Savings Plan and Future Cost Estimation for South Central Louisiana Technical College Young Memorial Campus

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$47,226
Monthly savings required$210

How much will it cost to send your child to South Central Louisiana Technical College Young Memorial Campus in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $94,452.21 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $209.82 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$13,500.00
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 $209.82 $0.00 $0.00 $209.82
2 $209.82 $209.82 $0.00 $1.19 $420.83
3 $420.83 $209.82 $0.00 $2.38 $633.03
4 $633.03 $209.82 $0.00 $3.58 $846.43
5 $846.43 $209.82 $0.00 $4.79 $1,061.04
6 $1,061.04 $209.82 $0.00 $6.00 $1,276.86
7 $1,276.86 $209.82 $0.00 $7.22 $1,493.90
8 $1,493.90 $209.82 $0.00 $8.45 $1,712.17
9 $1,712.17 $209.82 $0.00 $9.68 $1,931.67
10 $1,931.67 $209.82 $0.00 $10.92 $2,152.41
11 $2,152.41 $209.82 $0.00 $12.17 $2,374.40
12 $2,374.40 $209.82 $0.00 $13.43 $2,597.65
13 $2,597.65 $209.82 $0.00 $14.69 $2,822.16
14 $2,822.16 $209.82 $0.00 $15.96 $3,047.94
15 $3,047.94 $209.82 $0.00 $17.23 $3,274.99
16 $3,274.99 $209.82 $0.00 $18.52 $3,503.33
17 $3,503.33 $209.82 $0.00 $19.81 $3,732.96
18 $3,732.96 $209.82 $0.00 $21.11 $3,963.89
19 $3,963.89 $209.82 $0.00 $22.41 $4,196.12
20 $4,196.12 $209.82 $0.00 $23.73 $4,429.67
21 $4,429.67 $209.82 $0.00 $25.05 $4,664.54
22 $4,664.54 $209.82 $0.00 $26.37 $4,900.73
23 $4,900.73 $209.82 $0.00 $27.71 $5,138.26
24 $5,138.26 $209.82 $0.00 $29.05 $5,377.13
25 $5,377.13 $209.82 $0.00 $30.40 $5,617.35
26 $5,617.35 $209.82 $0.00 $31.76 $5,858.93
27 $5,858.93 $209.82 $0.00 $33.13 $6,101.88
28 $6,101.88 $209.82 $0.00 $34.50 $6,346.20
29 $6,346.20 $209.82 $0.00 $35.88 $6,591.90
30 $6,591.90 $209.82 $0.00 $37.27 $6,838.99
31 $6,838.99 $209.82 $0.00 $38.67 $7,087.48
32 $7,087.48 $209.82 $0.00 $40.07 $7,337.37
33 $7,337.37 $209.82 $0.00 $41.49 $7,588.68
34 $7,588.68 $209.82 $0.00 $42.91 $7,841.41
35 $7,841.41 $209.82 $0.00 $44.34 $8,095.57
36 $8,095.57 $209.82 $0.00 $45.77 $8,351.16
37 $8,351.16 $209.82 $0.00 $47.22 $8,608.20
38 $8,608.20 $209.82 $0.00 $48.67 $8,866.69
39 $8,866.69 $209.82 $0.00 $50.13 $9,126.64
40 $9,126.64 $209.82 $0.00 $51.60 $9,388.06
41 $9,388.06 $209.82 $0.00 $53.08 $9,650.96
42 $9,650.96 $209.82 $0.00 $54.57 $9,915.35
43 $9,915.35 $209.82 $0.00 $56.06 $10,181.23
44 $10,181.23 $209.82 $0.00 $57.57 $10,448.62
45 $10,448.62 $209.82 $0.00 $59.08 $10,717.52
46 $10,717.52 $209.82 $0.00 $60.60 $10,987.94
47 $10,987.94 $209.82 $0.00 $62.13 $11,259.89
48 $11,259.89 $209.82 $0.00 $63.67 $11,533.38
49 $11,533.38 $209.82 $0.00 $65.21 $11,808.41
50 $11,808.41 $209.82 $0.00 $66.77 $12,085.00
51 $12,085.00 $209.82 $0.00 $68.33 $12,363.15
52 $12,363.15 $209.82 $0.00 $69.90 $12,642.87
