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College Cost Calculator

Use this free College Cost Calculator to estimate the future price of higher education. Simple, accurate, and easy to use for parents.

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Formula & Calculation Method

Formula Used

FV = P × (1 + r)^n + [ c × ((1 + r)^n - 1) / r ]

Variable Explanation

  • FV: Future Value
  • P: Initial Principal
  • c: Monthly Contribution
  • r: Monthly Interest Rate
  • n: Total Number of Months

Step-by-Step Calculation

  1. 1. Calculate the growth of the initial principal using compound interest.
  2. 2. Calculate the future value of the series of monthly contributions.
  3. 3. Sum both values to find the total Future Value.
  4. 4. Subtract the total principal invested to find the Total Interest Earned.

Interpretation Notes

This assumes interest is compounded monthly and contributions are made at the end of each month. Actual returns will vary with market performance.

About the College Cost Calculator

Use this free College Cost Calculator to estimate the future price of higher education. Simple, accurate, and easy to use for parents.This tool is specifically designed to assist with other planning. Whether you are evaluating a new opportunity or managing existing obligations, the College Cost Calculator provides the clarity you need.

How to Use This Tool

To utilize the College Cost Calculator, input your specific financial figures into the fields provided. The calculator will instantly process your data to generate a precise outcome relevant to your other needs.

Understanding Your Results

The output generated by the College Cost Calculator offers key insights into your financial trajectory. By analyzing these figures, you can make informed decisions about your college cost strategy and future goals.