Savings Plan and Future Cost Estimation for Northwest Louisiana Technical College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$76,947
Monthly savings required$342

How much will it cost to send your child to Northwest Louisiana Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $153,894.13 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $341.86 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$21,996.00
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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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $341.86 $0.00 $0.00 $341.86
2 $341.86 $341.86 $0.00 $1.93 $685.65
3 $685.65 $341.86 $0.00 $3.88 $1,031.39
4 $1,031.39 $341.86 $0.00 $5.83 $1,379.08
5 $1,379.08 $341.86 $0.00 $7.80 $1,728.74
6 $1,728.74 $341.86 $0.00 $9.77 $2,080.37
7 $2,080.37 $341.86 $0.00 $11.76 $2,433.99
8 $2,433.99 $341.86 $0.00 $13.76 $2,789.61
9 $2,789.61 $341.86 $0.00 $15.77 $3,147.24
10 $3,147.24 $341.86 $0.00 $17.79 $3,506.89
11 $3,506.89 $341.86 $0.00 $19.83 $3,868.58
12 $3,868.58 $341.86 $0.00 $21.87 $4,232.31
13 $4,232.31 $341.86 $0.00 $23.93 $4,598.10
14 $4,598.10 $341.86 $0.00 $26.00 $4,965.96
15 $4,965.96 $341.86 $0.00 $28.08 $5,335.90
16 $5,335.90 $341.86 $0.00 $30.17 $5,707.93
17 $5,707.93 $341.86 $0.00 $32.27 $6,082.06
18 $6,082.06 $341.86 $0.00 $34.39 $6,458.31
19 $6,458.31 $341.86 $0.00 $36.52 $6,836.69
20 $6,836.69 $341.86 $0.00 $38.66 $7,217.21
21 $7,217.21 $341.86 $0.00 $40.81 $7,599.88
22 $7,599.88 $341.86 $0.00 $42.97 $7,984.71
23 $7,984.71 $341.86 $0.00 $45.15 $8,371.72
24 $8,371.72 $341.86 $0.00 $47.33 $8,760.91
25 $8,760.91 $341.86 $0.00 $49.54 $9,152.31
26 $9,152.31 $341.86 $0.00 $51.75 $9,545.92
27 $9,545.92 $341.86 $0.00 $53.97 $9,941.75
28 $9,941.75 $341.86 $0.00 $56.21 $10,339.82
29 $10,339.82 $341.86 $0.00 $58.46 $10,740.14
30 $10,740.14 $341.86 $0.00 $60.73 $11,142.73
31 $11,142.73 $341.86 $0.00 $63.00 $11,547.59
32 $11,547.59 $341.86 $0.00 $65.29 $11,954.74
33 $11,954.74 $341.86 $0.00 $67.59 $12,364.19
34 $12,364.19 $341.86 $0.00 $69.91 $12,775.96
35 $12,775.96 $341.86 $0.00 $72.24 $13,190.06
36 $13,190.06 $341.86 $0.00 $74.58 $13,606.50
37 $13,606.50 $341.86 $0.00 $76.93 $14,025.29
38 $14,025.29 $341.86 $0.00 $79.30 $14,446.45
39 $14,446.45 $341.86 $0.00 $81.68 $14,869.99
40 $14,869.99 $341.86 $0.00 $84.08 $15,295.93
41 $15,295.93 $341.86 $0.00 $86.49 $15,724.28
42 $15,724.28 $341.86 $0.00 $88.91 $16,155.05
43 $16,155.05 $341.86 $0.00 $91.34 $16,588.25
44 $16,588.25 $341.86 $0.00 $93.79 $17,023.90
45 $17,023.90 $341.86 $0.00 $96.26 $17,462.02
46 $17,462.02 $341.86 $0.00 $98.73 $17,902.61
47 $17,902.61 $341.86 $0.00 $101.22 $18,345.69
48 $18,345.69 $341.86 $0.00 $103.73 $18,791.28
49 $18,791.28 $341.86 $0.00 $106.25 $19,239.39
50 $19,239.39 $341.86 $0.00 $108.78 $19,690.03
51 $19,690.03 $341.86 $0.00 $111.33 $20,143.22
