Savings Plan and Future Cost Estimation for Phillips Community College of the University of Arkansas

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$59,435
Monthly savings required$264

How much will it cost to send your child to Phillips Community College of the University of Arkansas in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $118,869.85 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $264.06 into a 529 or other college savings plan earning and after tax or tax exempt return of 7% will be necessary to achieve this balance.

Assumptions

Current Annual Cost$16,990.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Discover how much will you need to start saving now to afford Phillips Community College of the University of Arkansas in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $264.06 $0.00 $0.00 $264.06
2 $264.06 $264.06 $0.00 $1.49 $529.61
3 $529.61 $264.06 $0.00 $2.99 $796.66
4 $796.66 $264.06 $0.00 $4.50 $1,065.22
5 $1,065.22 $264.06 $0.00 $6.02 $1,335.30
6 $1,335.30 $264.06 $0.00 $7.55 $1,606.91
7 $1,606.91 $264.06 $0.00 $9.09 $1,880.06
8 $1,880.06 $264.06 $0.00 $10.63 $2,154.75
9 $2,154.75 $264.06 $0.00 $12.18 $2,430.99
10 $2,430.99 $264.06 $0.00 $13.75 $2,708.80
11 $2,708.80 $264.06 $0.00 $15.32 $2,988.18
12 $2,988.18 $264.06 $0.00 $16.90 $3,269.14
13 $3,269.14 $264.06 $0.00 $18.48 $3,551.68
14 $3,551.68 $264.06 $0.00 $20.08 $3,835.82
15 $3,835.82 $264.06 $0.00 $21.69 $4,121.57
16 $4,121.57 $264.06 $0.00 $23.30 $4,408.93
17 $4,408.93 $264.06 $0.00 $24.93 $4,697.92
18 $4,697.92 $264.06 $0.00 $26.56 $4,988.54
19 $4,988.54 $264.06 $0.00 $28.21 $5,280.81
20 $5,280.81 $264.06 $0.00 $29.86 $5,574.73
21 $5,574.73 $264.06 $0.00 $31.52 $5,870.31
22 $5,870.31 $264.06 $0.00 $33.19 $6,167.56
23 $6,167.56 $264.06 $0.00 $34.87 $6,466.49
24 $6,466.49 $264.06 $0.00 $36.56 $6,767.11
25 $6,767.11 $264.06 $0.00 $38.26 $7,069.43
26 $7,069.43 $264.06 $0.00 $39.97 $7,373.46
27 $7,373.46 $264.06 $0.00 $41.69 $7,679.21
28 $7,679.21 $264.06 $0.00 $43.42 $7,986.69
29 $7,986.69 $264.06 $0.00 $45.16 $8,295.91
30 $8,295.91 $264.06 $0.00 $46.91 $8,606.88
31 $8,606.88 $264.06 $0.00 $48.66 $8,919.60
32 $8,919.60 $264.06 $0.00 $50.43 $9,234.09
33 $9,234.09 $264.06 $0.00 $52.21 $9,550.36
34 $9,550.36 $264.06 $0.00 $54.00 $9,868.42
35 $9,868.42 $264.06 $0.00 $55.80 $10,188.28
36 $10,188.28 $264.06 $0.00 $57.61 $10,509.95
37 $10,509.95 $264.06 $0.00 $59.42 $10,833.43
38 $10,833.43 $264.06 $0.00 $61.25 $11,158.74
39 $11,158.74 $264.06 $0.00 $63.09 $11,485.89
40 $11,485.89 $264.06 $0.00 $64.94 $11,814.89
41 $11,814.89 $264.06 $0.00 $66.80 $12,145.75
42 $12,145.75 $264.06 $0.00 $68.67 $12,478.48
43 $12,478.48 $264.06 $0.00 $70.56 $12,813.10
44 $12,813.10 $264.06 $0.00 $72.45 $13,149.61
45 $13,149.61 $264.06 $0.00 $74.35 $13,488.02
46 $13,488.02 $264.06 $0.00 $76.26 $13,828.34
47 $13,828.34 $264.06 $0.00 $78.19 $14,170.59
