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Articles

Cost

Savings

Paying

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Aid

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Compare

  1. Step 1
  2. Step 2
  3. Step 3
  4. Step 4
  5. Step 5
  6. Step 6
  7. Step 7

Step 2: Am I saving enough?

Results

Will your savings grow to cover your costs?

blue square Total Cost     orange square Your Savings Goal     green square Your Savings

Graph showing Total Accumulation vs Years Saved

See analysis and advice

Total cost: $0
Your savings goal (0%): $0
Your projected savings: $0

Your Projected Costs

If college costs rise at 0.0% a year, your annual cost will be $0 (up from $0 over 0 years). The total cost for 0 year(s) will then be $0.

You said you'd cover 0% of college costs from savings, so you'll need to save $0 for freshman year and $0 total.

Tips

  • These cost numbers can be daunting, but don't let them throw you for a loop. Relatively few students pay the full "sticker price."
  • Remember, college is a great investment. Over a lifetime, the gap in earnings potential between a h.s. diploma and a 4-year degree is more than a million dollars.
  • Learn about college cost facts and myths.

Your Projected Savings

Your savings will grow to approximately $0 over the next 0 years.

You estimated that you'll save $0 per month for the next 0 months and earn 0.0% interest. This monthly savings was added to your current savings of $0. Your savings total includes $0 in interest (compounded monthly).

Tips

  • Saving any amount can make a big difference. Plus, you may be able to save more later — for example, if your family income goes up.
  • It's become easier than ever to save for college. Your options include everything from 529 and prepaid tuition plans to tax-deferred accounts.
  • Learn about your savings options.

The Bottom Line

Congratulations, you're on the right track!

According to your reported amounts and rates, you're within $100 (plus or minus) of your savings goal.

Tips

  • Are you sure you're being realistic? You don't want any unpleasant surprises down the road.
  • If you find you need help reaching your education goal, you have options. You can tap into resources (such as loans) or even reduce your costs (such as by getting AP credit and graduating early).
  • Learn about your financial aid options.