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MoneyGuide Education Goal Calculator from MoneyGuidePro (Envestnet)
Enables modeling of college savings goals, costs by institution type, inflation, investment returns, and expected family contributions. Integrates with broader plan projections and stress-tests college funding strategies.
More about MoneyGuidePro (Envestnet)
Product analysis by function
Education Funding Calculators for Financial Planning
Tools for projecting education costs, analyzing funding strategies through 529 plans and other vehicles, and integrating education funding with overall financial plans.
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User Interface & Experience
(8 Yes /8 Known /11 Possible features)
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Intuitive Navigation Ease of navigating through the tool for both advisors and clients. |
MoneyGuide's UI is generally lauded for being modern and intuitive for both advisors and clients. | |
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Customizable Inputs Allows personalization of variables such as number of children, schools, or funding vehicles. |
Customizable inputs are a core selling point, including variables for number of children, school type, costs, etc. | |
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Responsive Design The interface adapts seamlessly to desktop, tablet, and mobile devices. |
Responsive design is described on the product site, supporting access via desktop, tablet, and mobile. | |
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Save & Resume Functionality Users can save their work and return later without data loss. |
Save & Resume functionality is standard in MoneyGuide for both clients and advisors. | |
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Input Validation Checks for invalid, incomplete, or out-of-range entries. |
Input validation is performed for all fields to avoid missing or out-of-range entries. | |
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Multilingual Support Tool provides support for multiple languages. |
No information available | |
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Accessibility Compliance Conforms with standards such as WCAG 2.1 for users with disabilities. |
MoneyGuide is designed with WCAG standards in mind, per publicly available accessibility statements. | |
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User Guidance & Tooltips Contextual explanations and help for each input field or scenario. |
Extensive tooltips and contextual help are available throughout the product. | |
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White-labeling Options Branding customization for advisory firms. |
White-labeling options for advisory firms are offered for branding. | |
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Drag-and-Drop Scenarios Easily create or compare scenarios by dragging and dropping elements. |
No information available | |
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Speed of Calculation Time required for calculations to be processed and displayed. |
No information available |
Education Cost Projections
(9 Yes /9 Known /10 Possible features)
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Inflation Adjustments Automatically factors inflation rates into projections. |
Inflation adjustment is core to projections; users can select/model inflation rates. | |
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Database of Schools Contains comprehensive and up-to-date cost information for individual institutions. |
The platform supports up-to-date school cost data for projections. | |
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Tuition and Room/Board Projections Breakouts of projected tuition and living costs. |
Breaks out projected tuition and living costs are shown in output. | |
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State vs. Private Comparisons Easily compare costs between public and private schools. |
MoneyGuide supports state (public) vs. private school cost scenarios and displays side-by-side comparisons. | |
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Regional Cost Adjustments Takes into account geographic variations in education costs. |
Regional/geographic cost adjustments can be reflected via custom school or cost entries. | |
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Multi-Child Forecasting Supports projections for multiple children simultaneously. |
Supports multi-child forecasting in a single client plan with separate variables. | |
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Adjustable Attendance Years Customize years of attendance for each projected student. |
Custom attendance years can be entered for each student scenario. | |
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Automatic Data Updates School expense data is updated automatically with new figures. |
School cost data is maintained and regularly updated on the platform. | |
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Advanced Inflation Scenarios Model different inflation rates or scenarios for 'what-if' analysis. |
Advanced scenarios with different inflation rates for sensitivity analysis are supported. | |
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Historical Data Visualization Graph visualizations of historical education cost trends. |
No information available |
Funding Strategies & Vehicles
(9 Yes /9 Known /10 Possible features)
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529 Plan Modeling Robust support for projecting growth and usage of 529 plans. |
MoneyGuide is well known for 529 plan modeling capabilities. | |
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Other Tax-Advantaged Accounts Ability to analyze Coverdell ESAs, UGMA/UTMA, and IRAs as funding options. |
Can evaluate Coverdell ESAs, UGMA/UTMA, and IRAs as funding vehicles. | |
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Direct vs. Advisor-Sold 529 Analysis Compare performance, fees, and implications of each avenue. |
