1st Advantage Federal Credit Union Home Page
College Planner Calculator
Printable Version
Learn PlanTake ActionContact Us


How much will college cost?

Saving for your child’s education requires careful up-front planning, and thanks to the power of compounding, the sooner you start to save, the easier it will be. Use this calculator to help you set up a savings schedule for your children's college education.

After you’ve entered your information below, click the "Calculate" button to estimate how much you’ll need to save each month to reach your goal.

College Planner Calculator
Select the number of children:
(Changing this number will cause the page to reset)
Name Current Age Age When Starting College Expected Years in College College Type or Estimated Tuition Estimated Tuition
 
 
 
 
 
 
 
 
 
 


1. How much are your saving each month for college? $
2. What is your currently college savings balance? $
3. What is your expected savings growth rate?1 %
4. What do you expect in annual college cost increases?2 %
1Use an average rate of return that's appropriate for the mix of investments in your portfolio.
2The anticipated increase in college costs is between 6% to 8% per year.

The calculation provided is for illustration purposes only and is not intended to represent a guaranteed college savings amount. The calculation is not intended to provide either specific advice or a recommendation to any individual. Please consult a professional tax advisor before taking specific action.