This app is different from other college savings calculators in the market today in that it calculates the college cost in today's dollars that you can afford based on your savings plan and percentage of the cost you plan to cover. Knowing the affordable college cost assists you in choosing a private or public and in-state or out-of-state college that best suits your financial circumstances. This calculator also computes the total yearly savings needed and how much shortfall or excess you have with your current savings plan, given a certain college cost inputted by you.
Additionally, this app provides you with a lump-sum contribution amount that you can make today instead of yearly savings to fund your child's college education.
This app lays out the current savings plan and a proposed plan with options to achieve the college savings goal.
You can email the savings plan in tabular or graphical views to yourself or others. The app also saves your inputs across the launches upon successful calculation of the college cost.
With Family Sharing set up, up to six family members can use this app.