Education Planning

It’s never too early to start planning for your children’s education. The sooner you devise a plan, the sooner you can start making contributions so they can multiply over the years. Middlefield Bank has developed an education planning calculator to help you figure out how much money you need to set aside each month. Simply input the child’s age, the age they plan to start college, and the estimated tuition and room and board. Next, determine how much you need to save monthly. Plug in how much you have in savings already (zero is fine!), your estimated monthly contribution, anticipated rate of return, and adjustment for inflation. Calculate your results, and the calculator will generate a graph showing you how much you’ll save by the time your child reaches college age.

Middlefield Bank has partnered with College Avenue Student Loans to help undergraduate and graduate students finance their education or refinance their student loans. It’s easy to apply online, and you’ll get results in 60 seconds. We’ll work with you to secure a loan with terms that fit your budget. We invite you to meet with a banker at your local Middlefield branch.