Savings plan estimator
See how your savings could add up. This tool can give you an idea of the portion of college costs your contributions could cover based on your child's age and how much you plan to save. Then, try different scenarios by clearing your information and starting again.
Every dollar saved is one less dollar that might be needed in student loans. Also, consider using the gifting feature to request and receive contributions from loved ones.
This calculator assumes a 6% annual investment return and a 5% annual tuition growth, compounded annually. Annual contribution will assume the sum of 52 weekly contributions and will be calculated at the start of the year, not the end. Interest calculations will consider the full year of contributions. Total Tuition is the adjusted tuition rate, summed for the total number of years specified by the college type. Public two-year school (in-state) – commuting (Cost $3,860 annually), Public four-year school (in-state) – living on campus (Cost $23,250 annually), Private four-year school – living on campus (Cost $53,430 annually). The tuition rates for each college type are averages from ©2022 The College Board, "Trends in College Pricing and Student Aid 2022."
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