College Savings Calculator | American Funds

College Savings Calculator

Your inputs have been saved.

Your inputs for Johnson Family have successfully loaded.

  • The calculator updates the current annual college cost to the most recent data available, so this figure may have changed.
  • If you entered a customized dollar amount for the current annual cost, it should be reflected below.

Please review all your inputs to ensure they are up to date.

Plan for the Cost of Higher Education

You can use this College Savings Calculator to:

  • Compare the cost of different colleges or use national averages for either public or private colleges
  • Consider scenarios where a portion of college costs will be funded by other sources (e.g., grandparents, scholarships, loans)
  • Generate a personalized report that includes a summary of projected costs and savings, as well as tips and strategies for college savings

Figures shown are hypothetical and for illustrative purposes only.

Reset
Student 1
Delete

College Start Year

2036

Change start year

College Costs

2018 National Public Averages

Select a specific college

$18,208

Current annual cost

CUSTOMIZE COST
As of December 12, 2018

Enter a valid percentage.

%
Savings Plan

$

$

Frequency

$ %
starting on
ADD A STUDENT
College Costs
Totals
Projected College Costs
$227,357
Costs You Plan to Fund
$227,357 (100%)
Costs Not Funded by You
$0 (0%)
Deficit
-$227,357
Ongoing monthly contributions may need to increase to $432 to meet the goal.
ADD A STUDENT
Summary
Student
Costs You Plan to Fund
Projected Savings Deficit/Surplus
Summary

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectusesCollegeAmerica Program Description and  which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries. CollegeAmerica and ABLEAmerica are distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries.

  1. Source: Current annual college cost figures are obtained from Peterson’s. The college costs may include tuition, room and board, and books and expenses as reported by Peterson’s. Copyright © 2018 Peterson’s, a Nelnet Company, and its licensees. All rights reserved.
  2. If a college reports only one value for tuition, the calculator uses the same value for in-state and out-of-state costs. To verify in-state and out-of-state costs for a particular college, please contact the college directly.

Terms and Definitions

In-State and Out-of-State Costs: If a college reports only one value for tuition, the calculator uses the same value for in-state and out-of-state costs. To verify in-state and out-of-state costs for a particular college, please contact the college directly.

Customize Annual Cost

Enter a dollar amount to customize the current annual cost.

Delete Saved Inputs
Delete Saved Inputs

Are you sure you want to delete inputs for Client 1, Client 2, Client 3, Client 4 and Client 5?

Save Your Inputs
Inputs have already been saved using this name.
Are you sure you'd like to replace them?

Save as

  • All inputs except the current annual college cost will be saved.
  • The current annual cost will update to the latest data available when retrieved.
  • If you entered a customized annual cost, it will be saved.
You Have Too Many Saved Inputs

To save new inputs, please delete input sets you no longer need, then resave your new inputs. You can have a maximum of 50 saved input sets.

Select a Different College or Category

Search by: College Name | Location

Customize Report

Report title:

College Savings Report


Change Start Year

If desired, user can enter custom start year for college.


American Funds
College Savings Calculator | American Funds

College Savings Calculator

Your inputs have been saved.

Your inputs for Johnson Family have successfully loaded.

  • The calculator updates the current annual college cost to the most recent data available, so this figure may have changed.
  • If you entered a customized dollar amount for the current annual cost, it should be reflected below.

Please review all your inputs to ensure they are up to date.

Plan for the Cost of Higher Education

You can use this College Savings Calculator to:

  • Compare the cost of different colleges or use national averages for either public or private colleges
  • Consider scenarios where a portion of college costs will be funded by other sources (e.g., grandparents, scholarships, loans)
  • Generate a personalized report that includes a summary of projected costs and savings, as well as tips and strategies for college savings

Figures shown are hypothetical and for illustrative purposes only.

Reset
Student 1
Delete

College Start Year

2036

Change start year

College Costs

2018 National Public Averages

Select a specific college

$18,208

Current annual cost

CUSTOMIZE COST
As of December 12, 2018

Enter a valid percentage.

