With college costs increasing at twice the rate of inflation, it is important to start saving early. Interest working for you now in a regular savings program is much better than having interest work against you in the future in the form of education loans.
Current Savings and Assumptions
Annual college cost inflation: (%)  
Amount saved so far ($)
Current AgeCollege Start AgeYears AttendingAnnual Amount
Assumptions
Before-tax return: (%)
Marginal tax bracket: (%)
Annual increases: (%)  
Calculated results are estimates for illustrative purposes only. Actual savings and payments results will depend on the terms, amounts, and rate in your account. The calculator result does not constitute an offer for a loan; does not account for creditworthiness or other loan eligibility factors; and does not account for all fees or insurance that may apply. The calculator does not constitute a guaranteed financial outcome.


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