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Home : Calculators + Tools : College Cost Estimator : Step 4

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College Cost Estimator
This is a rough estimate of the cost of college based on the information you entered, taking projected inflation into account.
Steps:     1. Student Info     2. School Costs     3. Financial Aid & Savings
4. Results   

Sally will be starting school in 2026 and will be enrolled for 4 years. In 2006 dollars, you can expect the average annual cost for college to be $101,162.14

Year Total Cost Average Savings Average Aid Projected Difference
2026 $93,883.25 $0.00 $0.00 $93,883.25
2027 $98,577.42 $0.00 $0.00 $98,577.42
2028 $103,506.29 $0.00 $0.00 $103,506.29
2029 $108,681.60 $0.00 $0.00 $108,681.60

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How will you pay the balance? MEFA offers loans, monthly pay-as-you-go plans, and savings products. 

Inflation is calculated by assuming a 5% increase in cost each year for all relevant expenses, not just tuition and fees. This is only an estimate. Actual costs and rates of inflation may vary.

      Source:
  • Regional average data: College Board "Trends in College Pricing" 2008.
  • Specific college data: Peterson's Copyright 2008, a part of Thompson Learning.