RE: How Much To Save For College - Schwab's Math is Off

From: "David J. Churchill" <churchilld@worldnet.att.net>
Subject: RE: How Much To Save For College - Schwab's Math is Off
Date: Tue, 24 Mar 1998 18:34:42 -0500 (EST)

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$800 a month for 10 years is $800/month x 12 months/year x 10 years 
$96,000, not taking into account ANY return on your investment.  Where I 
live you can put two kids TODAY through 4 years of public university for 
$80,000 total.  Seems like Schwab's math is a bit off.  If you take into 
account a return on your investment, the results will be truly 
astounding - if you start investing for college when your kids are so 
long, you shouldn't have to put anything like $800/month into the 
college fund.

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