College Savings Calculator
Whether college is years away or around the corner, it’s never too soon, or too late, to start saving for your college student. Use the Fifth Third College Savings Calculator to determine a lump-sum amount you will need to save for your college student. Enter the average annual cost of tuition, years until college, years in college, as well as savings plan information. Considering opening a 529 college plan? Learn more about Fifth Third college savings accounts.
529 College Savings Plan
With a 529 plan, you can use the compounding power of tax-free growth to save for college. These state-sponsored plans invest after-tax contributions in mutual funds or similar investments. Fifth Third also offers a 529 CD, which gives you a guaranteed rate of return with terms from 3 months to 12 years.
Other Ways to Save
529 plans are a great way to save for college, however, if your college student would also like to save up, there are some additional savings tools to consider. A Minor Savings Account allows those under 18 to start learning about money.
Next Steps
Fifth Third can help you save for college. Learn more about 529 education savings and CD accounts. Questions? or visit a Fifth Third Branch.
Additional Resources
7 Types of Student Loans
As college applications are submitted and decisions arise, it's important to weigh options to pay for college. Here are 7 common types of student loans.
Ways to Start Saving for College
What are your options to save for college? Here are popular college savings plans to use for your own college education or for your children's.
How Much Student Debt Can You Afford?
Taking out a student loan for college can have major financial implications. Use this guide to understand how much student debt you can afford.