Download the Schwab app from iTunes®Get the AppClose

  • Find a branch
  • Chat
To expand the menu panel use the down arrow key. Use Tab to navigate through submenu items.

Retirement & Planning
Questions? Get answers now. Live Chat.
 

College Planning

Print

Questions?

Call us at 888-213-4695 or visit your local branch.

One of your savings goals might be to help your children, grandchildren, or other students you know pay for a college education. With tuition costs rising at an average of 6% each year,1 it’s important to think strategically about college planning.

Be sure to max out your retirement accounts first, then prioritize and contribute to other savings goals, such as helping relatives pay for college.

Start saving early

If the cost of college continues to rise at its current rate, newborns will need about $284,0001 in today's dollars to attend a four-year, in-state public university, and nearly twice that to attend a private school.

While this figure may seem high, remember that saving for college is like saving for retirement—by starting early, investing regularly, and contributing as much as you can, you give yourself the best chance of success.

What you can do now:

  • Get more details on paying for college—including how undergraduate tuition and fees, room and board, and other expenses can change over time—at CollegeBoard.org.
  • Use our College Savings Calculator to estimate costs, your potential savings goals, and more.

Ready to get started with Schwab?

Call 888-213-4695.

Already a Schwab client?

Contact your Financial Consultant or call us anytime at
888-213-4695.