Saving for College

Should I live on campus, off campus or at home?

Compare the cost of different living arrangements and see how things like transportation, utilities and meal costs can change the equation.

If you use scholarship or grant money to pay for housing, or money from college savings accounts (like a 529 plan), make sure you understand any plan limitations. You want to understand if you can use that money to pay for off campus housing and what impact there may be if you do.

Remember to also think about other parts of your life that could be affected by how close you live to campus, like class attendance and campus involvement.  

Crunch the numbers below, and check out more resources on how to plan and pay for college.

This calculator is made available by one or more third party service providers. It is not intended to be an advertisement for a product or service at any of the terms used herein. It is not intended to offer any tax, legal, financial or investment advice. All examples are hypothetical and are for illustrative purposes. SunTrust Banks, Inc. and its affiliates do not provide legal or tax advice. SunTrust cannot guarantee that the information provided is accurate, complete, or timely. Federal and state laws and regulations are complex and are subject to change. Changes in such laws and regulations may have a material impact on pre- and/or after-tax investment results. SunTrust makes no warranties with regard to this calculator or the results obtained by its use. SunTrust disclaims any liability arising out of your use of, or any tax position taken in reliance on, this calculator. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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