How much should I actually save for my child's college education?
There's no universal number, but a common rule of thumb is to aim to cover roughly one-third of projected costs from savings, one-third from current income while they're enrolled, and one-third from financial aid, scholarships, or loans — you don't have to fund 100% yourself. Four years at an in-state public school currently runs around $100,000–$120,000 all-in; private schools can exceed $300,000, and those figures grow with tuition inflation. A practical target is saving $200–$500 a month per child from birth, adjusted to your budget. Don't sacrifice your own retirement to over-save here. Model your specific timeline, school type, and monthly contribution at wealthserene.com/tools/college-planner to set a realistic goal.
Educational disclaimer: All content on WealthSerene.com is for educational purposes only and does not constitute investment advice. Projections and calculations are illustrative — actual results will vary based on market conditions, your specific situation, and many factors outside this tool’s scope. Always consult a qualified financial professional for advice specific to your situation. View full disclosures →