53 $12,642.87 $209.82 $0.00 $71.48 $12,924.17
54 $12,924.17 $209.82 $0.00 $73.08 $13,207.07
55 $13,207.07 $209.82 $0.00 $74.67 $13,491.56
56 $13,491.56 $209.82 $0.00 $76.28 $13,777.66
57 $13,777.66 $209.82 $0.00 $77.90 $14,065.38
58 $14,065.38 $209.82 $0.00 $79.53 $14,354.73
59 $14,354.73 $209.82 $0.00 $81.16 $14,645.71
60 $14,645.71 $209.82 $0.00 $82.81 $14,938.34
61 $14,938.34 $209.82 $0.00 $84.46 $15,232.62
62 $15,232.62 $209.82 $0.00 $86.13 $15,528.57
63 $15,528.57 $209.82 $0.00 $87.80 $15,826.19
64 $15,826.19 $209.82 $0.00 $89.48 $16,125.49
65 $16,125.49 $209.82 $0.00 $91.18 $16,426.49
66 $16,426.49 $209.82 $0.00 $92.88 $16,729.19
67 $16,729.19 $209.82 $0.00 $94.59 $17,033.60
68 $17,033.60 $209.82 $0.00 $96.31 $17,339.73
69 $17,339.73 $209.82 $0.00 $98.04 $17,647.59
70 $17,647.59 $209.82 $0.00 $99.78 $17,957.19
71 $17,957.19 $209.82 $0.00 $101.53 $18,268.54
72 $18,268.54 $209.82 $0.00 $103.29 $18,581.65
73 $18,581.65 $209.82 $0.00 $105.06 $18,896.53
74 $18,896.53 $209.82 $0.00 $106.84 $19,213.19
75 $19,213.19 $209.82 $0.00 $108.63 $19,531.64
76 $19,531.64 $209.82 $0.00 $110.43 $19,851.89
77 $19,851.89 $209.82 $0.00 $112.25 $20,173.96
78 $20,173.96 $209.82 $0.00 $114.07 $20,497.85
79 $20,497.85 $209.82 $0.00 $115.90 $20,823.57
80 $20,823.57 $209.82 $0.00 $117.74 $21,151.13
81 $21,151.13 $209.82 $0.00 $119.59 $21,480.54
82 $21,480.54 $209.82 $0.00 $121.45 $21,811.81
83 $21,811.81 $209.82 $0.00 $123.33 $22,144.96
84 $22,144.96 $209.82 $0.00 $125.21 $22,479.99
85 $22,479.99 $209.82 $0.00 $127.11 $22,816.92
86 $22,816.92 $209.82 $0.00 $129.01 $23,155.75
87 $23,155.75 $209.82 $0.00 $130.93 $23,496.50
88 $23,496.50 $209.82 $0.00 $132.85 $23,839.17
89 $23,839.17 $209.82 $0.00 $134.79 $24,183.78
90 $24,183.78 $209.82 $0.00 $136.74 $24,530.34
91 $24,530.34 $209.82 $0.00 $138.70 $24,878.86
92 $24,878.86 $209.82 $0.00 $140.67 $25,229.35
93 $25,229.35 $209.82 $0.00 $142.65 $25,581.82
94 $25,581.82 $209.82 $0.00 $144.64 $25,936.28
95 $25,936.28 $209.82 $0.00 $146.65 $26,292.75
96 $26,292.75 $209.82 $0.00 $148.66 $26,651.23
97 $26,651.23 $209.82 $0.00 $150.69 $27,011.74
98 $27,011.74 $209.82 $0.00 $152.73 $27,374.29
99 $27,374.29 $209.82 $0.00 $154.78 $27,738.89
100 $27,738.89 $209.82 $0.00 $156.84 $28,105.55
101 $28,105.55 $209.82 $0.00 $158.91 $28,474.28
102 $28,474.28 $209.82 $0.00 $161.00 $28,845.10
103 $28,845.10 $209.82 $0.00 $163.09 $29,218.01
104 $29,218.01 $209.82 $0.00 $165.20 $29,593.03
105 $29,593.03 $209.82 $0.00 $167.32 $29,970.17
106 $29,970.17 $209.82 $0.00 $169.46 $30,349.45
107 $30,349.45 $209.82 $0.00 $171.60 $30,730.87
108 $30,730.87 $209.82 $0.00 $173.76 $31,114.45
109 $31,114.45 $209.82 $0.00 $175.93 $31,500.20
110 $31,500.20 $209.82 $0.00 $178.11 $31,888.13
111 $31,888.13 $209.82 $0.00 $180.30 $32,278.25
112 $32,278.25 $209.82 $0.00 $182.51 $32,670.58
