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    • Lifetime Planner - College Expenses, Todays or Future Dollars?

    Member ✭✭✭✭
    edited April 2022 in Budgeting and Planning Tools (Windows)
    This is probably a silly question, but I'm not sure.

    College is still more than a decade away for the oldest kid.

    So when I enter college costs in the lifetime planner, am I entering the costs for today or for 15 years later when the oldest actually attends college?

    I'm pretty sure it's today's dollars because there is a screen where I enter the yearly increases.  Right?

    Best Answer

    • Quicken Windows Subscription SuperUser ✭✭✭✭✭
      Answer ✓
      Hi @""James J"

      I haven't used the college planner in a while, but I believe that you are supposed to enter current costs because I recall that the planner adds an inflation factor which is actually greater than regular inflation (because college costs have been more than regular inflation for a number of years).

      Frankx

                              Quicken Home, Business & Rental Property - Windows 10-Home Version

                                               - - - - Quicken User since 1984 - - - 
        -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -

    Answers

    • Quicken Windows Subscription SuperUser ✭✭✭✭✭
      Answer ✓
      Hi @""James J"

      I haven't used the college planner in a while, but I believe that you are supposed to enter current costs because I recall that the planner adds an inflation factor which is actually greater than regular inflation (because college costs have been more than regular inflation for a number of years).

      Frankx

                              Quicken Home, Business & Rental Property - Windows 10-Home Version

                                               - - - - Quicken User since 1984 - - - 
        -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -

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