Savings Plan and Future Cost Estimation for Lorain County Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$53,292
Monthly savings required$237

How much will it cost to send your child to Lorain County Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $106,584.07 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $236.78 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$15,234.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $236.78 $0.00 $0.00 $236.78
2 $236.78 $236.78 $0.00 $1.34 $474.90
3 $474.90 $236.78 $0.00 $2.69 $714.37
4 $714.37 $236.78 $0.00 $4.04 $955.19
5 $955.19 $236.78 $0.00 $5.40 $1,197.37
6 $1,197.37 $236.78 $0.00 $6.77 $1,440.92
7 $1,440.92 $236.78 $0.00 $8.15 $1,685.85
8 $1,685.85 $236.78 $0.00 $9.53 $1,932.16
9 $1,932.16 $236.78 $0.00 $10.92 $2,179.86
10 $2,179.86 $236.78 $0.00 $12.33 $2,428.97
11 $2,428.97 $236.78 $0.00 $13.73 $2,679.48
12 $2,679.48 $236.78 $0.00 $15.15 $2,931.41
13 $2,931.41 $236.78 $0.00 $16.57 $3,184.76
14 $3,184.76 $236.78 $0.00 $18.01 $3,439.55
15 $3,439.55 $236.78 $0.00 $19.45 $3,695.78
16 $3,695.78 $236.78 $0.00 $20.90 $3,953.46
17 $3,953.46 $236.78 $0.00 $22.35 $4,212.59
18 $4,212.59 $236.78 $0.00 $23.82 $4,473.19
19 $4,473.19 $236.78 $0.00 $25.29 $4,735.26
20 $4,735.26 $236.78 $0.00 $26.77 $4,998.81
21 $4,998.81 $236.78 $0.00 $28.26 $5,263.85
22 $5,263.85 $236.78 $0.00 $29.76 $5,530.39
23 $5,530.39 $236.78 $0.00 $31.27 $5,798.44
24 $5,798.44 $236.78 $0.00 $32.79 $6,068.01
25 $6,068.01 $236.78 $0.00 $34.31 $6,339.10
26 $6,339.10 $236.78 $0.00 $35.84 $6,611.72
27 $6,611.72 $236.78 $0.00 $37.38 $6,885.88
28 $6,885.88 $236.78 $0.00 $38.93 $7,161.59
29 $7,161.59 $236.78 $0.00 $40.49 $7,438.86
30 $7,438.86 $236.78 $0.00 $42.06 $7,717.70
31 $7,717.70 $236.78 $0.00 $43.64 $7,998.12
32 $7,998.12 $236.78 $0.00 $45.22 $8,280.12
33 $8,280.12 $236.78 $0.00 $46.82 $8,563.72
34 $8,563.72 $236.78 $0.00 $48.42 $8,848.92
35 $8,848.92 $236.78 $0.00 $50.03 $9,135.73
36 $9,135.73 $236.78 $0.00 $51.65 $9,424.16
37 $9,424.16 $236.78 $0.00 $53.29 $9,714.23
38 $9,714.23 $236.78 $0.00 $54.93 $10,005.94
39 $10,005.94 $236.78 $0.00 $56.58 $10,299.30
40 $10,299.30 $236.78 $0.00 $58.23 $10,594.31
41 $10,594.31 $236.78 $0.00 $59.90 $10,890.99
42 $10,890.99 $236.78 $0.00 $61.58 $11,189.35
43 $11,189.35 $236.78 $0.00 $63.27 $11,489.40
44 $11,489.40 $236.78 $0.00 $64.96 $11,791.14
45 $11,791.14 $236.78 $0.00 $66.67 $12,094.59
46 $12,094.59 $236.78 $0.00 $68.38 $12,399.75
47 $12,399.75 $236.78 $0.00 $70.11 $12,706.64
48 $12,706.64 $236.78 $0.00 $71.85 $13,015.27
49 $13,015.27 $236.78 $0.00 $73.59 $13,325.64
50 $13,325.64 $236.78 $0.00 $75.35 $13,637.77
51 $13,637.77 $236.78 $0.00 $77.11 $13,951.66
52 $13,951.66 $236.78 $0.00 $78.88 $14,267.32
53 $14,267.32 $236.78 $0.00 $80.67 $14,584.77
54 $14,584.77 $236.78 $0.00 $82.46 $14,904.01