113 $32,670.58 $209.82 $0.00 $184.72 $33,065.12
114 $33,065.12 $209.82 $0.00 $186.95 $33,461.89
115 $33,461.89 $209.82 $0.00 $189.20 $33,860.91
116 $33,860.91 $209.82 $0.00 $191.45 $34,262.18
117 $34,262.18 $209.82 $0.00 $193.72 $34,665.72
118 $34,665.72 $209.82 $0.00 $196.01 $35,071.55
119 $35,071.55 $209.82 $0.00 $198.30 $35,479.67
120 $35,479.67 $209.82 $0.00 $200.61 $35,890.10
121 $35,890.10 $209.82 $0.00 $202.93 $36,302.85
122 $36,302.85 $209.82 $0.00 $205.26 $36,717.93
123 $36,717.93 $209.82 $0.00 $207.61 $37,135.36
124 $37,135.36 $209.82 $0.00 $209.97 $37,555.15
125 $37,555.15 $209.82 $0.00 $212.34 $37,977.31
126 $37,977.31 $209.82 $0.00 $214.73 $38,401.86
127 $38,401.86 $209.82 $0.00 $217.13 $38,828.81
128 $38,828.81 $209.82 $0.00 $219.54 $39,258.17
129 $39,258.17 $209.82 $0.00 $221.97 $39,689.96
130 $39,689.96 $209.82 $0.00 $224.41 $40,124.19
131 $40,124.19 $209.82 $0.00 $226.87 $40,560.88
132 $40,560.88 $209.82 $0.00 $229.34 $41,000.04
133 $41,000.04 $209.82 $0.00 $231.82 $41,441.68
134 $41,441.68 $209.82 $0.00 $234.32 $41,885.82
135 $41,885.82 $209.82 $0.00 $236.83 $42,332.47
136 $42,332.47 $209.82 $0.00 $239.35 $42,781.64
137 $42,781.64 $209.82 $0.00 $241.89 $43,233.35
138 $43,233.35 $209.82 $0.00 $244.45 $43,687.62
139 $43,687.62 $209.82 $0.00 $247.02 $44,144.46
140 $44,144.46 $209.82 $0.00 $249.60 $44,603.88
141 $44,603.88 $209.82 $0.00 $252.20 $45,065.90
142 $45,065.90 $209.82 $0.00 $254.81 $45,530.53
143 $45,530.53 $209.82 $0.00 $257.44 $45,997.79
144 $45,997.79 $209.82 $0.00 $260.08 $46,467.69
145 $46,467.69 $209.82 $0.00 $262.74 $46,940.25
146 $46,940.25 $209.82 $0.00 $265.41 $47,415.48
147 $47,415.48 $209.82 $0.00 $268.09 $47,893.39
148 $47,893.39 $209.82 $0.00 $270.80 $48,374.01
149 $48,374.01 $209.82 $0.00 $273.51 $48,857.34
150 $48,857.34 $209.82 $0.00 $276.25 $49,343.41
151 $49,343.41 $209.82 $0.00 $278.99 $49,832.22
152 $49,832.22 $209.82 $0.00 $281.76 $50,323.80
153 $50,323.80 $209.82 $0.00 $284.54 $50,818.16
154 $50,818.16 $209.82 $0.00 $287.33 $51,315.31
155 $51,315.31 $209.82 $0.00 $290.14 $51,815.27
156 $51,815.27 $209.82 $0.00 $292.97 $52,318.06
157 $52,318.06 $209.82 $0.00 $295.81 $52,823.69
158 $52,823.69 $209.82 $0.00 $298.67 $53,332.18
159 $53,332.18 $209.82 $0.00 $301.55 $53,843.55
160 $53,843.55 $209.82 $0.00 $304.44 $54,357.81
161 $54,357.81 $209.82 $0.00 $307.35 $54,874.98
162 $54,874.98 $209.82 $0.00 $310.27 $55,395.07
163 $55,395.07 $209.82 $0.00 $313.21 $55,918.10
164 $55,918.10 $209.82 $0.00 $316.17 $56,444.09
165 $56,444.09 $209.82 $0.00 $319.14 $56,973.05
166 $56,973.05 $209.82 $0.00 $322.13 $57,505.00
167 $57,505.00 $209.82 $0.00 $325.14 $58,039.96
168 $58,039.96 $209.82 $0.00 $328.17 $58,577.95
169 $58,577.95 $209.82 $0.00 $331.21 $59,118.98
170 $59,118.98 $209.82 $0.00 $334.27 $59,663.07
