skip to main content
HomeFinancial & Ag ToolsFinancial ToolsCollege Funding Calculator


These calculators are designed to be informational and educational tools only, and when used alone, do not constitute investment advice. We strongly recommend that you seek the advice of a financial services professional before making any type of investment. We also encourage you to review your investment strategy periodically as your financial circumstances change. This model is provided as a rough approximation of future financial performance. The results presented by this calculator are hypothetical and may not reflect the actual growth of your own investments. FINRA and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. FINRA is not responsible for any human or mechanical errors or omissions.


College Funding Calculator

This calculator will help you determine how much money you need to invest on a monthly basis now, in order to be able to pay for your child's college education by the time they are ready to start college. The calculator allows you to choose between In-State and Out-of-State, between Resident and Commuter and between Public or Private – and adjusts the estimated costs according to those selections. Plus, the calculator even adjusts the future cost of attending college based on your own estimated rate of inflation.

Projected Total Four-Year Costs of Attending College: Four-year costs are based on The College Board's Annual Survey of Colleges for the 2005–2006 school year, and include tuition, room and board (adjusted by "resident"/"commuter" selection), transportation, books and other expenses. The costs are enrollment-weighted and inflated based upon your selected estimated annual rate of inflation. An 8% annual return on investment is assumed but does not represent a specific security. The calculator also assumes no additional investments or earnings once the child starts school, and that investments are made at the beginning of each school year.

Detailed instructions/information are displayed in the column to the right of each text box when you click in or tab into it.

1. Student's name


2. Years till college

3. Current savings

4. Outside funding

5. Gross annual income

6. Est. annual inflation rate

7. Student type


8. College type


9. College location


10. Start year


11. Future tuition cost

12. Current savings FV

13. Future savings/funding

14. Total savings gap

15. Monthly deposit required

16. Percent of annual Income