College Savings Planner

Use the College Savings Planner to model your college funding goals and how you plan to help meet them. Then, click on "View Report," and print your personal College Savings Planner report.

Results for Child 1

Cost of college
Estimated total cost
Amount you plan to cover
Amount needed to meet your savings goal
Based on current savings,
you'll cover ...
To reach the full amount you
plan to cover ...
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The national average cost data is from The College Board's annual "Trends in College Pricing" report. All Rights Reserved. College cost information used in this tool comes from various governmental and other publicly available sources, including the Integrated Post-Secondary Education Data System of the National Center for Educational Statistics of the Institute of Education Sciences, the statistics, research, and evaluation arm of the U.S. Department of Education.  SS&C Technologies, Inc. and its affiliates are not responsible for the completeness or accuracy of information obtained from such third-party sources.

Calculators and related tools are provided by SS&C Retirement Solutions, LLC ("SS&C"), a party unaffiliated with your firm's service provider, National Financial Services LLC or Fidelity Brokerage Services LLC (“Fidelity”), or your firm. Neither Fidelity nor your firm has been involved in the preparation or the content supplied by SS&C and does not guarantee or assume any responsibility for its content. The retirement planning, estate planning, and tax information contained herein is general in nature, is provided for informational and educational purposes only, and should not be considered legal or tax advice.

Fidelity is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with any investment or transaction described herein. Fiduciaries are solely responsible for exercising independent judgment in evaluating any transaction(s) and are assumed to be capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies. Fidelity has a financial interest in any transaction(s) that fiduciaries, and if applicable, their clients, may enter into involving Fidelity’s products or services. Always consult an attorney or tax professional regarding your client’s specific legal or tax situation. By using these tools you acknowledge that it is your obligation to comply with any applicable legal and regulatory requirements when providing the reports to your clients. You should consult with your firm’s legal or compliance personnel regarding the use of these tools and reports.

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Here are the average costs of one year of college in today`s dollars for several types of school. In addition to tuition, all costs include room & board on campus, except for public two-year schools for which an estimate of off-campus living expenses is included. Please click the "Select Cost or Specific College" link below this input section to view and select other averages or colleges.

Public 2-year school $15,960
Public 4-year school, in-state $26,210
Public 4-year school, out-of-state $45,380
Private 4-year school, average $59,890
Private 4-year school, expensive $72,021
Average Cost Data © 2025 The College Board, "Trends in College Pricing 2024". Costs are rounded to $100.

The College Savings Planner uses the specified hypothetical fixed average annual rate of return to estimate hypothetical earnings on education savings.

The College Savings Planner takes into account a designated percentage of college cost to be funded by savings. Most families do not save the entire amount, but use student employment, education loans and financial aid to meet a portion of college costs.

The College Savings Planner uses the education cost inflation rate to estimate future college costs. The college cost inflation rate has tended to be higher than general inflation. On average, college costs have historically increased by between approximately 5% and 7% per year.

Some college savings accounts, like 529 savings plans, give you tax-deferred growth and tax-free withdrawals. This means that you won't pay any income taxes on the amount your account earns while it's growing, and if you use the money for qualified education expenses, those earnings will be tax-free when you withdraw them.