55 $14,904.01 $236.78 $0.00 $84.27 $15,225.06
56 $15,225.06 $236.78 $0.00 $86.08 $15,547.92
57 $15,547.92 $236.78 $0.00 $87.91 $15,872.61
58 $15,872.61 $236.78 $0.00 $89.75 $16,199.14
59 $16,199.14 $236.78 $0.00 $91.59 $16,527.51
60 $16,527.51 $236.78 $0.00 $93.45 $16,857.74
61 $16,857.74 $236.78 $0.00 $95.32 $17,189.84
62 $17,189.84 $236.78 $0.00 $97.19 $17,523.81
63 $17,523.81 $236.78 $0.00 $99.08 $17,859.67
64 $17,859.67 $236.78 $0.00 $100.98 $18,197.43
65 $18,197.43 $236.78 $0.00 $102.89 $18,537.10
66 $18,537.10 $236.78 $0.00 $104.81 $18,878.69
67 $18,878.69 $236.78 $0.00 $106.74 $19,222.21
68 $19,222.21 $236.78 $0.00 $108.69 $19,567.68
69 $19,567.68 $236.78 $0.00 $110.64 $19,915.10
70 $19,915.10 $236.78 $0.00 $112.60 $20,264.48
71 $20,264.48 $236.78 $0.00 $114.58 $20,615.84
72 $20,615.84 $236.78 $0.00 $116.56 $20,969.18
73 $20,969.18 $236.78 $0.00 $118.56 $21,324.52
74 $21,324.52 $236.78 $0.00 $120.57 $21,681.87
75 $21,681.87 $236.78 $0.00 $122.59 $22,041.24
76 $22,041.24 $236.78 $0.00 $124.62 $22,402.64
77 $22,402.64 $236.78 $0.00 $126.67 $22,766.09
78 $22,766.09 $236.78 $0.00 $128.72 $23,131.59
79 $23,131.59 $236.78 $0.00 $130.79 $23,499.16
80 $23,499.16 $236.78 $0.00 $132.87 $23,868.81
81 $23,868.81 $236.78 $0.00 $134.96 $24,240.55
82 $24,240.55 $236.78 $0.00 $137.06 $24,614.39
83 $24,614.39 $236.78 $0.00 $139.17 $24,990.34
84 $24,990.34 $236.78 $0.00 $141.30 $25,368.42
85 $25,368.42 $236.78 $0.00 $143.44 $25,748.64
86 $25,748.64 $236.78 $0.00 $145.59 $26,131.01
87 $26,131.01 $236.78 $0.00 $147.75 $26,515.54
88 $26,515.54 $236.78 $0.00 $149.92 $26,902.24
89 $26,902.24 $236.78 $0.00 $152.11 $27,291.13
90 $27,291.13 $236.78 $0.00 $154.31 $27,682.22
91 $27,682.22 $236.78 $0.00 $156.52 $28,075.52
92 $28,075.52 $236.78 $0.00 $158.74 $28,471.04
93 $28,471.04 $236.78 $0.00 $160.98 $28,868.80
94 $28,868.80 $236.78 $0.00 $163.23 $29,268.81
95 $29,268.81 $236.78 $0.00 $165.49 $29,671.08
96 $29,671.08 $236.78 $0.00 $167.76 $30,075.62
97 $30,075.62 $236.78 $0.00 $170.05 $30,482.45
98 $30,482.45 $236.78 $0.00 $172.35 $30,891.58
99 $30,891.58 $236.78 $0.00 $174.67 $31,303.03
100 $31,303.03 $236.78 $0.00 $176.99 $31,716.80
101 $31,716.80 $236.78 $0.00 $179.33 $32,132.91
102 $32,132.91 $236.78 $0.00 $181.68 $32,551.37
103 $32,551.37 $236.78 $0.00 $184.05 $32,972.20
104 $32,972.20 $236.78 $0.00 $186.43 $33,395.41
105 $33,395.41 $236.78 $0.00 $188.82 $33,821.01
106 $33,821.01 $236.78 $0.00 $191.23 $34,249.02
107 $34,249.02 $236.78 $0.00 $193.65 $34,679.45
108 $34,679.45 $236.78 $0.00 $196.08 $35,112.31
109 $35,112.31 $236.78 $0.00 $198.53 $35,547.62
110 $35,547.62 $236.78 $0.00 $200.99 $35,985.39
111 $35,985.39 $236.78 $0.00 $203.47 $36,425.64
112 $36,425.64 $236.78 $0.00 $205.96 $36,868.38
113 $36,868.38 $236.78 $0.00 $208.46 $37,313.62
