College Cost Projector

Calculate the future cost of a college education in your time frame, based on the cost of one year of college today.

Years until college
Years in college
Education cost inflation rate
Current annual college cost

Information and interactive calculators are provided by Wealth Management Systems Inc. (not affiliated with Legg Mason) and are made available to you as self-help tools for your independent use. Legg Mason and its affiliates 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.

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The College Cost Projector uses the education cost inflation rate to estimate future college costs. The college cost inflation rate has tended to be higher than general inflation. On average, college costs have historically increased by between approximately 5% and 7% per year.

Here are the national average costs of one year of college in today’s dollars for several types of school. In addition to tuition and mandatory fees, all costs include room and board, and books & supplies. (For public two-year schools an estimate of off-campus living expenses is included).

Public 2-year school$14,180
Public 4-year school, in-state$23,190
Public 4-year school, out-of-state$39,570
Private 4-year school, average$51,110
National Average Cost Data: ©2020 The College Board, “Trends in College Pricing 2019"