Can a college planning calculator estimate the return on investment (ROI) of a college education?

Some college planning calculators may include a feature to estimate the return on investment (ROI) of a college education. This estimate takes into account factors such as the cost of attendance, potential earnings after graduation, and student loan repayment. However, it's important to note that ROI calculations are based on assumptions and projections, and there are many variables that can impact the actual outcome. It's also important to consider nonfinancial factors when deciding on a college, such as academic programs, location, and campus culture.