.06% dw 4.09%  
$30K Loan Graph 5.08% -- 5.08%  
$50K Loan Graph 4.56% -- 4.56%  
$75K Loan Graph 4.56% -- 4.56%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 3.06% up 3.04%  
36 M Used Graph 3.29% up 3.26%  
48 M New Graph 2.96% dw 2.99%  
48 M Used Graph 2.96% up 2.93%  
60 M New Graph 3.22% dw 3.25%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.37% -- 0.37%  
1 yr Graph 0.60% -- 0.60%  
5 yr Graph 1.45% -- 1.45%