This graph illustrates the yearly cost of attendance for community college, public universities, and private universities for 2024-2025, as well as the forecasted cost in 10 years and 18 years.
• For community college, the yearly cost comes to $4,000 for 2024-2025, $6,000 in 10 years, and $8,000 in 18 years.
• For a public university, the yearly cost comes to $25,000 for 2024-2025, $37,000 in 10 years, and $50,500 in 18 years.
• For a private university, the yearly cost comes to $58,500 for 2024-2025, $86,500 in 10 years, and $118,500 in 18 years.
This graph illustrates the yearly cost of attendance for community college, public universities, and private universities for 2024-2025, as well as the forecasted cost in 10 years and 18 years.
• For community college, the yearly cost comes to $4,000 for 2024-2025, $6,000 in 10 years, and $8,000 in 18 years.
• For a public university, the yearly cost comes to $25,000 for 2024-2025, $37,000 in 10 years, and $50,500 in 18 years.
• For a private university, the yearly cost comes to $58,500 for 2024-2025, $86,500 in 10 years, and $118,500 in 18 years.
This graph shows how both the amount you save and when you start saving make a real difference.
• The first line shows you’ll accumulate $108,000 if you put aside $100 per month starting at your child’s birth through age 4, then save an additional $350 from childcare savings (for $450 total per month) from age 5 until 18.
• The second line shows you’ll accumulate nearly $74,000 if you put aside a portion of previous childcare costs and save $350 per month starting at age 5 until age 18.
• The third line shows you’ll accumulate $57,000 if you put aside $700 per month for a child from age 12 to age 18.
This graph shows how both the amount you save and when you start saving make a real difference.
• The first line shows you’ll accumulate $108,000 if you put aside $100 per month starting at your child’s birth through age 4, then save an additional $350 from childcare savings (for $450 total per month) from age 5 until 18.
• The second line shows you’ll accumulate nearly $74,000 if you put aside a portion of previous childcare costs and save $350 per month starting at age 5 until age 18.
• The third line shows you’ll accumulate $57,000 if you put aside $700 per month for a child from age 12 to age 18.
Important information:
1 Hanson, Melanie. “How Do People Pay for College?” EducationData.org, April 23, 2022
2 Sallie Mae How America Pays for College 2024
3 College Board, "Trends in College Pricing and Student Aid 2024
Content is provided for educational purposes only and should not be interpreted as specific advice. Investors should make financial decisions based on their unique financial situation. Investing involves risk and investors can lose some of all of their principal.