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Calculate Your Costs

Estimate How Much to Save With the T. Rowe Price College Savings Calculator

Many parents are overwhelmed by the cost of college. The good news? We're breaking down the costs and funding methods to simplify things. A 529 plan is a great place to start your overall savings strategy, which can also include scholarships, current income, and financial aid. As an example, you may pay for one-third of college with scholarships and/or financial aid and another third of college with your current income. A college savings plan can help you cover that last third. Use the calculator below to help understand future college expenses and to estimate how much to save in order to stay on track with your college savings goals.

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Explore Our Professionally Managed Portfolios

Estimating your future costs is key in building a smart savings plan. Selecting the right investment portfolio(s) for your needs can help put your goals within reach. 

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Frequently Asked Questions

Will opening a 529 plan account affect our chances for financial aid?

 

Assets in a 529 plan tend to have a low impact on financial aid. A 529 plan owned by a custodial parent or dependent...

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What if my beneficiary doesn’t go to college?

 

There are no time restrictions for using 529 college savings plan accounts, so if your beneficiary does not go to college...

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Open a 529 Account Today

In just a few minutes, you can start saving for the future, giving your child the gift of opportunity.

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Talk to a Specialist

Have questions? Our College Savings Specialists are here to help. Just give us a call at 800-369-3641.

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Find a wide variety of T. Rowe Price investment products and services that were designed to help you reach your financial goals.

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The T. Rowe Price College Savings Plan is offered by the Education Trust of Alaska. You should compare this Plan with any 529 plan offered by your home state or your beneficiary’s home state and consider, before investing, any state tax or other state benefits, such as financial aid, scholarship funds, or protection from creditors that are only available for investments in the home state’s plan. Please read and/or download the Plan Disclosure Document, which includes investment objectives, risks, fees, charges and expenses, and other information that you should read and consider carefully before investing, or call 1-866-521-1894 to request a paper copy. For other important legal information, please read the Plan's Privacy Policy. T. Rowe Price Investment Services, Inc., Distributor/Underwriter.