Financial Resource Center

Saving & Investing

Calculate Education Expenses

March 19th, 2021


Plan today for your child's bright tomorrow. Use this calculator to estimate education expenses and see how your savings plan will meet them. (As a guide, inflation in 2019 is expected to be about 3%.)

Then be sure to turn to us for savings plans and student loans for all of your family's scholars.

What Will It Take to Save for a College Education?
Annual tuition and expenses
(today's dollars)		 $  
Years of college
 		    
Years until college
 		    
College savings so far
 		 $  
Amount you can save monthly
 		 $  
Estimated rate of return on investments
 		    
Estimated inflation rate
 		    
Federal tax rate
 		    
State tax rate
 		    
First year cost $
Total cost of education $
Your savings plan will save $

Provision of this calculator is not an offer of credit and in no way guarantees that credit will be granted. This calculator is solely for informational purposes and provides reasonably accurate estimates. The calculations are not intended to be relied upon as actual loan computations.

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