Scholarship Savings Calculator
Calculate if your college savings plan is on track.
Enter college cost, years until enrollment, current savings, and monthly contributions to see if you will have enough.
Savings Projection
College Savings growth is calculated using the future value formula with regular contributions:
Future Value = PV × (1 + r)ⁿ + PMT × [((1 + r)ⁿ - 1) / r]
Where:
- PV = Present value (current savings)
- PMT = Monthly contribution
- r = Monthly return rate (annual rate / 12)
- n = Number of months until college
Average annual college costs (2025-2026):
- Public in-state (4 years): $44,000 – $112,000
- Public out-of-state (4 years): $92,000 – $172,000
- Private university (4 years): $160,000 – $260,000
College costs increase about 3–5% per year on average.
Tips:
- Start saving early — compound growth does the heavy lifting
- Consider 529 plans for tax-advantaged education savings
- Even small monthly contributions add up significantly over 10–18 years
- A 7% average return is typical for a moderate stock/bond portfolio