College Costs Calculator


How much have you saved for your child’s college education (in dollars)?

How much do you contribute per year to your child’s college savings
(in dollars)?



What year was your child born in?
(You may enter a future year if you are planning to have this child.)

How old will your child be when s/he goes to college?

years old.


Let’s figure out what kind of school this child will go to in each year of college.
First year

First year lives at

Second year

Second year lives at

Third year

Third year lives at

Fourth year

Fourth year lives at

Fifth year

Fifth year lives at

What percentage of your child’s education do you think will be covered by grants or scholarships?

Our most recent data (2007) shows that the average starting salary of someone with an undergraduate degree in psychology was about $31,600 and the average starting salary of someone who recently graduated with a degree in chemical engineering was $59,300. Knowing this, please enter a starting salary (in today’s dollars) for this student. (If you don’t know what to guess, somewhere between $40,000 and $45,000 is probably a safe estimate.)


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