Direct vs advisor-sold plan analysis can be performed, including costs/fee impacts. | |
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State Tax Deduction Modeling Calculates impact of state-specific tax incentives. |
Can model state-specific tax treatment for 529 and other vehicles. | |
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Contribution Limit Warnings Alerts if planned contributions exceed legal or plan limits. |
Warns if scheduled/user-input contributions exceed allowed limits. | |
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Roll-over & Transfer Tools Assesses pros and cons of moving funds between accounts. |
Transfer/rollover impacts can be displayed in funding vehicle assumptions. | |
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Financial Aid Impact Estimates Projects how various funding strategies affect potential financial aid eligibility. |
The planning module estimates financial aid impact based on EFC and funding choices. | |
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Gift & Estate Tax Analysis Evaluates tax implications for relatives funding education. |
No information available | |
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Loan Strategy Modeling Assesses use of student and parent loans within overall plan. |
Can assess loan strategies for students and parents. | |
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Investment Option Comparisons Compares default or custom investment growth rates for each vehicle. |
Allows comparison of investment options and user-defined custom investment returns. |
Plan Integration & Holistic Planning
(9 Yes /9 Known /10 Possible features)
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Overall Financial Plan Linkage Education projections are embedded within broader retirement and wealth plans. |
Education goal is one of several that can be modeled in the holistic MoneyGuide plan engine. | |
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Cash Flow Impact Analysis Shows how education funding alters available future cash flow. |
Cash flow analysis is integrated, including education funding impacts. | |
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Goal Prioritization Enables ranking and funding order for multiple financial goals. |
Goal prioritization and trade-offs scenarios are a core feature. | |
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Simultaneous Scenario Modeling Assess education alongside goals like retirement, home purchase, etc. |
Can compare concurrent scenarios (education, retirement, purchase) together. | |
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Custom Time Horizon Setting Set unique planning horizons for each education or family goal. |
Flexible time horizons can be set for each goal in client planning. | |
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Automated Alerts & Recommendations Prompt users if education funding is off-track relative to targets. |
No information available | |
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Asset Allocation Interaction Visualize the impact of various asset allocation choices on education funding. |
Shows impact of asset allocations on goal attainability within the plan. | |
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Income & Expense Integration Ties education planning projections to household budget analysis. |
Income/expense modeling, including for education, is part of core plan structure. | |
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Risk Tolerance Assessment Measures risk preferences in the context of education savings. |
Risk tolerance is factored and illustrated across all modeled goals. | |
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Adaptive Planning (Life Events) Automatically updates or recommends changes based on life event inputs. |
Adaptive planning with updates for major life events is a documented feature. |
Assumptions & Customization
(8 Yes /8 Known /10 Possible features)
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Custom Asset Growth Rates Input custom investment return or growth rates. |
Custom investment growth rates can be specified. | |
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Editable Inflation Assumptions Override default inflation rates used for projections. |
Editable inflation assumptions at the goal-level or plan-level are allowed. | |
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Modifiable Contribution Schedules Allow non-uniform or one-time contribution entries. |
Non-uniform and one-time contributions can be entered for funding goals. | |
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Override Tuition Cost Defaults Direct adjustment of projected expenses for individual cases. |
Tuition cost defaults can be directly overridden for client-specific projections. | |
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Selectable Investment Mix Change investment allocation assumptions for each funding vehicle. |
Selectable investment mixes are available per account or goal. | |
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Personalized Tax Rate Inputs Adjust federal or state tax rates for precise results. |
Allows input of personalized tax rates for state or federal calculations. | |
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Custom Grant/Scholarship Entries Add anticipated scholarships and grants to projections. |
Scholarships and grant assumptions can be entered as custom values. | |
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Variable Withdrawal Schedules Set different withdrawal timeframes or frequencies. |
No information available | |
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Editable Loan Interest Rates Adjust projected interest rates for student/parent loans. |
Loan rates are editable for different scenarios. | |
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Scenario Notes & Rationale Document rationale for client-specific overrides. |
No information available |
Collaboration & Client Engagement