%
Savings Plan

$

$

Frequency

$ %
starting on
ADD A STUDENT
College Costs
Totals
Projected College Costs
$227,357
Costs You Plan to Fund
$227,357 (100%)
Costs Not Funded by You
$0 (0%)
Deficit
-$227,357
Ongoing monthly contributions may need to increase to $432 to meet the goal.
ADD A STUDENT
Summary
Student
Costs You Plan to Fund
Projected Savings Deficit/Surplus
Summary

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectusesCollegeAmerica Program Description and  which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries. CollegeAmerica and ABLEAmerica are distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries.

  1. Source: Current annual college cost figures are obtained from Peterson’s. The college costs may include tuition, room and board, and books and expenses as reported by Peterson’s. Copyright © 2018 Peterson’s, a Nelnet Company, and its licensees. All rights reserved.
  2. If a college reports only one value for tuition, the calculator uses the same value for in-state and out-of-state costs. To verify in-state and out-of-state costs for a particular college, please contact the college directly.

Terms and Definitions

In-State and Out-of-State Costs: If a college reports only one value for tuition, the calculator uses the same value for in-state and out-of-state costs. To verify in-state and out-of-state costs for a particular college, please contact the college directly.

Customize Annual Cost

Enter a dollar amount to customize the current annual cost.

Delete Saved Inputs
Delete Saved Inputs

Are you sure you want to delete inputs for Client 1, Client 2, Client 3, Client 4 and Client 5?

Save Your Inputs
Inputs have already been saved using this name.
Are you sure you'd like to replace them?

Save as

  • All inputs except the current annual college cost will be saved.
  • The current annual cost will update to the latest data available when retrieved.
  • If you entered a customized annual cost, it will be saved.
You Have Too Many Saved Inputs

To save new inputs, please delete input sets you no longer need, then resave your new inputs. You can have a maximum of 50 saved input sets.

Select a Different College or Category

Search by: College Name | Location

Customize Report

Report title:

College Savings Report


Change Start Year

If desired, user can enter custom start year for college.


College Savings Calculator | American Funds

College Savings Calculator

Your inputs have been saved.

Your inputs for Johnson Family have successfully loaded.

  • The calculator updates the current annual college cost to the most recent data available, so this figure may have changed.
  • If you entered a customized dollar amount for the current annual cost, it should be reflected below.

Please review all your inputs to ensure they are up to date.

Plan for the Cost of Higher Education

You can use this College Savings Calculator to:

  • Compare the cost of different colleges or use national averages for either public or private colleges
  • Consider scenarios where a portion of college costs will be funded by other sources (e.g., grandparents, scholarships, loans)
  • Generate a personalized report that includes a summary of projected costs and savings, as well as tips and strategies for college savings

Figures shown are hypothetical and for illustrative purposes only.

Reset
Student 1
Delete

College Start Year

2036

Change start year

College Costs

2018 National Public Averages

Select a specific college

$18,208

Current annual cost

CUSTOMIZE COST
As of December 12, 2018

Enter a valid percentage.

%
Savings Plan

$

$

Frequency

$ %
starting on
ADD A STUDENT
College Costs
Totals
Projected College Costs
$227,357
Costs You Plan to Fund
$227,357 (100%)
Costs Not Funded by You
$0 (0%)
Deficit
-$227,357
Ongoing monthly contributions may need to increase to $432 to meet the goal.
ADD A STUDENT
Summary
Student
Costs You Plan to Fund
Projected Savings Deficit/Surplus
Summary

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectusesCollegeAmerica Program Description and  which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries. CollegeAmerica and ABLEAmerica are distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries.

  1. Source: Current annual college cost figures are obtained from Peterson’s. The college costs may include tuition, room and board, and books and expenses as reported by Peterson’s. Copyright © 2018 Peterson’s, a Nelnet Company, and its licensees. All rights reserved.
  2. If a college reports only one value for tuition, the calculator uses the same value for in-state and out-of-state costs. To verify in-state and out-of-state costs for a particular college, please contact the college directly.

Terms and Definitions

In-State and Out-of-State Costs: If a college reports only one value for tuition, the calculator uses the same value for in-state and out-of-state costs. To verify in-state and out-of-state costs for a particular college, please contact the college directly.

Customize Annual Cost

Enter a dollar amount to customize the current annual cost.

Delete Saved Inputs
Delete Saved Inputs

Are you sure you want to delete inputs for Client 1, Client 2, Client 3, Client 4 and Client 5?

