The following assumptions are made in the above calculations:
The following college data has been collected from the Integrated Postsecondary Education Data System (IPEDS):
When selecting a college type (public or private National Average option), the average figure presented is for all of the educational institutions of that type that report their data to IPEDS. For example, National Private Nonprofit Four-Year is the average of all private, nonprofit, four-year schools provided by IPEDS. By default, the cost of attendance of all colleges (specific colleges and national average options), includes the sum of the tuition and fees, expenses, room and board, and books and supplies.
Definitions of terms used in cash flow graphs:
The College Savings Estimator is intended to provide an estimate of projected costs and amounts needed to be saved for college based on (a) information provided by colleges and universities to the IPEDS database, (b) assumptions, some of which may be provided by the user, with regard to the college inflation rate and the rate of return on savings, and (c) information provided by the user. The College Savings Estimator does not reflect management, administrative, and other fees associated with 529 plans. If these fees had been reflected, any growth of the account value during the same investment period would have been lower. Investments in a 529 Plan are neither insured nor guaranteed. These hypothetical scenarios are intended to be an illustration of potential outcomes and are not to be considered advice or recommendations and are not guarantees of future results.
The College Savings Estimator is supplied, maintained, and powered by Invite Education, LLC and Invite Education, LLC does not guarantee the accuracy, suitability or usefulness of these results, and shall not be responsible for any investment or trading decisions, gains or losses, or advice resulting from this analysis.
Please consult investment, tax or legal advisors for qualified professional advice in these areas.
All investing is subject to risk, including the possible loss of the money invested.
Before you invest, consider whether your or your Beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state's qualified tuition program.
The Comptroller of the State of New York and the New York State Higher Education Services Corporation are the Program Administrators and are responsible for implementing and administering New York's 529 Advisor-Guided College Savings Program (the 'Advisor-Guided Plan'). Ascensus Broker Dealer Services, LLC ('ABD') serves as Program Manager for the Advisor-Guided Plan. ABD and its affiliates have overall responsibility for the day-to-day operations of the Advisor-Guided Plan, including recordkeeping and administrative services. J.P. Morgan Investment Management Inc. serves as the Investment Manager. JPMorgan Distribution Services, Inc. markets and distributes the Advisor-Guided Plan. JPMorgan Distribution Services, Inc. is a member of FINRA/SIPC.
No guarantee: None of the State of New York, its agencies, the Federal Deposit Insurance Corporation, J.P. Morgan Investment Management Inc., Ascensus Broker Dealer Services, LLC JPMorgan Distribution Services, Inc., nor any of their applicable affiliates insures accounts or guarantees the principal deposited therein or any investment returns on any account or investment portfolio.
New York's 529 College Savings Program currently includes two separate 529 plans. The Advisor-Guided Plan is sold exclusively through financial advisory firms who have entered into Advisor-Guided Plan selling agreements with JPMorgan Distribution Services, Inc. You may also participate in the Direct Plan, which is sold directly by the Program and offers lower fees. However, the investment options available under the Advisor-Guided Plan are not available under the Direct Plan. The fees and expenses of the AdvisorGuided Plan include compensation to the financial advisory firm. Be sure to understand the options available before making an investment decision.
For more information about New York's 529 Advisor-Guided College Savings Program, contact your financial advisor, go to New York's 529 Advisor-Guided College Savings Program | NY529 Advisor or call 1-800-774-2108. Investments in New York's 529 Advisor-Guided College Savings Program are not FDIC insured, may lose value, and are not bank or state guaranteed.
Use this tool to determine approximately how much money you need to save to pay for college. If you are a parent or an advisor, answer the following questions about a prospective student. You can add more students later on. Let's begin.
Your state of residence is used to determine the tuition at public colleges.
This will be used to determine the future cost when the student starts college.
Your current savings plan will be used to estimate the future amounts in your college account.
Search for a specific college or select a college type (private or public).
Use the slider below to select a savings goal as a percent of the estimated future cost of college. The rest will be assumed to be funded by financial aid, student employment, current income, and/or loans.