Use our College Savings Estimator to prepare your clients for higher education expenses

It would be nice to predict the future for your clients. While we can’t offer you that, we can give you a tool to approximate how their my529 funds can help them meet their family’s educational goals. It’s not a crystal ball, but the free College Savings Estimator can help reduce the guesswork as they plan for what’s ahead.

Planning to pay for college comes with a lot of questions for your clients — and not all of them have obvious answers:

  • What’s the difference in cost between a university in a large city and going to college in a small town?
  • What if the student chooses not to attend a traditional college program?
  • And what happens if the student earns a scholarship?

All of these can have decades of impact on future economic prospects, social connections, health outcomes and career path opportunities.

my529’s College Savings Estimator is here to help! This tool will help your client:

  • Evaluate different scenarios to project their higher education costs.
  • Offer a visual demonstration of how their contributions might grow over time in a 529 account.

Regardless of the student’s age or grade, the estimator allows the user to enter a variety of possibilities to help decide how much to set aside to meet their savings goal for future expenses.

The estimator is simple to use. Watch this short video to get started comparing costs among factors like:

  • Public or private.
  • In-state or out-of-state.
  • Two-year college versus university options.
  • Details of specific schools.

Customize predictions by changing the variables, such as:

  • Rate of inflation.
  • Rate of return or monthly contributions.
  • Or include only tuition (or comprehensively include books, room, and board — and even projected personal expenses).

The estimator visually depicts how savings could stretch over the course of the student’s studies. It can illustrate costs that may be paid by financial aid, scholarships, loans or student employment. What’s left over is the anticipated shortfall. You may consider adjusting your client’s savings strategy to make up for the difference.

The estimator allows you to save each scenario you customize to compare different possibilities. You can also set each student up with their own tab to accommodate multiple future graduates within one family’s personalized report.

As your clients determine what various scenarios could mean for their budget, it might feel like there are additional questions to consider. This is where you, as their trusted advisor, can offer expertise and guidance.

The College Savings Estimator is provided by a third party, Invite Education, which is not related to my529. my529 does not transmit or share information with Invite Education. my529 is not responsible for and has no control over the content of the third-party website.

From the FAN — Summer 2025

Summer 2025 FAN

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Use our College Savings Estimator to prepare
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