College Fund Calculator

College Fund Calculator helps Plan education costs, contributions, and long-term study-related scenarios.

Child age

years

Children

Current savings

manwon

University typeLiving cost

Projected total

11,974 manwon (₩119,740,000)

Monthly savings need

52 manwon (₩516,000)

Scholarship and tax support

2,100 manwon (₩21,000,000)

Entry year

2038

12 years left

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Korea college fund calculator guide

This English page translates the Korean college-fund calculator and calls calculateTuitionProjection, calculateMonthlySavings, compareProducts, and calculateScholarship. Costs stay in manwon so tuition, living cost, scholarship, and savings targets match the Korean page.

Tuition projection

The projection starts from the child age, university type, study duration, living-cost inclusion, tuition inflation, and child count. The Korean source calculates the college entry year, yearly tuition, yearly living cost, and total cost per child.

Medical and long programs can use a 6-year duration, while ordinary programs use 4 years. Living cost can be excluded for a commuting scenario or included when housing and living expenses should be funded together.

Monthly savings formula

Monthly savings are calculated with a future-value annuity formula. Current savings are compounded first, then the remaining target is divided into monthly deposits using the expected annual return and months until college.

The result separates monthly amount, total contributed, interest earned, future value of current savings, and remaining target. This is materially different from simply dividing the future tuition by the remaining years.

Scholarship and tax credit

The scholarship branch models national scholarship by income tier, multi-child scholarship when the child-count threshold is met, and education tax credit after scholarship reduction. It returns yearly scholarship, total scholarship, yearly tax credit, total tax credit, total support, and net cost.

Eligibility and award amounts can change by government budget, income review, credit completion, school type, and semester. The calculator is a savings planner that should be reconciled with official scholarship notices before enrollment.