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Saving for post-secondary education

Updated

Students use an online compound interest calculator to answer questions and create charts that show the value of saving money over time for future education goals.

Big idea

The sooner you start saving for post-secondary education, the faster your money can grow from compound interest.

Essential questions

  • What savings goal can I set to help pay for higher education?
  • How can my savings grow over time? 

Objectives

  • Understand how time and compound interest can increase savings
  • Understand the value of starting early to save for post-secondary education  

What students will do

  • Watch a video on compound interest.
  • Identify reasons to start saving early for post-secondary education.
  • Use an online calculator to understand how time and compound interest can increase savings.