College Savings Planner

Your personalized NEST Direct College Savings Planning Calculator report helps you take a closer look at how to pay for college using a tax-advantaged savings option, such as a 529 plan. This report takes your college savings goals into account, summarizing the total projected education costs in your time frame and estimating the monthly savings needed to meet your goals.


This hypothetical example is for illustrative purposes only
Estimated total
education cost
Amount to be funded
Based on current savings,
amount you'll cover
You'll need to save

IMPORTANT: The projections or other information generated by this calculator regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. These calculations assume a hypothetical fixed average rate of return that is for illustrative purposes and is not intended to depict or predict the performance of any specific investment for any period of time. The calculation does not account for changes in capital value or potential tax obligations. These calculations are not recommendations, for which an investment professional should be consulted. Results may vary with each use and over time.

Estimated total education cost
The College Planning Tool calculates the future total cost of college using either the current annual cost entered by the user, the national average cost of one year of college or the current annual cost for a specific school, inflated annually through the last year of college using the ‘Education cost inflation rate’.
Annual College Cost
The College Planning Tool uses an estimate of the cost of one year of college in today’s dollars along with the Education Cost Inflation input to estimate future college costs. A national average cost or the cost for a specific school (comprehensive costs with tuition & mandatory fees plus room & board or tuition and mandatory fees only) can be selected from the select “College Search” function, or a customized college cost amount can be entered.
Annual rate of return
The College Planning Tool uses the specified hypothetical fixed average annual rate of return to estimate hypothetical earnings on education savings.
% of cost funded by you
The College Planning Tool takes into account a designated percentage of college cost to be funded by savings. Most families do not save the entire amount, but use student employment, education loans and financial aid to meet a portion of college costs.
Education cost inflation rate
The College Planning Tool uses the education cost inflation rate to estimate future college costs. The college cost inflation rate has tended to be higher than general inflation. On average, college costs have historically increased by between approximately 5% and 7% per year.