48 $14,170.59 $264.06 $0.00 $80.12 $14,514.77
49 $14,514.77 $264.06 $0.00 $82.07 $14,860.90
50 $14,860.90 $264.06 $0.00 $84.03 $15,208.99
51 $15,208.99 $264.06 $0.00 $85.99 $15,559.04
52 $15,559.04 $264.06 $0.00 $87.97 $15,911.07
53 $15,911.07 $264.06 $0.00 $89.96 $16,265.09
54 $16,265.09 $264.06 $0.00 $91.97 $16,621.12
55 $16,621.12 $264.06 $0.00 $93.98 $16,979.16
56 $16,979.16 $264.06 $0.00 $96.00 $17,339.22
57 $17,339.22 $264.06 $0.00 $98.04 $17,701.32
58 $17,701.32 $264.06 $0.00 $100.09 $18,065.47
59 $18,065.47 $264.06 $0.00 $102.14 $18,431.67
60 $18,431.67 $264.06 $0.00 $104.22 $18,799.95
61 $18,799.95 $264.06 $0.00 $106.30 $19,170.31
62 $19,170.31 $264.06 $0.00 $108.39 $19,542.76
63 $19,542.76 $264.06 $0.00 $110.50 $19,917.32
64 $19,917.32 $264.06 $0.00 $112.62 $20,294.00
65 $20,294.00 $264.06 $0.00 $114.75 $20,672.81
66 $20,672.81 $264.06 $0.00 $116.89 $21,053.76
67 $21,053.76 $264.06 $0.00 $119.04 $21,436.86
68 $21,436.86 $264.06 $0.00 $121.21 $21,822.13
69 $21,822.13 $264.06 $0.00 $123.39 $22,209.58
70 $22,209.58 $264.06 $0.00 $125.58 $22,599.22
71 $22,599.22 $264.06 $0.00 $127.78 $22,991.06
72 $22,991.06 $264.06 $0.00 $129.99 $23,385.11
73 $23,385.11 $264.06 $0.00 $132.22 $23,781.39
74 $23,781.39 $264.06 $0.00 $134.46 $24,179.91
75 $24,179.91 $264.06 $0.00 $136.72 $24,580.69
76 $24,580.69 $264.06 $0.00 $138.98 $24,983.73
77 $24,983.73 $264.06 $0.00 $141.26 $25,389.05
78 $25,389.05 $264.06 $0.00 $143.55 $25,796.66
79 $25,796.66 $264.06 $0.00 $145.86 $26,206.58
80 $26,206.58 $264.06 $0.00 $148.18 $26,618.82
81 $26,618.82 $264.06 $0.00 $150.51 $27,033.39
82 $27,033.39 $264.06 $0.00 $152.85 $27,450.30
83 $27,450.30 $264.06 $0.00 $155.21 $27,869.57
84 $27,869.57 $264.06 $0.00 $157.58 $28,291.21
85 $28,291.21 $264.06 $0.00 $159.96 $28,715.23
86 $28,715.23 $264.06 $0.00 $162.36 $29,141.65
87 $29,141.65 $264.06 $0.00 $164.77 $29,570.48
88 $29,570.48 $264.06 $0.00 $167.20 $30,001.74
89 $30,001.74 $264.06 $0.00 $169.63 $30,435.43
90 $30,435.43 $264.06 $0.00 $172.09 $30,871.58
91 $30,871.58 $264.06 $0.00 $174.55 $31,310.19
92 $31,310.19 $264.06 $0.00 $177.03 $31,751.28
93 $31,751.28 $264.06 $0.00 $179.53 $32,194.87
94 $32,194.87 $264.06 $0.00 $182.03 $32,640.96
95 $32,640.96 $264.06 $0.00 $184.56 $33,089.58
96 $33,089.58 $264.06 $0.00 $187.09 $33,540.73
97 $33,540.73 $264.06 $0.00 $189.64 $33,994.43
98 $33,994.43 $264.06 $0.00 $192.21 $34,450.70
99 $34,450.70 $264.06 $0.00 $194.79 $34,909.55
100 $34,909.55 $264.06 $0.00 $197.38 $35,370.99
101 $35,370.99 $264.06 $0.00 $199.99 $35,835.04
102 $35,835.04 $264.06 $0.00 $202.62 $36,301.72
103 $36,301.72 $264.06 $0.00 $205.26 $36,771.04
104 $36,771.04 $264.06 $0.00 $207.91 $37,243.01
105 $37,243.01 $264.06 $0.00 $210.58 $37,717.65
106 $37,717.65 $264.06 $0.00 $213.26 $38,194.97
107 $38,194.97 $264.06 $0.00 $215.96 $38,674.99
108 $38,674.99 $264.06 $0.00 $218.67 $39,157.72
109 $39,157.72 $264.06 $0.00 $221.40 $39,643.18