(7 Yes /7 Known /10 Possible features)
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Client Portal Access Clients can view, modify, or comment on calculator scenarios. |
Robust client portal allows review and modification of education goal calculations. | |
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Shareable Reports/Scenarios Export and share planning scenarios via email or secure links. |
Plans/reports can be shared securely by link or email. | |
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Real-time Collaboration Advisors and clients can work together in real time within the tool. |
Some real-time collaboration is possible for clients and advisors within the portal. | |
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Client Commenting Clients can comment or raise questions directly in their scenarios. |
No information available | |
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Advisor Notes & Action Items Advisors can record to-dos or follow up notes linked to each scenario. |
Advisor scenario notes and action items are a supported feature. | |
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Version History Tracking Track changes made to client scenarios over time. |
Change history/versioning is supported for compliance. | |
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E-signature Integration Clients can approve or acknowledge scenarios electronically. |
No information available | |
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Alert Notifications Automatic notifications to advisors/clients of changes or upcoming review dates. |
Alert notifications are sent for major plan changes or requests. | |
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Progress Tracking Dashboards Graphical dashboards to view progress toward education funding goals. |
Goal dashboards are available to visually track client/family funding progress. | |
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Document Upload & Storage Securely upload supporting documents (acceptance letters, receipts, etc.). |
No information available |
Reporting & Output
(8 Yes /8 Known /10 Possible features)
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Customizable Reports Templates for personalized, branded outputs. |
Customizable, branded reporting output is a hallmark of MoneyGuide. | |
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Visual Charts & Graphs Clear, insightful visualizations of projections and comparisons. |
Charts and graphs show projection details and funding progress. | |
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PDF & Excel Export Export reports in professional formats for sharing. |
PDF and Excel export are well-supported for client deliverables. | |
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Summary vs. Detailed Reports Choose short or comprehensive output levels for client needs. |
Summary/detailed reports can be selected as needed. | |
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Projection Sensitivities Show the impact of adjusting key variables on plan outcomes. |
Sensitivity modeling is part of scenario analysis tools. | |
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Audit Trail Inclusion Automated log of planning assumptions and changes for compliance. |
Audit trail of plan changes and assumptions included for compliance. | |
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Scenario Comparison Reports Side-by-side reporting of multiple funding strategies. |
Scenario comparison reports are standard output. | |
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Goal Progress Milestone Reporting Visuals and narrative on how close the client is to the funding goal. |
Goal progress visuals incorporated in client/advisor reports. | |
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Regulatory Compliance Highlights Highlight compliance-relevant details in prints/exports. |
No information available | |
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Automated Periodic Reports Schedule recurring reports for clients, e.g. annually. |
No information available |
Integration & Data Import/Export
(5 Yes /5 Known /10 Possible features)
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CRM Integration Connects directly to client record management systems. |
Integrations with common CRM systems (e.g., Redtail, Salesforce) are advertised. | |
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Financial Planning Software Integration Links with major financial planning tools/platforms. |
MoneyGuide integrates with financial planning suites and platforms. | |
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Account Aggregation Support Automatically pull in client account data (529 balances, IRAs, etc.). |
Account aggregation is available, e.g., via Yodlee integration. | |
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Data Import/Export (CSV, Excel, API) Flexibility for user-managed data flows. |
Import/export to Excel/CSV/APIs is supported in advisor tools. | |
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Open Banking Standards Support Compliance and support for secure external data connections. |
No information available | |
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Single Sign-On (SSO) Integrates authentication with other firm systems. |
SSO support is listed among security/integration features. | |
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Bulk Scenario Creation Upload large numbers of client cases or prospects simultaneously. |
No information available | |
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Partner School Data Feeds Live updates from educational institutions or grant providers. |
No information available | |
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API Access for Developers Allows custom development and integration with third-party services. |
No information available | |
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Cloud Storage Integration Sync reports and plans with major cloud storage providers. |
