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How Much Will You Need to Save?

Over the past 20 years, college costs have risen much more than the general rate of inflation. For many parents, funding their child’s college education will be one of their largest and most significant expenses. Therefore, saving money for a college education requires foresight and planning. To start planning a savings goal should be established.

National Average College Attendance Costs
Tuition Room and Board Books & Supplies Annual Basic Expenses
Private College / University $36,880 $12,990 $1,240 $51,110
Public University (in state) $10,440 $11,510 $1,240 $23,190
Community College (in state) $3,730 $8,990 $1,460 $14,180

Source: College Board, 2019- 2020

Use our College Savings Calculator to help you estimate the amount of money needed to send your child to various types of postsecondary education institutions.

Arizona’s Education Savings Plan is not insured by the State of Arizona or any of the program providers. Neither the principal deposited nor the investment return is guaranteed by the State of Arizona or the program providers.

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