Benedict College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Benedict College? Our Benedict College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $18,000 for in-state students and $18,000 for out-of-state students, plus a 67.3% admission rate, strategic financial planning is essential for your Benedict College college fund.
About Benedict College
Benedict College is a highly selective institution with 1,573 students. The college maintains high academic standards with average SAT scores of 915 and ACT scores of 16.5. Understanding these costs upfront allows families to create an effective savings strategy for their Benedict College education fund.
Current Benedict College Costs
- In-State Tuition: $18,000 per year
- Out-of-State Tuition: $18,000 per year
- Total Students: 1,573
- Admission Rate: 67.3%
Use our calculator above to determine your personalized savings plan for Benedict College.
Smart Savings Strategies for Benedict College
Given the moderate cost tuition costs at Benedict 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 Benedict College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Benedict College fund
4. Investment Growth
With Benedict College's tuition costs, consider growth-oriented investments for long-term savings
Benedict College Graduate Outcomes
- Median Earnings (10 years): $31,902
- Loan Repayment Rate: 2497.0
- Value Rating: Fair
These outcomes show concerning return on investment, making your Benedict College savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Benedict College costs $18,000 per year for in-state students and $18,000 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 Benedict College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $18,000 annual cost. Starting when your child is born gives you 18 years to save.
Benedict College has a 67.3% admission rate, making it highly competitive. With 1,573 total students and average test scores of 915 SAT and 16.5 ACT, preparation and planning are important.
Benedict College graduates earn a median salary of $31,902 ten years after graduation, with a 2497.0 loan repayment rate. This represents concerning value given the $18,000 tuition cost.
Use our Benedict 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 $18,000 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 $77,582 total cost by $34,510. To fully fund college, you'd need to save at least $180 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $77,582 total cost for 4 years at Benedict College with $30,098 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $77,582 total cost for 4 years at Benedict College with $137,778 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $77,582 total cost for 4 years at Benedict College with $353,139 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $77,582 total cost for 4 years at Benedict College with $999,220 extra for additional expenses.