Beacon College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Beacon College? Our Beacon College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $49,230 for in-state students and $49,230 for out-of-state students, plus a 60.4% admission rate, strategic financial planning is essential for your Beacon College college fund.
About Beacon College
Beacon College is a highly selective institution with 497 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their Beacon College education fund.
Current Beacon College Costs
- In-State Tuition: $49,230 per year
- Out-of-State Tuition: $49,230 per year
- Total Students: 497
- Admission Rate: 60.4%
Use our calculator above to determine your personalized savings plan for Beacon College.
Smart Savings Strategies for Beacon College
Given the premium cost tuition costs at Beacon 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 Beacon College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Beacon College fund
4. Investment Growth
With Beacon College's tuition costs, consider growth-oriented investments for long-term savings
Beacon College Graduate Outcomes
- Median Earnings (10 years): $29,420
- Loan Repayment Rate: 39.0
- Value Rating: Concerning
These outcomes show concerning return on investment, making your Beacon College savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Beacon College costs $49,230 per year for in-state students and $49,230 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 Beacon College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $49,230 annual cost. Starting when your child is born gives you 18 years to save.
Beacon College has a 60.4% admission rate, making it highly competitive. With 497 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Beacon College graduates earn a median salary of $29,420 ten years after graduation, with a 39.0 loan repayment rate. This represents concerning value given the $49,230 tuition cost.
Use our Beacon 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 $49,230 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 $212,187 total cost by $169,115. To fully fund college, you'd need to save at least $493 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $212,187 total cost by $104,507. To fully fund college, you'd need to save at least $493 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $212,187 total cost for 4 years at Beacon College with $3,173 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $212,187 total cost for 4 years at Beacon College with $218,534 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $212,187 total cost for 4 years at Beacon College with $864,615 extra for additional expenses.