Save Your Inputs
Inputs have already been saved using this name.
Are you sure you'd like to replace them?

Save as

  • All inputs except the current annual college cost will be saved.
  • The current annual cost will update to the latest data available when retrieved.
  • If you entered a customized annual cost, it will be saved.
You Have Too Many Saved Inputs

To save new inputs, please delete input sets you no longer need, then resave your new inputs. You can have a maximum of 50 saved input sets.

Select a Different College or Category

Search by: College Name | Location

Customize Report

Report title:

College Savings Report


Change Start Year

If desired, user can enter custom start year for college.


College Savings Calculator | American Funds

College Savings Calculator

Your inputs have been saved.

Your inputs for Johnson Family have successfully loaded.

  • The calculator updates the current annual college cost to the most recent data available, so this figure may have changed.
  • If you entered a customized dollar amount for the current annual cost, it should be reflected below.

Please review all your inputs to ensure they are up to date.

Plan for the Cost of Higher Education

You can use this College Savings Calculator to:

  • Compare the cost of different colleges or use national averages for either public or private colleges
  • Consider scenarios where a portion of college costs will be funded by other sources (e.g., grandparents, scholarships, loans)
  • Generate a personalized report that includes a summary of projected costs and savings, as well as tips and strategies for college savings

Figures shown are hypothetical and for illustrative purposes only.

Reset
Student 1
Delete

College Start Year

2036

Change start year

College Costs

2018 National Public Averages

Select a specific college

$18,208

Current annual cost

CUSTOMIZE COST
As of December 12, 2018

Enter a valid percentage.

%
Savings Plan

$

$

Frequency

$ %
starting on
ADD A STUDENT
College Costs
Totals
Projected College Costs
$227,357
Costs You Plan to Fund
$227,357 (100%)
Costs Not Funded by You
$0 (0%)
Deficit
-$227,357
Ongoing monthly contributions may need to increase to $432 to meet the goal.
ADD A STUDENT
Summary
Student
Costs You Plan to Fund
Projected Savings Deficit/Surplus
Summary

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectusesCollegeAmerica Program Description and  which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries. CollegeAmerica and ABLEAmerica are distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries.

  1. Source: Current annual college cost figures are obtained from Peterson’s. The college costs may include tuition, room and board, and books and expenses as reported by Peterson’s. Copyright © 2018 Peterson’s, a Nelnet Company, and its licensees. All rights reserved.
  2. If a college reports only one value for tuition, the calculator uses the same value for in-state and out-of-state costs. To verify in-state and out-of-state costs for a particular college, please contact the college directly.

Terms and Definitions

In-State and Out-of-State Costs: If a college reports only one value for tuition, the calculator uses the same value for in-state and out-of-state costs. To verify in-state and out-of-state costs for a particular college, please contact the college directly.

Customize Annual Cost

Enter a dollar amount to customize the current annual cost.

Delete Saved Inputs
Delete Saved Inputs

Are you sure you want to delete inputs for Client 1, Client 2, Client 3, Client 4 and Client 5?

Save Your Inputs
Inputs have already been saved using this name.
Are you sure you'd like to replace them?

Save as

  • All inputs except the current annual college cost will be saved.
  • The current annual cost will update to the latest data available when retrieved.
  • If you entered a customized annual cost, it will be saved.
You Have Too Many Saved Inputs

To save new inputs, please delete input sets you no longer need, then resave your new inputs. You can have a maximum of 50 saved input sets.

Select a Different College or Category

Search by: College Name | Location

Customize Report

Report title:

College Savings Report


Change Start Year

If desired, user can enter custom start year for college.


Calculation Details

Contributions
Monthly contributions begin on the last day of the same month that the calculator is run and continue uninterrupted through the month before the last college payment is made. Ongoing monthly contributions are made on the last day of every month. Since the last college expense falls in July for any given year, the last monthly contribution takes place in June of the same year.

Annual contributions begin on the last day of the same year (December 31) that the calculator is run and continue uninterrupted through the year-end before the last college payment is made. Since the last college expense falls in July for any given year, the last annual contribution takes place in December of the preceding year.

Contributions are made at the end of the month or year and therefore do not factor into the investment gains for that period.

College Costs
Current annual college costs increase at the annual rate of college inflation to determine projected college costs.

