College Cost Calculator

Estimate college costs and plan your savings strategy

How Much Does College Cost?

The College Cost Calculator can help determine rough estimates of what to expect from college costs, and in turn, how much to begin budgeting for it. To estimate the costs of more specific colleges, the can be used to get more precise annual college costs data. This calculator is mainly intended for use in the U.S.

Modify the values and click the Calculate button to use

Today's annual college costs:

College cost increase rate:

5% recommended

Expected college attendance duration:

years

Percent of costs from savings:

College savings balance now:

amount saved so far

Interest or investment return rate:

Tax rate on interest or investment return:

Including federal, state, and local tax use 0% for 529 plan savings

College will start in:

years

Reference:

Average Annual U.S. College Cost, Including Tuition, Fee, and Living Cost for 2024-2025

4-year private:$62,990

4-year public (in-state):$29,910

4-year public (out-of-state):$49,080

2-year public:$20,570

Understanding College Costs

College costs include tuition, fees, room and board, books, supplies, and other expenses. Understanding these costs and planning early can help you save money and reduce the need for student loans.

Key Factors to Consider:

• Cost Inflation: College costs typically increase faster than general inflation
• Savings Strategies: 529 plans offer tax advantages for college savings
• Financial Aid: Grants, scholarships, and work-study can reduce costs
• Loan Options: Federal and private student loans are available

Planning Tips: Start saving early, explore all financial aid options, and consider the total cost of attendance when choosing a college.