52 $20,143.22 $341.86 $0.00 $113.89 $20,598.97
53 $20,598.97 $341.86 $0.00 $116.47 $21,057.30
54 $21,057.30 $341.86 $0.00 $119.06 $21,518.22
55 $21,518.22 $341.86 $0.00 $121.67 $21,981.75
56 $21,981.75 $341.86 $0.00 $124.29 $22,447.90
57 $22,447.90 $341.86 $0.00 $126.92 $22,916.68
58 $22,916.68 $341.86 $0.00 $129.57 $23,388.11
59 $23,388.11 $341.86 $0.00 $132.24 $23,862.21
60 $23,862.21 $341.86 $0.00 $134.92 $24,338.99
61 $24,338.99 $341.86 $0.00 $137.62 $24,818.47
62 $24,818.47 $341.86 $0.00 $140.33 $25,300.66
63 $25,300.66 $341.86 $0.00 $143.05 $25,785.57
64 $25,785.57 $341.86 $0.00 $145.80 $26,273.23
65 $26,273.23 $341.86 $0.00 $148.55 $26,763.64
66 $26,763.64 $341.86 $0.00 $151.33 $27,256.83
67 $27,256.83 $341.86 $0.00 $154.11 $27,752.80
68 $27,752.80 $341.86 $0.00 $156.92 $28,251.58
69 $28,251.58 $341.86 $0.00 $159.74 $28,753.18
70 $28,753.18 $341.86 $0.00 $162.57 $29,257.61
71 $29,257.61 $341.86 $0.00 $165.43 $29,764.90
72 $29,764.90 $341.86 $0.00 $168.30 $30,275.06
73 $30,275.06 $341.86 $0.00 $171.18 $30,788.10
74 $30,788.10 $341.86 $0.00 $174.08 $31,304.04
75 $31,304.04 $341.86 $0.00 $177.00 $31,822.90
76 $31,822.90 $341.86 $0.00 $179.93 $32,344.69
77 $32,344.69 $341.86 $0.00 $182.88 $32,869.43
78 $32,869.43 $341.86 $0.00 $185.85 $33,397.14
79 $33,397.14 $341.86 $0.00 $188.83 $33,927.83
80 $33,927.83 $341.86 $0.00 $191.83 $34,461.52
81 $34,461.52 $341.86 $0.00 $194.85 $34,998.23
82 $34,998.23 $341.86 $0.00 $197.89 $35,537.98
83 $35,537.98 $341.86 $0.00 $200.94 $36,080.78
84 $36,080.78 $341.86 $0.00 $204.01 $36,626.65
85 $36,626.65 $341.86 $0.00 $207.09 $37,175.60
86 $37,175.60 $341.86 $0.00 $210.20 $37,727.66
87 $37,727.66 $341.86 $0.00 $213.32 $38,282.84
88 $38,282.84 $341.86 $0.00 $216.46 $38,841.16
89 $38,841.16 $341.86 $0.00 $219.61 $39,402.63
90 $39,402.63 $341.86 $0.00 $222.79 $39,967.28
91 $39,967.28 $341.86 $0.00 $225.98 $40,535.12
92 $40,535.12 $341.86 $0.00 $229.19 $41,106.17
93 $41,106.17 $341.86 $0.00 $232.42 $41,680.45
94 $41,680.45 $341.86 $0.00 $235.67 $42,257.98
95 $42,257.98 $341.86 $0.00 $238.93 $42,838.77
96 $42,838.77 $341.86 $0.00 $242.22 $43,422.85
97 $43,422.85 $341.86 $0.00 $245.52 $44,010.23
98 $44,010.23 $341.86 $0.00 $248.84 $44,600.93
99 $44,600.93 $341.86 $0.00 $252.18 $45,194.97
100 $45,194.97 $341.86 $0.00 $255.54 $45,792.37
101 $45,792.37 $341.86 $0.00 $258.92 $46,393.15
102 $46,393.15 $341.86 $0.00 $262.31 $46,997.32
103 $46,997.32 $341.86 $0.00 $265.73 $47,604.91
104 $47,604.91 $341.86 $0.00 $269.17 $48,215.94
105 $48,215.94 $341.86 $0.00 $272.62 $48,830.42
106 $48,830.42 $341.86 $0.00 $276.09 $49,448.37
107 $49,448.37 $341.86 $0.00 $279.59 $50,069.82
108 $50,069.82 $341.86 $0.00 $283.10 $50,694.78
109 $50,694.78 $341.86 $0.00 $286.64 $51,323.28
110 $51,323.28 $341.86 $0.00 $290.19 $51,955.33
111 $51,955.33 $341.86 $0.00 $293.76 $52,590.95
112 $52,590.95 $341.86 $0.00 $297.36 $53,230.17
