Education Planning Calculator

Preparing for post-secondary education involves careful financial planning, and utilizing an Education Planning calculator is a crucial first step towards securing your family’s future. This calculator provides families with a comprehensive tool to estimate the costs associated with post-secondary education, taking into account factors such as the child’s current age, anticipated start year of post-secondary school, duration of study, annual tuition fees, and potential expenses for room and board. By inputting these variables, families can gain a realistic understanding of the financial commitment required to fund their child’s education.

Student using the Education Planning calculator

Calculate how much you need to save for post-secondary education.

Advantages of Planning Now

One of the key advantages of using an Education Planning calculator is its ability to factor in the impact of inflation on tuition and housing costs. As tuition fees typically increase over time, families can adjust for inflation rates to accurately project future expenses. This feature helps families plan effectively by estimating the future financial burden and preparing accordingly through savings strategies and investment decisions.

Moreover, the Education Planning calculator incorporates current and future contributions to a Registered Education Savings Plan (RESP) and GESG, if applicable. RESP savings can significantly augment educational funds through government grants and tax-deferred growth, making it a valuable component of the overall savings strategy.

Education Planning Calculator

Calculator Integration

By integrating RESP savings into the calculator, families can visualize how these contributions can mitigate future educational expenses and ensure they are maximizing available resources for their child’s education. Ultimately, using an Education Planning calculator empowers families to make informed financial decisions, prioritize savings goals, and take proactive steps towards achieving their educational aspirations without compromising their long-term financial stability.

Companion Infographic

The Education Planning and RESP infographics highlight this tax-sheltered plan that helps you save for a child’s post-secondary education faster. Combine calculators and infographics on your website to engage visitors.

RESP Infographic

Features

Consumer-facing
These consumer-facing financial calculators can be embedded in your web site quickly and easily.

Responsive
Calculators are easy-to-use and fully responsive on any device – phone, tablet, laptop or desktop.

Full Branding
Calculators can be fully branded according to your branding style guide. You’ll be up and running with a quick turnaround.

Calculators are available in English and French. 

The calculator can be viewed for free up to five (5) times.
To use the full-featured versions of these calculators in FreshPlan, please contact us.

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