114 $37,313.62 $236.78 $0.00 $210.98 $37,761.38
115 $37,761.38 $236.78 $0.00 $213.51 $38,211.67
116 $38,211.67 $236.78 $0.00 $216.05 $38,664.50
117 $38,664.50 $236.78 $0.00 $218.61 $39,119.89
118 $39,119.89 $236.78 $0.00 $221.19 $39,577.86
119 $39,577.86 $236.78 $0.00 $223.78 $40,038.42
120 $40,038.42 $236.78 $0.00 $226.38 $40,501.58
121 $40,501.58 $236.78 $0.00 $229.00 $40,967.36
122 $40,967.36 $236.78 $0.00 $231.64 $41,435.78
123 $41,435.78 $236.78 $0.00 $234.28 $41,906.84
124 $41,906.84 $236.78 $0.00 $236.95 $42,380.57
125 $42,380.57 $236.78 $0.00 $239.63 $42,856.98
126 $42,856.98 $236.78 $0.00 $242.32 $43,336.08
127 $43,336.08 $236.78 $0.00 $245.03 $43,817.89
128 $43,817.89 $236.78 $0.00 $247.75 $44,302.42
129 $44,302.42 $236.78 $0.00 $250.49 $44,789.69
130 $44,789.69 $236.78 $0.00 $253.25 $45,279.72
131 $45,279.72 $236.78 $0.00 $256.02 $45,772.52
132 $45,772.52 $236.78 $0.00 $258.80 $46,268.10
133 $46,268.10 $236.78 $0.00 $261.61 $46,766.49
134 $46,766.49 $236.78 $0.00 $264.42 $47,267.69
135 $47,267.69 $236.78 $0.00 $267.26 $47,771.73
136 $47,771.73 $236.78 $0.00 $270.11 $48,278.62
137 $48,278.62 $236.78 $0.00 $272.97 $48,788.37
138 $48,788.37 $236.78 $0.00 $275.86 $49,301.01
139 $49,301.01 $236.78 $0.00 $278.76 $49,816.55
140 $49,816.55 $236.78 $0.00 $281.67 $50,335.00
141 $50,335.00 $236.78 $0.00 $284.60 $50,856.38
142 $50,856.38 $236.78 $0.00 $287.55 $51,380.71
143 $51,380.71 $236.78 $0.00 $290.51 $51,908.00
144 $51,908.00 $236.78 $0.00 $293.50 $52,438.28
145 $52,438.28 $236.78 $0.00 $296.49 $52,971.55
146 $52,971.55 $236.78 $0.00 $299.51 $53,507.84
147 $53,507.84 $236.78 $0.00 $302.54 $54,047.16
148 $54,047.16 $236.78 $0.00 $305.59 $54,589.53
149 $54,589.53 $236.78 $0.00 $308.66 $55,134.97
150 $55,134.97 $236.78 $0.00 $311.74 $55,683.49
151 $55,683.49 $236.78 $0.00 $314.84 $56,235.11
152 $56,235.11 $236.78 $0.00 $317.96 $56,789.85
153 $56,789.85 $236.78 $0.00 $321.10 $57,347.73
154 $57,347.73 $236.78 $0.00 $324.25 $57,908.76
155 $57,908.76 $236.78 $0.00 $327.42 $58,472.96
156 $58,472.96 $236.78 $0.00 $330.61 $59,040.35
157 $59,040.35 $236.78 $0.00 $333.82 $59,610.95
158 $59,610.95 $236.78 $0.00 $337.05 $60,184.78
159 $60,184.78 $236.78 $0.00 $340.29 $60,761.85
160 $60,761.85 $236.78 $0.00 $343.56 $61,342.19
161 $61,342.19 $236.78 $0.00 $346.84 $61,925.81
162 $61,925.81 $236.78 $0.00 $350.14 $62,512.73
163 $62,512.73 $236.78 $0.00 $353.46 $63,102.97
164 $63,102.97 $236.78 $0.00 $356.79 $63,696.54
165 $63,696.54 $236.78 $0.00 $360.15 $64,293.47
166 $64,293.47 $236.78 $0.00 $363.52 $64,893.77
167 $64,893.77 $236.78 $0.00 $366.92 $65,497.47
168 $65,497.47 $236.78 $0.00 $370.33 $66,104.58
169 $66,104.58 $236.78 $0.00 $373.76 $66,715.12
170 $66,715.12 $236.78 $0.00 $377.22 $67,329.12
171 $67,329.12 $236.78 $0.00 $380.69 $67,946.59
