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Children traditionally enter college at age 18, and usually attend four to five years to obtain an undergraduate degree. College costs include tuition and fees, room and board, and other expenses. If you do not know the current cost of the college your child will attend, use the chart below. Since college costs historically have increased at a rate equal to twice the normal inflation rate, a 6% inflation rate is used with this calculator.

Annual Cost for College

Source of Information Public Community College Public 4-Year College Private 4-Year College
U.S. Dept. of Ed. $7,397 $10,058 $25,050

*Costs are estimated from the National Center for Education Statistics, U.S. Department of Education. Actual costs are determined by each individual college each fiscal year.

College Cost & Savings Calculator

Annual Current Cost of College
Years to Enrollment in College
Annual Percent Return on Investment
Type of School 2-Year school 4-Year school

Results

Estimated Cost of Years of College
Academic Year College Cost
/ $
/ + $
/ + $
/ + $
 
Total Estimated Cost = $
Annual Savings Required = $
Monthly Savings Required = $
Weekly Savings Required = $
 
Annual saving required based on % annual return on investment.

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