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Financial Education and Tools

How can I save for college?

Plan for the future by learning how much you need to save now.

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My Information

College Details
Annual tuition and expenses in today's dollars
$
Years until college
Years of college
View Glossary Term: 'Inflation rate' in a new browser window.Inflation rate
%

Savings Details
College savings to date
$
Amount you can save monthly
$
Your savings rate
%

View Glossary Term: 'Your federal tax rate' in a new browser window.Your federal tax rate
%
Your state tax rate
%
Learn more about this calculator ››

Important note about this calculator

The calculators are provided by one or more third party service providers. The figures entered on the input page of this calculator are for hypothetical purposes only. You should enter figures that are appropriate to your individual situation. The results provided by this calculator are also intended for illustrative purposes only and accuracy is not guaranteed. Bank of America and its affiliates are not tax or legal advisers. This calculator is not intended to offer any tax, legal, financial or investment advice and does not assure the availability of or your eligibility for any specific product offered by Bank of America, its affiliates or any other institution, nor does this calculator predict or guarantee the actual results of any investment product. The terms and conditions of products offered by institutions will differ and may affect the results of the calculator. Please consult with qualified professionals to discuss your situation.

On calculators which require you to select an anticipated investment return, consideration should be given to factors affecting your potential return such as investment objectives, risk tolerance, and the time horizon for the investment. Remember, past performance is no guarantee of future results.

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