171 $59,663.07 $209.82 $0.00 $337.34 $60,210.23
172 $60,210.23 $209.82 $0.00 $340.44 $60,760.49
173 $60,760.49 $209.82 $0.00 $343.55 $61,313.86
174 $61,313.86 $209.82 $0.00 $346.68 $61,870.36
175 $61,870.36 $209.82 $0.00 $349.82 $62,430.00
176 $62,430.00 $209.82 $0.00 $352.99 $62,992.81
177 $62,992.81 $209.82 $0.00 $356.17 $63,558.80
178 $63,558.80 $209.82 $0.00 $359.37 $64,127.99
179 $64,127.99 $209.82 $0.00 $362.59 $64,700.40
180 $64,700.40 $209.82 $0.00 $365.83 $65,276.05
181 $65,276.05 $209.82 $0.00 $369.08 $65,854.95
182 $65,854.95 $209.82 $0.00 $372.35 $66,437.12
183 $66,437.12 $209.82 $0.00 $375.65 $67,022.59
184 $67,022.59 $209.82 $0.00 $378.96 $67,611.37
185 $67,611.37 $209.82 $0.00 $382.28 $68,203.47
186 $68,203.47 $209.82 $0.00 $385.63 $68,798.92
187 $68,798.92 $209.82 $0.00 $389.00 $69,397.74
188 $69,397.74 $209.82 $0.00 $392.38 $69,999.94
189 $69,999.94 $209.82 $0.00 $395.79 $70,605.55
190 $70,605.55 $209.82 $0.00 $399.21 $71,214.58
191 $71,214.58 $209.82 $0.00 $402.66 $71,827.06
192 $71,827.06 $209.82 $0.00 $406.12 $72,443.00
193 $72,443.00 $209.82 $0.00 $409.60 $73,062.42
194 $73,062.42 $209.82 $0.00 $413.11 $73,685.35
195 $73,685.35 $209.82 $0.00 $416.63 $74,311.80
196 $74,311.80 $209.82 $0.00 $420.17 $74,941.79
197 $74,941.79 $209.82 $0.00 $423.73 $75,575.34
198 $75,575.34 $209.82 $0.00 $427.31 $76,212.47
199 $76,212.47 $209.82 $0.00 $430.92 $76,853.21
200 $76,853.21 $209.82 $0.00 $434.54 $77,497.57
201 $77,497.57 $209.82 $0.00 $438.18 $78,145.57
202 $78,145.57 $209.82 $0.00 $441.85 $78,797.24
203 $78,797.24 $209.82 $0.00 $445.53 $79,452.59
204 $79,452.59 $209.82 $0.00 $449.24 $80,111.65
205 $80,111.65 $209.82 $0.00 $452.96 $80,774.43
206 $80,774.43 $209.82 $0.00 $456.71 $81,440.96
207 $81,440.96 $209.82 $0.00 $460.48 $82,111.26
208 $82,111.26 $209.82 $0.00 $464.27 $82,785.35
209 $82,785.35 $209.82 $0.00 $468.08 $83,463.25
210 $83,463.25 $209.82 $0.00 $471.91 $84,144.98
211 $84,144.98 $209.82 $0.00 $475.77 $84,830.57
212 $84,830.57 $209.82 $0.00 $479.64 $85,520.03
213 $85,520.03 $209.82 $0.00 $483.54 $86,213.39
214 $86,213.39 $209.82 $0.00 $487.46 $86,910.67
215 $86,910.67 $209.82 $0.00 $491.41 $87,611.90
216 $87,611.90 $209.82 $0.00 $495.37 $88,317.09
217 $88,317.09 $209.82 $45,629.09 $499.36 $43,397.18
218 $43,397.18 $209.82 $0.00 $245.37 $43,852.37
219 $43,852.37 $209.82 $0.00 $247.95 $44,310.14
220 $44,310.14 $209.82 $0.00 $250.54 $44,770.50
221 $44,770.50 $209.82 $0.00 $253.14 $45,233.46
222 $45,233.46 $209.82 $0.00 $255.76 $45,699.04
223 $45,699.04 $209.82 $0.00 $258.39 $46,167.25
224 $46,167.25 $209.82 $0.00 $261.04 $46,638.11
225 $46,638.11 $209.82 $0.00 $263.70 $47,111.63
226 $47,111.63 $209.82 $0.00 $266.38 $47,587.83
227 $47,587.83 $209.82 $0.00 $269.07 $48,066.72
228 $48,066.72 $209.82 $0.00 $271.78 $48,548.32
229 $48,548.32 $0.00 $48,823.12 $274.50 -$0.30