Janney College Savings Planner
 

Get personalized insight into how a tax-favored savings option, such as a 529 College Savings Plan, can help you save for college. Input your college funding goals, examine your total projected costs and estimate the monthly amount you need to save to meet your objective.


 
 
 

This hypothetical example is for illustrative purposes only
Estimated total education cost*
Amount to be funded
Based on current savings,
amount you'll cover
You'll need to save

This information may help you estimate how much to save for college. It is based on information and assumptions provided by you. No tax, investment, financial or legal advice is offered or given by this tool. In addition, information provided by this tool is intended to be an aid in determining how much to save for college and should not be relied upon as the only source of information for you to consider. The information and calculations are intended to be illustrative and are supplied from sources we believe to be reliable, but we cannot guarantee their accuracy. Because your circumstances are unique, you need to assess your own situation and you may want to consult your tax or financial advisor for guidance. DST Systems, Inc., and Janney and their subsidiaries and affiliates are not responsible for any errors for omissions or for the results obtained from the use of this calculation tool.

The concepts illustrated here have legal, accounting and tax implications. Neither Janney Montgomery Scott LLC nor its Financial Advisors give tax, legal, or accounting advice. Please consult with the appropriate professional for advice concerning your particular circumstances.

Annual College Cost
X
The College Planning Tool uses an estimate of the cost of one year of college in today’s dollars along with the Education Cost Inflation input to estimate future college costs. A national average cost or the cost for a specific school (comprehensive costs with tuition & mandatory fees plus room & board or tuition and mandatory fees only) can be selected from the select “College Search” function, or a customized college cost amount can be entered.
Annual rate of return
X
The College Planning Tool uses the specified hypothetical fixed average annual rate of return to estimate hypothetical earnings on education savings.
% of cost funded by you
X
The College Planning Tool takes into account a designated percentage of college cost to be funded by savings. Most families do not save the entire amount, but use student employment, education loans and financial aid to meet a portion of college costs.
Education cost inflation rate
X
The College Planning Tool uses the education cost inflation rate to estimate future college costs. The college cost inflation rate has tended to be higher than general inflation. On average, college costs have historically increased by between approximately 5% and 7% per year.