No information available |
Regulatory Compliance & Security
(10 Yes /10 Known /10 Possible features)
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Data Encryption All client data is encrypted at rest and in transit. |
Data is encrypted at rest and in transit, per SOC 2 and industry standards. | |
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User Access Controls Granular security permissions for different advisor/client roles. |
Granular access controls are supported for user and advisor roles. | |
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Audit Logs Full history of user activity for compliance. |
Audit logs are maintained for compliance; referenced in documentation. | |
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SOC 2 Compliance Adheres to relevant SOC 2 security and operational controls. |
SOC 2 certification achieved and referenced. | |
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GDPR/Data Residency Features Features for EU/UK compliance or data localization. |
GDPR/data residency policies are documented to support EU/UK clients. | |
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Consent Management Tracks and manages client data handling permissions. |
Consent for data handling is managed within client onboarding and portal. | |
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Data Retention Policies Customizable data deletion and archival options. |
Data retention policies are configurable at the enterprise level. | |
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Two-Factor Authentication Enhanced login security for all users. |
Two-factor authentication is available as a security best practice. | |
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Breach Notification Protocols Automated systems to detect, report, and remediate breaches. |
Incident response and breach notification procedures outlined in support documentation. | |
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End-to-End Privacy Controls Comprehensive privacy features for sensitive client data. |
Comprehensive privacy configuration options are outlined for sensitive data. |
Support & Training
(8 Yes /8 Known /10 Possible features)
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Knowledge Base Comprehensive how-to guides and FAQs. |
Knowledge base of articles and support FAQs is available. | |
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Live Chat Support Access to real-time troubleshooting/help. |
No information available | |
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Onboarding Webinars Regular sessions to train new users. |
Onboarding webinars are standard for MoneyGuide users. | |
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Custom Training Programs Tailored training modules for large practices/firms. |
Custom enterprise training is available for large clients. | |
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Video Tutorials Step-by-step walkthroughs in video format. |
Video tutorials are available via the support portal. | |
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Prompt Software Updates Guaranteed updates for features/regulatory changes. |
Software is regularly updated for regulatory and feature enhancements. | |
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User Community Forums Peer support and idea exchange platform. |
No information available | |
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Dedicated Account Managers Assigned point of contact for enterprise clients. |
Dedicated account manager option for enterprise-level MoneyGuide accounts. | |
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Priority Support Hours Faster response times for critical requests. |
Priority support level described for higher-tier clients. | |
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In-app Help Widgets On-demand help and answers available contextually. |
In-app help widgets are present for contextual questions. |
Performance & Scalability
(4 Yes /4 Known /10 Possible features)
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Concurrent User Support Number of advisors/clients that can work simultaneously without slowdowns. |
No information available | |
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Scalability (Clients/Households Supported) Maximum number of client plans or households supported in the system. |
No information available | |
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System Uptime Percentage of time the system is available, excluding planned downtime. |
No information available | |
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Average Response Time Typical time taken to retrieve, compute, or display information. |
No information available | |
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Load Testing Passes Has the system passed high-load stress testing protocols? |
Load and stress testing documented as passed in security/IT compliance overviews. | |
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Disaster Recovery Time Maximum time to recover from major outages. |
No information available | |
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Automatic Failover Redundant systems to ensure continuity if a server fails. |
Automatic failover and redundancy are standard as part of enterprise SaaS reliability. | |
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Data Backup Frequency How often user data is securely backed up. |
No information available | |
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Global Data Center Coverage Distributed servers for reliable international performance. |
Global data center and AWS/Azure coverage support reliability for international users. | |
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Bandwidth Optimization Efficient performance even on low-bandwidth connections. |
Performance on slow connections is optimized by UI engineering, as cited in product literature. |
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