Use Our College Savings Calculator to Plan for Your Child’s Future

 

A college savings plan is a great way to give your child a leg up after they graduate from high school. Instead of being saddled with mountains of student loan debt, they’ll have access to funding that’ll help them pay for college and any other expenses along the way.

 

UNest as an easy and effective way to invest in your child’s future with a flexible and tax-advantaged custodial account. On top of you contributing to it whenever you can, your family and friends can add funds as well. Get started opening a UNest account for your child today.

 

College calculator

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College calculator

Some name
Age 12
Estimated College Cost
$142,899
2025
  0
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The Importance of a College Savings Plan

 

College is Incredibly Expensive

College is notorious for being very expensive. The average tuition for one year in a public, four-year college was around $10,740 for in-state residents. That number jumps to $27,560 for students from out of state. Keep in mind, that’s just for tuition. That doesn’t take into account the additional costs of living that college students encounter. For example, the average room and board costs for a college student were nearly $12,000 on top of the tuition amount. Using a college savings calculator is a crucial first step as you plan for these financial hurdles.

 

Your Investment Has Time to Grow

Whether you’re contributing to a 529 or a UTMA, when you start investing for your child’s future at a young age, you’re giving their investment account plenty of time for a potential to grow. Your account may grow depending on the investments, which can result in their account balance increasing as opposed to stagnating or depreciating in a traditional savings account.

 

Ready to Get Started Planning for Your Child’s Future?

Disclosure

College Savings Calculator is a hypothetical tool that demonstrates how monthly contributions, age-based asset rebalancing, and tax savings may impact the long-term value of your account, and do not take into account a portfolio’s underlying investment management fees. Calculations assume the private institution cost inflation is 2.8%, public out of state cost inflation is 3.9%, public in state cost inflation is 2.7%. Portfolio is assumed to have only stocks and bonds. Monthly equity returns are based on the historical data from the 10-year track record of the stock market (SPY). Monthly fixed income returns are based on the historical data from the 10-year track record of the bond market index (AGG). The current college expenses are provided by the collegeboard.org. Actual account performance may differ due to market fluctuations, changes in recurring investments, and asset allocation. The information provided here is for illustrative purposes only and does not represent actual or future performance of any investment option and is not intended to predict or project the investment performance of any security or index.