Berea College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Berea College? Our Berea College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $49,326 for in-state students and $49,326 for out-of-state students, plus a 32.7% admission rate, strategic financial planning is essential for your Berea College college fund.
About Berea College
Berea College is a highly selective institution with 1,472 students. The college maintains high academic standards with average SAT scores of 1245 and ACT scores of 25.5. Understanding these costs upfront allows families to create an effective savings strategy for their Berea College education fund.
Current Berea College Costs
- In-State Tuition: $49,326 per year
- Out-of-State Tuition: $49,326 per year
- Total Students: 1,472
- Admission Rate: 32.7%
Use our calculator above to determine your personalized savings plan for Berea College.
Smart Savings Strategies for Berea College
Given the premium cost tuition costs at Berea 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 Berea College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Berea College fund
4. Investment Growth
With Berea College's tuition costs, consider growth-oriented investments for long-term savings
Berea College Graduate Outcomes
- Median Earnings (10 years): $43,150
- Loan Repayment Rate: 318.0
- Value Rating: Good
These outcomes show positive return on investment, making your Berea College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Berea College costs $49,326 per year for in-state students and $49,326 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 Berea College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $49,326 annual cost. Starting when your child is born gives you 18 years to save.
Berea College has a 32.7% admission rate, making it highly competitive. With 1,472 total students and average test scores of 1245 SAT and 25.5 ACT, preparation and planning are important.
Berea College graduates earn a median salary of $43,150 ten years after graduation, with a 318.0 loan repayment rate. This represents positive value given the $49,326 tuition cost.
Use our Berea 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 $49,326 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 $212,601 total cost by $169,529. To fully fund college, you'd need to save at least $494 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $212,601 total cost by $104,921. To fully fund college, you'd need to save at least $494 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $212,601 total cost for 4 years at Berea College with $2,759 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $212,601 total cost for 4 years at Berea College with $218,120 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $212,601 total cost for 4 years at Berea College with $864,201 extra for additional expenses.