Babson College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Babson College? Our Babson College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $56,032 for in-state students and $56,032 for out-of-state students, plus a 19.7% admission rate, strategic financial planning is essential for your Babson College college fund.
About Babson College
Babson College is a highly selective institution with 2,696 students. The college maintains high academic standards with average SAT scores of 1440 and ACT scores of 31.5. Understanding these costs upfront allows families to create an effective savings strategy for their Babson College education fund.
Current Babson College Costs
- In-State Tuition: $56,032 per year
- Out-of-State Tuition: $56,032 per year
- Total Students: 2,696
- Admission Rate: 19.7%
Use our calculator above to determine your personalized savings plan for Babson College.
Smart Savings Strategies for Babson College
Given the premium cost tuition costs at Babson 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 Babson College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Babson College fund
4. Investment Growth
With Babson College's tuition costs, consider growth-oriented investments for long-term savings
Babson College Graduate Outcomes
- Median Earnings (10 years): $123,938
- Loan Repayment Rate: 470.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Babson College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Babson College costs $56,032 per year for in-state students and $56,032 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 Babson College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $56,032 annual cost. Starting when your child is born gives you 18 years to save.
Babson College has a 19.7% admission rate, making it highly competitive. With 2,696 total students and average test scores of 1440 SAT and 31.5 ACT, preparation and planning are important.
Babson College graduates earn a median salary of $123,938 ten years after graduation, with a 470.0 loan repayment rate. This represents positive value given the $56,032 tuition cost.
Use our Babson 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 $56,032 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 $241,505 total cost by $198,433. To fully fund college, you'd need to save at least $561 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $241,505 total cost by $133,825. To fully fund college, you'd need to save at least $561 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $241,505 total cost by $26,144. To fully fund college, you'd need to save at least $561 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $241,505 total cost for 4 years at Babson College with $189,216 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $241,505 total cost for 4 years at Babson College with $835,298 extra for additional expenses.