110 $39,643.18 $264.06 $0.00 $224.15 $40,131.39
111 $40,131.39 $264.06 $0.00 $226.91 $40,622.36
112 $40,622.36 $264.06 $0.00 $229.68 $41,116.10
113 $41,116.10 $264.06 $0.00 $232.48 $41,612.64
114 $41,612.64 $264.06 $0.00 $235.28 $42,111.98
115 $42,111.98 $264.06 $0.00 $238.11 $42,614.15
116 $42,614.15 $264.06 $0.00 $240.95 $43,119.16
117 $43,119.16 $264.06 $0.00 $243.80 $43,627.02
118 $43,627.02 $264.06 $0.00 $246.67 $44,137.75
119 $44,137.75 $264.06 $0.00 $249.56 $44,651.37
120 $44,651.37 $264.06 $0.00 $252.47 $45,167.90
121 $45,167.90 $264.06 $0.00 $255.39 $45,687.35
122 $45,687.35 $264.06 $0.00 $258.32 $46,209.73
123 $46,209.73 $264.06 $0.00 $261.28 $46,735.07
124 $46,735.07 $264.06 $0.00 $264.25 $47,263.38
125 $47,263.38 $264.06 $0.00 $267.23 $47,794.67
126 $47,794.67 $264.06 $0.00 $270.24 $48,328.97
127 $48,328.97 $264.06 $0.00 $273.26 $48,866.29
128 $48,866.29 $264.06 $0.00 $276.30 $49,406.65
129 $49,406.65 $264.06 $0.00 $279.35 $49,950.06
130 $49,950.06 $264.06 $0.00 $282.42 $50,496.54
131 $50,496.54 $264.06 $0.00 $285.51 $51,046.11
132 $51,046.11 $264.06 $0.00 $288.62 $51,598.79
133 $51,598.79 $264.06 $0.00 $291.75 $52,154.60
134 $52,154.60 $264.06 $0.00 $294.89 $52,713.55
135 $52,713.55 $264.06 $0.00 $298.05 $53,275.66
136 $53,275.66 $264.06 $0.00 $301.23 $53,840.95
137 $53,840.95 $264.06 $0.00 $304.42 $54,409.43
138 $54,409.43 $264.06 $0.00 $307.64 $54,981.13
139 $54,981.13 $264.06 $0.00 $310.87 $55,556.06
140 $55,556.06 $264.06 $0.00 $314.12 $56,134.24
141 $56,134.24 $264.06 $0.00 $317.39 $56,715.69
142 $56,715.69 $264.06 $0.00 $320.68 $57,300.43
143 $57,300.43 $264.06 $0.00 $323.98 $57,888.47
144 $57,888.47 $264.06 $0.00 $327.31 $58,479.84
145 $58,479.84 $264.06 $0.00 $330.65 $59,074.55
146 $59,074.55 $264.06 $0.00 $334.02 $59,672.63
147 $59,672.63 $264.06 $0.00 $337.40 $60,274.09
148 $60,274.09 $264.06 $0.00 $340.80 $60,878.95
149 $60,878.95 $264.06 $0.00 $344.22 $61,487.23
150 $61,487.23 $264.06 $0.00 $347.66 $62,098.95
151 $62,098.95 $264.06 $0.00 $351.12 $62,714.13
152 $62,714.13 $264.06 $0.00 $354.59 $63,332.78
153 $63,332.78 $264.06 $0.00 $358.09 $63,954.93
154 $63,954.93 $264.06 $0.00 $361.61 $64,580.60
155 $64,580.60 $264.06 $0.00 $365.15 $65,209.81
156 $65,209.81 $264.06 $0.00 $368.71 $65,842.58
157 $65,842.58 $264.06 $0.00 $372.28 $66,478.92
158 $66,478.92 $264.06 $0.00 $375.88 $67,118.86
159 $67,118.86 $264.06 $0.00 $379.50 $67,762.42
160 $67,762.42 $264.06 $0.00 $383.14 $68,409.62
161 $68,409.62 $264.06 $0.00 $386.80 $69,060.48
162 $69,060.48 $264.06 $0.00 $390.48 $69,715.02
163 $69,715.02 $264.06 $0.00 $394.18 $70,373.26
164 $70,373.26 $264.06 $0.00 $397.90 $71,035.22
165 $71,035.22 $264.06 $0.00 $401.64 $71,700.92
166 $71,700.92 $264.06 $0.00 $405.41 $72,370.39
167 $72,370.39 $264.06 $0.00 $409.19 $73,043.64
168 $73,043.64 $264.06 $0.00 $413.00 $73,720.70
169 $73,720.70 $264.06 $0.00 $416.83 $74,401.59
