College Planning Calculator
The College Planning Calculator helps you take a closer look at the cost of college and how much you may need to invest each month to pay for college. A personalized report takes your college funding goals into account, summarizing the total projected education costs in your timeframe and estimating the monthly investments needed to help pursue your goals.

Important Legal Information

Information and interactive calculators are made available to you as self-help tools for your independent use. This calculator is for hypothetical use only and depends on the information you provide. The calculations rely on a number of simplifying assumptions, and the results may vary from your actual situation. This calculator is meant to give you a general idea about where you stand financially, based on the amounts provided. These estimates are not set in stone or intended as investment advice. College cost projections are made with the assumption that the cost of college will increase at the rate of inflation indicated in the "education cost inflation" input field. An estimate of the cost of one year of college in today's dollars is used to produce results, using either a national average cost, the cost for a specific selected school from the tool's college-cost database, or a custom amount entered by the user. All figures presented are estimates. The tool does not project or predict the future value of actual college costs. The estimated college cost projection is intended only to be one source of information that may help users assess their college savings goals. It does not reflect an actual investment, nor does it account for the effects of taxes, any investment expenses or withdrawals. Returns are not guaranteed and results will vary. Investment returns cannot be predicted and will fluctuate. Investor results may be more or less. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Neither Merrill nor its Financial Advisors provide tax, accounting or legal advice. You should review any planned financial transactions or arrangements that may have tax, accounting or legal implications with your personal professional advisors.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of BofA Corp.

Investment products:

Are Not FDIC Insured
Are Not Bank Guaranteed
May Lose Value

The calculator is provided by SS&C, which is not affiliated with BofA Corp.