Home > Financial Aid > Calculators > Future College Cost And Savings Calculator

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.

Latest College & Financial Aid News

Convict Education 101: College in Prison funded through Pell Grants

August 4, 2015

by Susan Dutca

Is it possible to educate and correct inmates through quality, legitimate prison education? Discussions of social and educational reform, particularly within more decrepit and under-resourced environments are commonplace - but what about when it comes to educating incarcerated individuals? According to the Washington Post, proponents such as Education Secretary Arne Duncan plan to assist those [...]

80 Percent of College Students Drink

August 3, 2015

by Chris Bernardi

The disease of addiction has ravaged college campuses, evident by the fact that 80 percent of college students drink alcohol, 40 percent binge drink. College students make up one of the largest groups of drug abusers nationwide. Young adolescent’s ages 18-24 already have an increased risk of addiction- those enrolled in a full-time college program are twice as likely to abuse drugs and [...]

When Choosing A College, Weigh Wants, Needs and...Quirkiness?

August 2, 2015

by Christina Zhou

My name is Christina Zhou and as part of my duties as a virtual intern for Scholarships.com I will be writing blog articles each week. Writing is one of my passions and that, combined with the opportunity to help people, was what drew me to this position. Hopefully, the content in these articles will assist student readers everywhere in answering their questions about the college experience. [...]

Follow Us:

facebook twitter rss feed