170 $74,401.59 $264.06 $0.00 $420.68 $75,086.33
171 $75,086.33 $264.06 $0.00 $424.55 $75,774.94
172 $75,774.94 $264.06 $0.00 $428.44 $76,467.44
173 $76,467.44 $264.06 $0.00 $432.36 $77,163.86
174 $77,163.86 $264.06 $0.00 $436.30 $77,864.22
175 $77,864.22 $264.06 $0.00 $440.26 $78,568.54
176 $78,568.54 $264.06 $0.00 $444.24 $79,276.84
177 $79,276.84 $264.06 $0.00 $448.24 $79,989.14
178 $79,989.14 $264.06 $0.00 $452.27 $80,705.47
179 $80,705.47 $264.06 $0.00 $456.32 $81,425.85
180 $81,425.85 $264.06 $0.00 $460.39 $82,150.30
181 $82,150.30 $264.06 $0.00 $464.49 $82,878.85
182 $82,878.85 $264.06 $0.00 $468.61 $83,611.52
183 $83,611.52 $264.06 $0.00 $472.75 $84,348.33
184 $84,348.33 $264.06 $0.00 $476.92 $85,089.31
185 $85,089.31 $264.06 $0.00 $481.11 $85,834.48
186 $85,834.48 $264.06 $0.00 $485.32 $86,583.86
187 $86,583.86 $264.06 $0.00 $489.56 $87,337.48
188 $87,337.48 $264.06 $0.00 $493.82 $88,095.36
189 $88,095.36 $264.06 $0.00 $498.10 $88,857.52
190 $88,857.52 $264.06 $0.00 $502.41 $89,623.99
191 $89,623.99 $264.06 $0.00 $506.75 $90,394.80
192 $90,394.80 $264.06 $0.00 $511.11 $91,169.97
193 $91,169.97 $264.06 $0.00 $515.49 $91,949.52
194 $91,949.52 $264.06 $0.00 $519.90 $92,733.48
195 $92,733.48 $264.06 $0.00 $524.33 $93,521.87
196 $93,521.87 $264.06 $0.00 $528.79 $94,314.72
197 $94,314.72 $264.06 $0.00 $533.27 $95,112.05
198 $95,112.05 $264.06 $0.00 $537.78 $95,913.89
199 $95,913.89 $264.06 $0.00 $542.31 $96,720.26
200 $96,720.26 $264.06 $0.00 $546.87 $97,531.19
201 $97,531.19 $264.06 $0.00 $551.46 $98,346.71
202 $98,346.71 $264.06 $0.00 $556.07 $99,166.84
203 $99,166.84 $264.06 $0.00 $560.70 $99,991.60
204 $99,991.60 $264.06 $0.00 $565.37 $100,821.03
205 $100,821.03 $264.06 $0.00 $570.06 $101,655.15
206 $101,655.15 $264.06 $0.00 $574.77 $102,493.98
207 $102,493.98 $264.06 $0.00 $579.52 $103,337.56
208 $103,337.56 $264.06 $0.00 $584.29 $104,185.91
209 $104,185.91 $264.06 $0.00 $589.08 $105,039.05
210 $105,039.05 $264.06 $0.00 $593.91 $105,897.02
211 $105,897.02 $264.06 $0.00 $598.76 $106,759.84
212 $106,759.84 $264.06 $0.00 $603.64 $107,627.54
213 $107,627.54 $264.06 $0.00 $608.54 $108,500.14
214 $108,500.14 $264.06 $0.00 $613.48 $109,377.68
215 $109,377.68 $264.06 $0.00 $618.44 $110,260.18
216 $110,260.18 $264.06 $0.00 $623.43 $111,147.67
217 $111,147.67 $264.06 $57,425.05 $628.45 $54,615.13
218 $54,615.13 $264.06 $0.00 $308.80 $55,187.99
219 $55,187.99 $264.06 $0.00 $312.04 $55,764.09
220 $55,764.09 $264.06 $0.00 $315.30 $56,343.45
221 $56,343.45 $264.06 $0.00 $318.57 $56,926.08
222 $56,926.08 $264.06 $0.00 $321.87 $57,512.01
223 $57,512.01 $264.06 $0.00 $325.18 $58,101.25
224 $58,101.25 $264.06 $0.00 $328.51 $58,693.82
225 $58,693.82 $264.06 $0.00 $331.86 $59,289.74
226 $59,289.74 $264.06 $0.00 $335.23 $59,889.03
227 $59,889.03 $264.06 $0.00 $338.62 $60,491.71
228 $60,491.71 $264.06 $0.00 $342.03 $61,097.80
229 $61,097.80 $0.00 $61,444.80 $345.46 -$1.54