College payments begin in January of the same year that the student begins college. During the college years, annual college costs are split equally between a January and July payment. Payments are deducted from the savings balance at the beginning of the month before the monthly investment growth is calculated. The calculator makes the last college payment in July before the final school year begins.

Increase to Ongoing Contributions
An increase may be made to the monthly or annual contribution at a specified time in the future. The contribution amount will increase once on the start date specified and remain at the increased amount for the remainder of the illustration.

Hypothetical Growth
Savings grow at the hypothetical annual growth rate through January 1 of the last year of college.

Savings Deficit
In a deficit situation, the calculator provides the rate of savings (monthly or annual contribution amount) that, if applied, would have led to projected savings equaling the projected college costs (or portion of costs the user plans to fund).

In a deficit situation where a one-time contribution increase has been elected, the calculator provides the increased monthly or annual contribution amount that, if applied, would have led to projected savings equaling the projected college costs (or portion of costs the user plans to fund).

College Savings Calculator | American Funds

College Savings Calculator

Your inputs have been saved.

Your inputs for Johnson Family have successfully loaded.

  • The calculator updates the current annual college cost to the most recent data available, so this figure may have changed.
  • If you entered a customized dollar amount for the current annual cost, it should be reflected below.

Please review all your inputs to ensure they are up to date.

Plan for the Cost of Higher Education

You can use this College Savings Calculator to:

  • Compare the cost of different colleges or use national averages for either public or private colleges
  • Consider scenarios where a portion of college costs will be funded by other sources (e.g., grandparents, scholarships, loans)
  • Generate a personalized report that includes a summary of projected costs and savings, as well as tips and strategies for college savings

Figures shown are hypothetical and for illustrative purposes only.

Reset
Student 1
Delete

College Start Year

2036

Change start year

College Costs

2018 National Public Averages

Select a specific college

$18,208

Current annual cost

CUSTOMIZE COST
As of December 12, 2018

Enter a valid percentage.

%
Savings Plan

$

$

Frequency

$ %
starting on
ADD A STUDENT
College Costs
Totals
Projected College Costs
$227,357
Costs You Plan to Fund
$227,357 (100%)
Costs Not Funded by You
$0 (0%)
Deficit
-$227,357
Ongoing monthly contributions may need to increase to $432 to meet the goal.
ADD A STUDENT
Summary
Student
Costs You Plan to Fund
Projected Savings Deficit/Surplus
Summary

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectusesCollegeAmerica Program Description and  which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries. CollegeAmerica and ABLEAmerica are distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries.

  1. Source: Current annual college cost figures are obtained from Peterson’s. The college costs may include tuition, room and board, and books and expenses as reported by Peterson’s. Copyright © 2018 Peterson’s, a Nelnet Company, and its licensees. All rights reserved.
  2. If a college reports only one value for tuition, the calculator uses the same value for in-state and out-of-state costs. To verify in-state and out-of-state costs for a particular college, please contact the college directly.

Terms and Definitions

In-State and Out-of-State Costs: If a college reports only one value for tuition, the calculator uses the same value for in-state and out-of-state costs. To verify in-state and out-of-state costs for a particular college, please contact the college directly.

Customize Annual Cost

Enter a dollar amount to customize the current annual cost.

Delete Saved Inputs
Delete Saved Inputs

Are you sure you want to delete inputs for Client 1, Client 2, Client 3, Client 4 and Client 5?

Save Your Inputs
Inputs have already been saved using this name.
Are you sure you'd like to replace them?

Save as

  • All inputs except the current annual college cost will be saved.
  • The current annual cost will update to the latest data available when retrieved.
  • If you entered a customized annual cost, it will be saved.
You Have Too Many Saved Inputs

To save new inputs, please delete input sets you no longer need, then resave your new inputs. You can have a maximum of 50 saved input sets.

Select a Different College or Category

Search by: College Name | Location

Customize Report

Report title:

College Savings Report


Change Start Year

If desired, user can enter custom start year for college.


College Savings Calculator | American Funds

College Savings Calculator

Your inputs have been saved.

Your inputs for Johnson Family have successfully loaded.

  • The calculator updates the current annual college cost to the most recent data available, so this figure may have changed.
  • If you entered a customized dollar amount for the current annual cost, it should be reflected below.

Please review