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. For those who are goal-oriented, the Goal Setter Savings Account® lets you create personal goals so you can save at your own pace. And the Dobot® Savings App is another tool for automatic, goal-driven savings.

Next Steps

Fifth Third can help you save for college. Learn more about 529 education savings and CD accounts. Questions? Schedule an appointment or visit a Fifth Third Branch.

Additional Resources

Saving for College: Life Insurance or 529?

Looking at college savings plans? We'll help you understand what a 529 Plan is and how it compares to life insurance for your child's college saving fund.

How to Save for Your Child’s College Tuition

Get a head start on saving for your kids' college education. Check out college savings calculators, budget tips, and savings accounts with Fifth Third Bank.

5 Key Financial Aid Considerations When Saving for College

If you're saving for college, you need to know about financial aid. Here are 5 financial aid factors to consider when estimating yearly college costs.