Use the 529 Savings vs. Loans Calculator
You provide: Your child's age, expectations of their college costs, and estimated loan interest rate and duration.
You get: How much your child's total four years in college is projected to cost, and the calculator compares:
- How much you should be contributing monthly to a 529 account versus borrowing all of the money
- How much more you would have to pay in loan interest in order to pay for that same college education by borrowing instead of saving in a 529 plan