Belmont Abbey College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Belmont Abbey College? Our Belmont Abbey College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $19,500 for in-state students and $19,500 for out-of-state students, plus a 90.4% admission rate, strategic financial planning is essential for your Belmont Abbey College college fund.
About Belmont Abbey College
Belmont Abbey College is a highly selective institution with 1,454 students. The college maintains high academic standards with average SAT scores of 1065 and ACT scores of 21.0. Understanding these costs upfront allows families to create an effective savings strategy for their Belmont Abbey College education fund.
Current Belmont Abbey College Costs
- In-State Tuition: $19,500 per year
- Out-of-State Tuition: $19,500 per year
- Total Students: 1,454
- Admission Rate: 90.4%
Use our calculator above to determine your personalized savings plan for Belmont Abbey College.
Smart Savings Strategies for Belmont Abbey College
Given the moderate cost tuition costs at Belmont Abbey 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 Belmont Abbey College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Belmont Abbey College fund
4. Investment Growth
With Belmont Abbey College's tuition costs, consider growth-oriented investments for long-term savings
Belmont Abbey College Graduate Outcomes
- Median Earnings (10 years): $47,937
- Loan Repayment Rate: 1045.0
- Value Rating: Good
These outcomes show positive return on investment, making your Belmont Abbey College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Belmont Abbey College costs $19,500 per year for in-state students and $19,500 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 Belmont Abbey College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $19,500 annual cost. Starting when your child is born gives you 18 years to save.
Belmont Abbey College has a 90.4% admission rate, making it highly competitive. With 1,454 total students and average test scores of 1065 SAT and 21.0 ACT, preparation and planning are important.
Belmont Abbey College graduates earn a median salary of $47,937 ten years after graduation, with a 1045.0 loan repayment rate. This represents positive value given the $19,500 tuition cost.
Use our Belmont Abbey 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 $19,500 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 $84,047 total cost by $40,975. To fully fund college, you'd need to save at least $195 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $84,047 total cost for 4 years at Belmont Abbey College with $23,633 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $84,047 total cost for 4 years at Belmont Abbey College with $131,313 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $84,047 total cost for 4 years at Belmont Abbey College with $346,674 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $84,047 total cost for 4 years at Belmont Abbey College with $992,755 extra for additional expenses.