By Ziv Shay | Updated April 2026
Ivy League / Elite Private costs an average of $82,000 per year for tuition, fees, room & board in 2026-2027.
Based on 7% annual return in a 529 plan and 5% college cost inflation.
| Child's Age | Years to Save | Projected Total Cost | Monthly Savings |
|---|---|---|---|
| Age 0 | 18 years | $789,371 | $1,833/mo |
| Age 3 | 15 years | $681,888 | $2,151/mo |
| Age 5 | 13 years | $618,493 | $2,441/mo |
| Age 8 | 10 years | $534,277 | $3,087/mo |
| Age 10 | 8 years | $484,605 | $3,780/mo |
| Age 13 | 5 years | $418,620 | $5,847/mo |
With Ivy League / Elite Private costs projected to reach $789,371 for a child born today, starting early is crucial. A 529 plan is the most efficient vehicle for college savings, offering tax-free growth and tax-free withdrawals for qualified expenses.
If your 529 savings won't cover the full cost, consider these options: federal student loans (subsidized loans don't accrue interest while in school), merit-based scholarships, work-study programs, starting at a community college and transferring, or choosing an in-state public university. Visit studloans.com to compare student loan repayment strategies.
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