What will it take to save for a college education?
An invaluable calculator to help determine savings goals for your student.
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This tool calculates different combinations to save a lump sum amount to pay college expenses for a child or someone else. The calculator calculates the future cost of tuition based on the college cost inflation rate that you designate.
The calculator assumes you save with a taxable account. If you want to simulate saving with a tax-advantaged account, enter a zero in the fields for federal and state income tax rates.*
Tax-advantaged accounts to save for college tuition and other expenses include Section 529 plans and Coverdell education savings accounts (formerly called education IRAs).
*Tax-advantaged accounts may have restrictions on taking early penalty-free distributions. You may wish to consult a financial professional.
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If you click “Continue” an external website that is owned and operated by a third-party will be opened in a new browser window. North American Savings Bank provides links to external web sites for the convenience of its members. These external web sites may not be affiliated with or endorsed by the bank. Use of these sites are used at the user’s risk. These sites are not under the control of North American Savings Bank and North American Savings Bank makes no representation or warranty, express or implied, to the user concerning:
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