Question 1

How fast do college costs increase?

Accepted Answer

College costs have historically increased about 5-6% per year, outpacing general inflation. The calculator factors in education inflation for accurate projections.

Question 2

How much should I save for college?

Accepted Answer

A common guideline is to save one-third of expected costs, pay one-third from income during college, and borrow one-third. Use a 529 plan for tax advantages.

College Cost Calculator — Plan for Education Costs