113 $53,230.17 $341.86 $0.00 $300.97 $53,873.00
114 $53,873.00 $341.86 $0.00 $304.61 $54,519.47
115 $54,519.47 $341.86 $0.00 $308.26 $55,169.59
116 $55,169.59 $341.86 $0.00 $311.94 $55,823.39
117 $55,823.39 $341.86 $0.00 $315.63 $56,480.88
118 $56,480.88 $341.86 $0.00 $319.35 $57,142.09
119 $57,142.09 $341.86 $0.00 $323.09 $57,807.04
120 $57,807.04 $341.86 $0.00 $326.85 $58,475.75
121 $58,475.75 $341.86 $0.00 $330.63 $59,148.24
122 $59,148.24 $341.86 $0.00 $334.43 $59,824.53
123 $59,824.53 $341.86 $0.00 $338.26 $60,504.65
124 $60,504.65 $341.86 $0.00 $342.10 $61,188.61
125 $61,188.61 $341.86 $0.00 $345.97 $61,876.44
126 $61,876.44 $341.86 $0.00 $349.86 $62,568.16
127 $62,568.16 $341.86 $0.00 $353.77 $63,263.79
128 $63,263.79 $341.86 $0.00 $357.70 $63,963.35
129 $63,963.35 $341.86 $0.00 $361.66 $64,666.87
130 $64,666.87 $341.86 $0.00 $365.64 $65,374.37
131 $65,374.37 $341.86 $0.00 $369.64 $66,085.87
132 $66,085.87 $341.86 $0.00 $373.66 $66,801.39
133 $66,801.39 $341.86 $0.00 $377.70 $67,520.95
134 $67,520.95 $341.86 $0.00 $381.77 $68,244.58
135 $68,244.58 $341.86 $0.00 $385.86 $68,972.30
136 $68,972.30 $341.86 $0.00 $389.98 $69,704.14
137 $69,704.14 $341.86 $0.00 $394.12 $70,440.12
138 $70,440.12 $341.86 $0.00 $398.28 $71,180.26
139 $71,180.26 $341.86 $0.00 $402.46 $71,924.58
140 $71,924.58 $341.86 $0.00 $406.67 $72,673.11
141 $72,673.11 $341.86 $0.00 $410.90 $73,425.87
142 $73,425.87 $341.86 $0.00 $415.16 $74,182.89
143 $74,182.89 $341.86 $0.00 $419.44 $74,944.19
144 $74,944.19 $341.86 $0.00 $423.75 $75,709.80
145 $75,709.80 $341.86 $0.00 $428.07 $76,479.73
146 $76,479.73 $341.86 $0.00 $432.43 $77,254.02
147 $77,254.02 $341.86 $0.00 $436.81 $78,032.69
148 $78,032.69 $341.86 $0.00 $441.21 $78,815.76
149 $78,815.76 $341.86 $0.00 $445.64 $79,603.26
150 $79,603.26 $341.86 $0.00 $450.09 $80,395.21
151 $80,395.21 $341.86 $0.00 $454.57 $81,191.64
152 $81,191.64 $341.86 $0.00 $459.07 $81,992.57
153 $81,992.57 $341.86 $0.00 $463.60 $82,798.03
154 $82,798.03 $341.86 $0.00 $468.15 $83,608.04
155 $83,608.04 $341.86 $0.00 $472.73 $84,422.63
156 $84,422.63 $341.86 $0.00 $477.34 $85,241.83
157 $85,241.83 $341.86 $0.00 $481.97 $86,065.66
158 $86,065.66 $341.86 $0.00 $486.63 $86,894.15
159 $86,894.15 $341.86 $0.00 $491.31 $87,727.32
160 $87,727.32 $341.86 $0.00 $496.02 $88,565.20
161 $88,565.20 $341.86 $0.00 $500.76 $89,407.82
162 $89,407.82 $341.86 $0.00 $505.52 $90,255.20
163 $90,255.20 $341.86 $0.00 $510.32 $91,107.38
164 $91,107.38 $341.86 $0.00 $515.13 $91,964.37
165 $91,964.37 $341.86 $0.00 $519.98 $92,826.21
166 $92,826.21 $341.86 $0.00 $524.85 $93,692.92
167 $93,692.92 $341.86 $0.00 $529.75 $94,564.53
168 $94,564.53 $341.86 $0.00 $534.68 $95,441.07
169 $95,441.07 $341.86 $0.00 $539.64 $96,322.57
170 $96,322.57 $341.86 $0.00 $544.62 $97,209.05
171 $97,209.05 $341.86 $0.00 $549.63 $98,100.54
