Baker College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Baker College? Our Baker College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $12,810 for in-state students and $12,810 for out-of-state students, plus a 87.5% admission rate, strategic financial planning is essential for your Baker College college fund.
About Baker College
Baker College is a highly selective institution with 3,026 students. The college maintains high academic standards with average SAT scores of 1065 and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their Baker College education fund.
Current Baker College Costs
- In-State Tuition: $12,810 per year
- Out-of-State Tuition: $12,810 per year
- Total Students: 3,026
- Admission Rate: 87.5%
Use our calculator above to determine your personalized savings plan for Baker College.
Smart Savings Strategies for Baker College
Given the affordable tuition costs at Baker 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 Baker College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Baker College fund
4. Investment Growth
With Baker College's tuition costs, consider growth-oriented investments for long-term savings
Baker College Graduate Outcomes
- Median Earnings (10 years): $35,833
- Loan Repayment Rate: 31256.0
- Value Rating: Fair
These outcomes show concerning return on investment, making your Baker College savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Baker College costs $12,810 per year for in-state students and $12,810 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 Baker College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $12,810 annual cost. Starting when your child is born gives you 18 years to save.
Baker College has a 87.5% admission rate, making it highly competitive. With 3,026 total students and average test scores of 1065 SAT and N/A ACT, preparation and planning are important.
Baker College graduates earn a median salary of $35,833 ten years after graduation, with a 31256.0 loan repayment rate. This represents concerning value given the $12,810 tuition cost.
Use our Baker 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 $12,810 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 $55,213 total cost by $12,141. To fully fund college, you'd need to save at least $128 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $55,213 total cost for 4 years at Baker College with $52,468 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $55,213 total cost for 4 years at Baker College with $160,148 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $55,213 total cost for 4 years at Baker College with $375,508 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $55,213 total cost for 4 years at Baker College with $1,021,590 extra for additional expenses.