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College costs have risen 2–3× the general inflation rate historically. Enter current year costs and an annual escalation rate (3–6% is typical) to project future totals. Add expected scholarships, grants, and work-study to find the net out-of-pocket. Student loan interest accrues during school if unsubsidized—capitalize it for a realistic debt-at-graduation figure.
Deposits are converted to match compound frequency (e.g. quarterly compounds = 3× monthly amount per quarter).
Assumes a steady nominal rate and on-time deposits at the compound cadence. Actual products differ; this is educational only.