172 $98,100.54 $341.86 $0.00 $554.67 $98,997.07
173 $98,997.07 $341.86 $0.00 $559.74 $99,898.67
174 $99,898.67 $341.86 $0.00 $564.84 $100,805.37
175 $100,805.37 $341.86 $0.00 $569.97 $101,717.20
176 $101,717.20 $341.86 $0.00 $575.12 $102,634.18
177 $102,634.18 $341.86 $0.00 $580.31 $103,556.35
178 $103,556.35 $341.86 $0.00 $585.52 $104,483.73
179 $104,483.73 $341.86 $0.00 $590.77 $105,416.36
180 $105,416.36 $341.86 $0.00 $596.04 $106,354.26
181 $106,354.26 $341.86 $0.00 $601.34 $107,297.46
182 $107,297.46 $341.86 $0.00 $606.68 $108,246.00
183 $108,246.00 $341.86 $0.00 $612.04 $109,199.90
184 $109,199.90 $341.86 $0.00 $617.43 $110,159.19
185 $110,159.19 $341.86 $0.00 $622.86 $111,123.91
186 $111,123.91 $341.86 $0.00 $628.31 $112,094.08
187 $112,094.08 $341.86 $0.00 $633.80 $113,069.74
188 $113,069.74 $341.86 $0.00 $639.31 $114,050.91
189 $114,050.91 $341.86 $0.00 $644.86 $115,037.63
190 $115,037.63 $341.86 $0.00 $650.44 $116,029.93
191 $116,029.93 $341.86 $0.00 $656.05 $117,027.84
192 $117,027.84 $341.86 $0.00 $661.69 $118,031.39
193 $118,031.39 $341.86 $0.00 $667.37 $119,040.62
194 $119,040.62 $341.86 $0.00 $673.07 $120,055.55
195 $120,055.55 $341.86 $0.00 $678.81 $121,076.22
196 $121,076.22 $341.86 $0.00 $684.58 $122,102.66
197 $122,102.66 $341.86 $0.00 $690.39 $123,134.91
198 $123,134.91 $341.86 $0.00 $696.22 $124,172.99
199 $124,172.99 $341.86 $0.00 $702.09 $125,216.94
200 $125,216.94 $341.86 $0.00 $707.99 $126,266.79
201 $126,266.79 $341.86 $0.00 $713.93 $127,322.58
202 $127,322.58 $341.86 $0.00 $719.90 $128,384.34
203 $128,384.34 $341.86 $0.00 $725.90 $129,452.10
204 $129,452.10 $341.86 $0.00 $731.94 $130,525.90
205 $130,525.90 $341.86 $0.00 $738.01 $131,605.77
206 $131,605.77 $341.86 $0.00 $744.12 $132,691.75
207 $132,691.75 $341.86 $0.00 $750.26 $133,783.87
208 $133,783.87 $341.86 $0.00 $756.43 $134,882.16
209 $134,882.16 $341.86 $0.00 $762.64 $135,986.66
210 $135,986.66 $341.86 $0.00 $768.89 $137,097.41
211 $137,097.41 $341.86 $0.00 $775.17 $138,214.44
212 $138,214.44 $341.86 $0.00 $781.48 $139,337.78
213 $139,337.78 $341.86 $0.00 $787.84 $140,467.48
214 $140,467.48 $341.86 $0.00 $794.22 $141,603.56
215 $141,603.56 $341.86 $0.00 $800.65 $142,746.07
216 $142,746.07 $341.86 $0.00 $807.11 $143,895.04
217 $143,895.04 $341.86 $74,344.99 $813.60 $70,705.51
218 $70,705.51 $341.86 $0.00 $399.78 $71,447.15
219 $71,447.15 $341.86 $0.00 $403.97 $72,192.98
220 $72,192.98 $341.86 $0.00 $408.19 $72,943.03
221 $72,943.03 $341.86 $0.00 $412.43 $73,697.32
222 $73,697.32 $341.86 $0.00 $416.70 $74,455.88
223 $74,455.88 $341.86 $0.00 $420.98 $75,218.72
224 $75,218.72 $341.86 $0.00 $425.30 $75,985.88
225 $75,985.88 $341.86 $0.00 $429.64 $76,757.38
226 $76,757.38 $341.86 $0.00 $434.00 $77,533.24
227 $77,533.24 $341.86 $0.00 $438.38 $78,313.48
228 $78,313.48 $341.86 $0.00 $442.80 $79,098.14
229 $79,098.14 $0.00 $79,549.14 $447.23 -$3.77