172 $67,946.59 $236.78 $0.00 $384.18 $68,567.55
173 $68,567.55 $236.78 $0.00 $387.69 $69,192.02
174 $69,192.02 $236.78 $0.00 $391.22 $69,820.02
175 $69,820.02 $236.78 $0.00 $394.77 $70,451.57
176 $70,451.57 $236.78 $0.00 $398.34 $71,086.69
177 $71,086.69 $236.78 $0.00 $401.93 $71,725.40
178 $71,725.40 $236.78 $0.00 $405.55 $72,367.73
179 $72,367.73 $236.78 $0.00 $409.18 $73,013.69
180 $73,013.69 $236.78 $0.00 $412.83 $73,663.30
181 $73,663.30 $236.78 $0.00 $416.50 $74,316.58
182 $74,316.58 $236.78 $0.00 $420.20 $74,973.56
183 $74,973.56 $236.78 $0.00 $423.91 $75,634.25
184 $75,634.25 $236.78 $0.00 $427.65 $76,298.68
185 $76,298.68 $236.78 $0.00 $431.40 $76,966.86
186 $76,966.86 $236.78 $0.00 $435.18 $77,638.82
187 $77,638.82 $236.78 $0.00 $438.98 $78,314.58
188 $78,314.58 $236.78 $0.00 $442.80 $78,994.16
189 $78,994.16 $236.78 $0.00 $446.64 $79,677.58
190 $79,677.58 $236.78 $0.00 $450.51 $80,364.87
191 $80,364.87 $236.78 $0.00 $454.39 $81,056.04
192 $81,056.04 $236.78 $0.00 $458.30 $81,751.12
193 $81,751.12 $236.78 $0.00 $462.23 $82,450.13
194 $82,450.13 $236.78 $0.00 $466.19 $83,153.10
195 $83,153.10 $236.78 $0.00 $470.16 $83,860.04
196 $83,860.04 $236.78 $0.00 $474.16 $84,570.98
197 $84,570.98 $236.78 $0.00 $478.18 $85,285.94
198 $85,285.94 $236.78 $0.00 $482.22 $86,004.94
199 $86,004.94 $236.78 $0.00 $486.28 $86,728.00
200 $86,728.00 $236.78 $0.00 $490.37 $87,455.15
201 $87,455.15 $236.78 $0.00 $494.48 $88,186.41
202 $88,186.41 $236.78 $0.00 $498.62 $88,921.81
203 $88,921.81 $236.78 $0.00 $502.78 $89,661.37
204 $89,661.37 $236.78 $0.00 $506.96 $90,405.11
205 $90,405.11 $236.78 $0.00 $511.16 $91,153.05
206 $91,153.05 $236.78 $0.00 $515.39 $91,905.22
207 $91,905.22 $236.78 $0.00 $519.65 $92,661.65
208 $92,661.65 $236.78 $0.00 $523.92 $93,422.35
209 $93,422.35 $236.78 $0.00 $528.22 $94,187.35
210 $94,187.35 $236.78 $0.00 $532.55 $94,956.68
211 $94,956.68 $236.78 $0.00 $536.90 $95,730.36
212 $95,730.36 $236.78 $0.00 $541.27 $96,508.41
213 $96,508.41 $236.78 $0.00 $545.67 $97,290.86
214 $97,290.86 $236.78 $0.00 $550.10 $98,077.74
215 $98,077.74 $236.78 $0.00 $554.55 $98,869.07
216 $98,869.07 $236.78 $0.00 $559.02 $99,664.87
217 $99,664.87 $236.78 $51,489.89 $563.52 $48,975.28
218 $48,975.28 $236.78 $0.00 $276.91 $49,488.97
219 $49,488.97 $236.78 $0.00 $279.82 $50,005.57
220 $50,005.57 $236.78 $0.00 $282.74 $50,525.09
221 $50,525.09 $236.78 $0.00 $285.68 $51,047.55
222 $51,047.55 $236.78 $0.00 $288.63 $51,572.96
223 $51,572.96 $236.78 $0.00 $291.60 $52,101.34
224 $52,101.34 $236.78 $0.00 $294.59 $52,632.71
225 $52,632.71 $236.78 $0.00 $297.59 $53,167.08
226 $53,167.08 $236.78 $0.00 $300.61 $53,704.47
227 $53,704.47 $236.78 $0.00 $303.65 $54,244.90
228 $54,244.90 $236.78 $0.00 $306.71 $54,788.39
229 $54,788.39 $0.00 $55,094.18 $309.78 $3.99