Amherst College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Amherst College? Our Amherst College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $67,280 for in-state students and $67,280 for out-of-state students, plus a 9.8% admission rate, strategic financial planning is essential for your Amherst College college fund.
About Amherst College
Amherst College is a highly selective institution with 1,907 students. The college maintains high academic standards with average SAT scores of 1455 and ACT scores of 33.0. Understanding these costs upfront allows families to create an effective savings strategy for their Amherst College education fund.
Current Amherst College Costs
- In-State Tuition: $67,280 per year
- Out-of-State Tuition: $67,280 per year
- Total Students: 1,907
- Admission Rate: 9.8%
Use our calculator above to determine your personalized savings plan for Amherst College.
Smart Savings Strategies for Amherst College
Given the premium cost tuition costs at Amherst College, early planning is crucial. Consider these approaches:
1. Start Early
Begin saving when your child is young to take advantage of compound interest
2. 529 Plans
Tax-advantaged education savings accounts are ideal for Amherst College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Amherst College fund
4. Investment Growth
With Amherst College's tuition costs, consider growth-oriented investments for long-term savings
Amherst College Graduate Outcomes
- Median Earnings (10 years): $77,644
- Loan Repayment Rate: 230.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Amherst College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Amherst College costs $67,280 per year for in-state students and $67,280 for out-of-state students. These figures represent tuition only and don't include room, board, and other expenses.
The best time to start saving for Amherst College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $67,280 annual cost. Starting when your child is born gives you 18 years to save.
Amherst College has a 9.8% admission rate, making it highly competitive. With 1,907 total students and average test scores of 1455 SAT and 33.0 ACT, preparation and planning are important.
Amherst College graduates earn a median salary of $77,644 ten years after graduation, with a 230.0 loan repayment rate. This represents positive value given the $67,280 tuition cost.
Use our Amherst College savings calculator above to determine your monthly savings goal. The amount depends on your child's current age, expected tuition increases, and investment returns. For current $67,280 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This falls short of the estimated $289,985 total cost by $246,913. To fully fund college, you'd need to save at least $673 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $289,985 total cost by $182,305. To fully fund college, you'd need to save at least $673 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $289,985 total cost by $74,625. To fully fund college, you'd need to save at least $673 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $289,985 total cost for 4 years at Amherst College with $140,736 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $289,985 total cost for 4 years at Amherst College with $786,817 extra for additional expenses.