College Planning Tool
Project college costs and create a personal savings strategy for each child in your family.
Recording Current Savings
Determine how much you are on track to save.
Project Your Future College Savings
Estimate how much more you need to save to pay for college.
Receive Step-By-Step Guidance
Receive guidance on creating a college savings plan that works for your family.
How It Works
Learn the steps to use the tool.
Navigate to mefa.org/collegeplanningtool and select GET STARTED. Then simply provide your last name and the ages of your children.
Record your current college savings account value and your monthly contribution. Visit the FINANCIAL CENTER section at the top of the page, and record the savings for each child in your family. You may need to visit your account savings statements to find this amount. Report your Adjusted Gross Income from your most recent federal tax return, which will help assess your eligibility for future financial aid.
Based on these figures, you’ll be shown your projected school cost, potential financial aid, and estimated college savings at the time of your child’s college enrollment. And the result? You’ll know whether or not you’ll have a shortfall when it comes time to pay that college bill.
If you find you need to save more to cover projected college costs, you’ll see tips on how to do just that. MEFA’s College Planning Tool also includes a Passport for Success for each grade level, which provides even further information and activities to help your family plan for the future.
