How Much Do You Need?
Whether you're just getting started or already have a plan in place, following a few simple steps early can help you avoid sticker shock when your child heads off to college.
Take a couple of minutes to use this calculator and get an estimate of what you'll need to start saving towards.
The best time to start investing is now. Reason being: the earlier you start, the sooner the power of compounding may work for you. The chart below demonstrates the point. By investing early and often over 18 years, you could save enough to cover at least a portion of your child's future college expenses.
State Farm® offers a variety of investment options that may meet your needs. Talk through your financial goals with a registered State Farm agent to find Suitable investment account, today.
Next Step: Build a Plan
Investing involves risk, including potential for loss.
Automatic investment plans do not assure a profit or protect against loss.
Not FDIC Insured
- No Bank Guarantee
- May Lose Value