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Calculators > College

How Much Should I Be Saving for College?
With the cost of higher education rising at more than twice the rate of inflation, early and consistent savings are critical. By starting now, you can take advantage of compounding interest to grow your college fund—helping you avoid costly student loans in the future. Use our calculator to estimate how much you should be setting aside today.

Feasibility of Student Loan Repayment
Student loans can be a necessary tool to finance education, but repayment can significantly impact your financial flexibility after graduation. High loan balances may affect your ability to qualify for a mortgage, car loan, or other personal credit. Use this tool to evaluate whether your future income can comfortably support your loan obligations.

What Are the Advantages of a Coverdell ESA?
A Coverdell Education Savings Account (ESA) offers tax-advantaged growth for educational expenses. Contributions grow tax-deferred and withdrawals are tax-free when used for qualified costs—including tuition, technology, uniforms, and transportation for K–12 education. Use this calculator to see how a Coverdell ESA can benefit your savings strategy.

What Are the Advantages of a 529 College Savings Plan?
A 529 College Savings Plan allows your investments to grow tax-deferred and be withdrawn tax-free when used for qualified higher education expenses. Many states also offer tax deductions for contributions. Explore how a 529 plan can help you meet your education funding goals with this easy-to-use calculator.

What Is the Value of a College Education?
Higher education is an investment in your future. On average, individuals with a bachelor’s degree earn significantly more over their lifetimes compared to those with only a high school diploma. Use this calculator to visualize the long-term financial benefits of earning a college degree.

What Are the Payments on a Parental (PLUS) Loan?
Parent PLUS Loans provide a low-interest, federally backed option for parents to help finance their child’s undergraduate education—or for graduate students to fund their own advanced studies. Use this tool to project monthly payments and total repayment costs.

Should I Live at Home, On Campus, or Off Campus?
Housing decisions can have a major impact on your overall college costs. Use this calculator to compare the financial implications of living at home, residing on campus, or renting off campus. Understanding your cost-of-living options can help you make a choice that aligns with both your lifestyle and your budget.

When Should I Begin Saving for a Child’s College?
When it comes to saving for college, time is one of your greatest allies. The earlier you start, the more you can benefit from compound growth—and the less you’ll need to contribute later. Use this calculator to see how starting early can reduce your future financial burden.