Save for College | Financial Calculators for Flagstar Bank

Student Information

The current age of the student you plan to put through college.

The age at which your student will begin their college education.

The number of years of college you are planning to save for.

The annual cost of attending the college of your choice, in current dollars. You should include tuition, room and board, books, transportation and other related expenses.

College cost inflation

The rate at which you expect college costs to increase on an annual basis.

College Savings

Current savings

The amount you currently have saved for the student&#39s college education.

Monthly college savings

The amount you save on a monthly basis towards college for this student.

Expected rate of return

The annual rate of return you expect to receive on your investments and savings accounts.

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College Savings Summary
Planned Savings	Required Savings

Planned vs Required College Savings
	Planned Savings	Required Savings
Total Savings

Flagstar Bank partnered with Fintactix, a financial education company, to make this calculator available. This is for informational purposes only. The results are hypothetical to illustrate general scenarios. The calculator cannot determine that a specific Flagstar product is available to you or that it is the right solution for your circumstances. All Flagstar Bank products require an application and an approval process. Please contact us directly so we can assist you. Use of this calculator is not a substitute for and results cannot be relied on as investment, legal, tax or accounting advice. Please consult a tax advisor, attorney or other financial professional for personalized advice appropriate to your goals and circumstances. Flagstar Bank and our affiliates are not responsible for any content provided by unaffiliated third parties.

Saving for a college education requires advanced planning and knowledge of what the cost of a college education will be when your student begins his college experience. You will first need to know how long it will be before your student sets foot on campus, what the cost of that education is today and how much the cost will increase between now and then. You will need to know how many years of college you will be paying for, which is dependent on the degree program being pursued. Once you have that information, you will be able to know how much you will need to save. Putting together a plan will depend on what you currently have saved, how much you can save each month and the rate of return you will receive on those savings.