College Planning Calculator

Ideally, you want enough money to send your child to the school of his or her choice. But saving the money can seem like an overwhelming task. The good news is that once you start planning and investing a realistic amount regularly, you'll be that much closer to realizing your goal.

Our College Planning Calculator is an excellent tool for finding out how much you will need to save to reach your college tuition goal.

The calculator lets you:

  • See how different college tuitions affect your savings needs
  • Find out the future cost of tuition for each child or grandchild based on his or her age
  • Discover how much you'll need to save based on when you start investing.

Personal Information

Name of your child or grandchild

Current age of your child or grandchild

Your child or grandchild's age when entering college

Number of years child or grandchild will attend college

Name of college

Annual college costs in current dollars

If you know the annual costs of your child's college, enter the amount above, or use the following benchmarks:

Average cost of one year at 4-year college 2009-20101 Public Private
  $16,140 $36,993

Includes room, board, tuition and fees. Cost of public college is for an in-state student.

Financial Information

Your current college savings

$

Your monthly college investments

$

Your estimated rate of return on your investments (annualized %)

%

Estimated inflation rate (annualized %)

%

Federal Tax Rate

%

State Tax Rate

%

1. Source of data: The College Board, Trends in College Pricing, 2010. Average college costs include tuition, fees, books and supplies, room and board, transportation and other expenses.

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.
Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008