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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 4.36% up 4.24%  
15 Y Fixed Graph 3.39% up 3.26%  
30 Y Fixed Jumbo Graph 4.68% up 4.61%  
5/1 ARM Graph 3.36% up 3.27%  
5/1 Jumbo ARM Graph 3.49% up 3.39%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.74% dw 4.75%  
$50K HELOC Graph 4.51% -- 4.51%  
$30K Loan Graph 5.25% -- 5.25%  
$50K Loan Graph 4.59% up 4.58%  
$75K Loan Graph 4.56% up 4.55%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.56% up 2.55%  
36 M Used Graph 3.07% up 3.06%  
48 M New Graph 2.91% up 2.81%  
48 M Used Graph 2.79% dw 2.91%  
60 M New Graph 2.94% up 2.90%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.37% up 0.35%  
1 yr Graph 0.68% up 0.64%  
5 yr Graph 1.37% dw 1.38%