How much save for college calculator

University or College. Will you still be contributing during the studies? Yes No. I am already saving towards this. Feel free to view and adjust the assumptions applied in this calculation. College savings planner. Add child. Get your full report PDF.

Child 1. Results for Child 1. Cost of college. Estimated total cost. Some families will want to save for 4 years in college, while others aim to cover a portion of the total cost. The total cost of college is the 4-year cost of attendance from the year the child turns 18, factoring in tuition inflation.

The adjusted cost of college is calculated by taking the total cost of college and subtracting the expected scholarships and grants. Withdrawals begin the year you incur school tuition i.

This is assumed to be the year in which the child turns Taking into account your current savings, expected monthly contribution, and projected costs, this calculator quantifies the funding shortfall you could expect to be left with. This shortfall will have to be covered by loans or other funding sources. This calculator is designed to help you create the most effective funding strategy to cover your expected college costs using a plan.

Note that attendance costs and scholarship availability can vary considerably from school to school. In-state public university. Some states offer a tax deduction for contributions to a plan, which could further increase projected college savings if tax benefits are invested.

Read more about state tax benefits for plans , and estimate your state tax savings with our Tax Calculator. The amount of scholarships and grants the student can expect to receive is based on your household income.

This is the average amount of money a family typically receives in financial assistance. Based on your monthly contribution, this is how much you're expected to save in a college savings plan. Enter your e-mail address to begin the reset password process. How to Save for College What is a plan? Other Savings Options plan vs. Loans Calculator See all calculators.

Ratings and Reviews Best student loan refinance companies Best private student loans Best private student loans for parents Best private student loans for grad school Student loan reviews. Subscriptions Subscribe Support. Knowing this helps us better customize your experience. Sorry, child information is required. I am saving for Select one 1 child 2 children 3 children more than 3 children. I want to learn more about college savings.