Planning for college costs
Planning for higher education is an investment in the future of your child, grandchild, friend, spouse, or even yourself. Starting early and investing regularly are key strategies to being prepared for the expenses of higher education.
How much could college cost?
People who graduate from college have a greater chance of finding good jobs at higher pay than those with only a high school diploma. The costs associated with a college degree continue to rise each year, so it's important to plan ahead.
See how much four years of a U.S. college could cost (including tuition, fees, books, supplies, room, board, and transportation).
Cost of waiting
The Cost of Waiting Calculator demonstrates the importance of starting early when saving for higher education. It will help you understand the future cost of college expenses and help you estimate how much you'll need to save to reach your college investment goal by using a 529 plan.
Are you on track?
Wondering whether you're on track to meet your child's college expenses? Use the College Savings Planner to help you determine your college funding goals, gaps in your current savings and what it will take to get back on track to meet your goals.
When investing for higher education, the impact to financial aid is always top of mind for parents. The Financial Aid Calculator will estimate the Expected Family Contribution (EFC), which represents what colleges may expect families to pay for one year of attendance.
Investing for higher education is a marathon, not a sprint. Here are some additional resources to help answer questions or give you ideas about moving toward your goals:
Use Recurring Contributions to Save for your Goals
Dollar-cost Averaging Helps Eliminate Guesswork
Monthly Investments Add Up Over Time