College Cost Calculator — Total Cost with Inflation & Savings Plan
Total Cost
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Savings at Start
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Gap
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Monthly Needed
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College Cost Calculator
Projects costs with tuition inflation. Savings grow at investment return.
Gap covered by monthly savings via annuity formula. Start early.
529 plans: tax-free growth and withdrawals for education expenses.
Disclaimer: This calculator is for informational purposes only and does not constitute financial, tax, or legal advice. Always consult a qualified professional for decisions specific to your situation.
Frequently Asked Questions
How much does college cost per year?
In-state public: $10-12K. Out-of-state: $23-25K. Private: $40-55K. Including tuition, fees, room, board.
How fast are costs rising?
Historically 5-8% per year. Recently slowed to 3-5%. This calculator defaults to 5%.
What is a 529 plan?
Tax-advantaged education savings. Contributions grow tax-free; withdrawals tax-free for qualified expenses.
When to start saving?
As early as possible. $200/month from birth beats $400/month starting at age 10, thanks to compounding.