Some college expenses will depend on choices your child makes, such as:

• Public or private school
• In-state or out-of-state school
• Four-year or two-year school
• Location
• Living on campus, off campus, or at home

Other expenses, such as books, stay relatively constant regardless of school.

As you shop around, don’t let sticker shock get in the way of your dream of sending your child to college.

Sallie Mae's Education Investment Planner is a free online tool that offers easy-to-follow guidance on paying for college based on your budget and financial goals. You can compare costs and strategies for over 5,500 schools.

Average school costs

The average yearly cost for tuition and room and board according to CollegeBoard.com:

• Private college is $23,712.
• In-state public university is $6,185.
• Two-year public institution is $2,361.

Estimating savings

Use these calculators that let you quickly assess your situation, look at your financial needs, and help you come up with a savings strategy.