College Cost Calculator
Project the total cost of college accounting for tuition inflation, and figure out how much you need to save monthly starting today to fund it.
How to use the College Cost Calculator
- Enter your inputs into the College Cost Calculator above.
- Results update instantly as you type — no submit button needed.
- Adjust any value to see how the result changes in real time.
The college funding projection
Future cost = Current cost × (1 + inflation)^years · · · Required monthly savings solves the annuity FV equation
College costs have outpaced general inflation, growing 4–5% annually. Project the future total, then use the future value of an annuity to solve for the monthly savings needed at your expected return.
Worked example
A 4-year in-state public school costing $28,000/year today at 5% inflation, in 18 years: future cost about $269,000 total. To save that at 6% return, deposits need to be roughly $695/month starting now.
Frequently asked questions
What is a 529 plan?
A state-sponsored education savings account where investments grow tax-free and withdrawals for qualified education expenses are tax-free. Many states also offer a state income tax deduction on contributions.
Is private vs. public worth the cost difference?
For most degrees, financial aid eligibility narrows the gap considerably. Private schools often have larger endowments and offer more institutional grants.
How does financial aid affect this calculation?
Most students pay less than the sticker price after grants and scholarships. The calculator gives a maximum target; actual out-of-pocket may be much less.