Edit Cart Close
Your Literature Cart
  • Your cart is currently empty

529 Plan Resources

These calculators and comparison tools can help you anticipate the cost of a college education, understand how much you'll need to save, and build a plan that may help you meet your goals.

The calculators are provided by one or more third party service providers. Information provided by third parties is deemed to be reliable but may be derived using methodologies or techniques that are proprietary or specific to the third-party source.

How do student loan costs compare to 529 savings contributions?

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

How much do I need to save for a college education?

Use the College Savings Projector

You provide: A child's age, the age he or she will start college, the annual cost of college, the amount you've saved and your planned monthly savings.

You get: A comprehensive report on where you stand in relation to your college savings needs and suggestions on how to meet your goals based on the information you've provided.

What will college cost when my child's ready to go?

Use the World's Simplest College Savings Calculator

You provide: A child's age. It's as simple as that!

You get: The estimated cost of college for the time that your child will be enrolled, along with the monthly contribution needed to cover the total expenses.

What will my state tax deduction be?

Use the 529 State Tax Calculator

You provide: The amount of your contribution, your state of residence, filing status and taxable income.

You get: Your estimated state tax savings, and your net tax savings.

How costly can it be to delay saving for college?

Use the Price of Procrastination Calculator

You provide: Years until a child enrolls in college, years in college, and the cost of the college you're interested in. (You can look it up in our online tool)

You get: Two charts that illustrate the benefits of starting to save now:

  • The increase in your monthly payment each year you wait to start saving
  • The increased lump sum payment each year you wait to start saving

How much do I need to save to offset student loans?

Use the College Funding Planner

You provide: A child's age, the annual cost of college, your planned monthly savings, and the percentage of costs covered from grants or scholarships.

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 when offsetting with student loans or scholarships.
  • How much more you would have to contribute to a 529 account in order to to pay for that same college education without offsetting costs from borrowing.

How much will the family be expected to contribute before needs-based funding becomes available?

Use the Quick EFC Calculator

The Expected Family Contribution (EFC) is the amount the family is expected to contribute before needs-based funds become available.

You provide: Information about your family, the student's income and assets, and the parents' income and assets.

You get: The estimated EFC, which includes the amount the parents are expected to contribute, and the amount the student will be expected to contribute, if applicable, based on the information you provide.

The figures entered on the input page of the calculators are for hypothetical purposes only. You should enter figures that are appropriate to your individual situation. The results provided by the calculators are also intended for illustrative purposes only and accuracy is not guaranteed. Columbia Management Investment Distributors, Inc. and its affiliates are not tax or legal advisers. This calculator is not intended to offer any tax, legal, financial or investment advice and does not assure the availability of or your eligibility for any specific product offered by Columbia Management Investment Distributors, Inc., its affiliates or any other institution, nor do these calculators predict or guarantee the actual results of any investment product. The terms and conditions of products offered by institutions will differ and may affect the results of the calculators. Please consult with qualified professionals to discuss your situation. On calculators that require you to select an anticipated investment return, consideration should be given to factors affecting your potential return such as investment objectives, risk tolerance, and the time horizon for the investment. Remember, past performance is no guarantee of future results.

Questions?

Contact Us

888.244.5674

Monday - Friday

8am - 8pm (EST)

Request a speaker for your event

Learn more
Enroll Now

Start saving for a child's education.

Learn more