Future Value: an American College Education - Assignment Example

Summary

In the paper “Future Value: an American College Education” the author analyzes the US Government Savings Bond, which is a highly recommendable plan for the grandmother to finance her grandchild’s higher education in the future. She can take a 20-year plan, which would attract a 3.5% annual interest…

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Future Value: an American College Education

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Subject: Education
Type: Assignment
Level: High School
Pages: 1 (250 words)
Downloads: 2

Extract of sample "Future Value: an American College Education"

The average tuition fee at a public university in the US is about $5,000 while that of a private college is $20,000 (Forgrave, 2009). I would, therefore, recommend that the grandson attends a public university whose tuition fees will amount to about $20,000. A student loan and grant may also come in handy, especially considering that the cost of living will not exactly be the same as it is 20 years from now. All in all, the grandmother will have an additional $29,744.72 to take care of these uncertainties should they arise.

This additional amount will also take care of the grandson’s upkeep, books, and other personal effects.

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Future Value: an American College Education Essay Example | Topics and Well Written Essays - 250 words. https://studentshare.org/education/1601715-unit-5-db-college-algebra

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