Bennett College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Bennett College? Our Bennett College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $19,140 for in-state students and $19,140 for out-of-state students, plus a 33.6% admission rate, strategic financial planning is essential for your Bennett College college fund.
About Bennett College
Bennett College is a highly selective institution with 191 students. The college maintains high academic standards with average SAT scores of 902 and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their Bennett College education fund.
Current Bennett College Costs
- In-State Tuition: $19,140 per year
- Out-of-State Tuition: $19,140 per year
- Total Students: 191
- Admission Rate: 33.6%
Use our calculator above to determine your personalized savings plan for Bennett College.
Smart Savings Strategies for Bennett College
Given the moderate cost tuition costs at Bennett 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 Bennett College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Bennett College fund
4. Investment Growth
With Bennett College's tuition costs, consider growth-oriented investments for long-term savings
Bennett College Graduate Outcomes
- Median Earnings (10 years): $36,654
- Loan Repayment Rate: 466.0
- Value Rating: Fair
These outcomes show concerning return on investment, making your Bennett College savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Bennett College costs $19,140 per year for in-state students and $19,140 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 Bennett College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $19,140 annual cost. Starting when your child is born gives you 18 years to save.
Bennett College has a 33.6% admission rate, making it highly competitive. With 191 total students and average test scores of 902 SAT and N/A ACT, preparation and planning are important.
Bennett College graduates earn a median salary of $36,654 ten years after graduation, with a 466.0 loan repayment rate. This represents concerning value given the $19,140 tuition cost.
Use our Bennett 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 $19,140 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 $82,496 total cost by $39,424. To fully fund college, you'd need to save at least $192 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $82,496 total cost for 4 years at Bennett College with $25,184 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $82,496 total cost for 4 years at Bennett College with $132,865 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $82,496 total cost for 4 years at Bennett College with $348,225 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $82,496 total cost for 4 years at Bennett College with $994,307 extra for additional expenses.