Bowdoin College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Bowdoin College? Our Bowdoin College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $64,910 for in-state students and $64,910 for out-of-state students, plus a 8.0% admission rate, strategic financial planning is essential for your Bowdoin College college fund.
About Bowdoin College
Bowdoin College is a highly selective institution with 1,846 students. The college maintains high academic standards with average SAT scores of 1515 and ACT scores of 34.0. Understanding these costs upfront allows families to create an effective savings strategy for their Bowdoin College education fund.
Current Bowdoin College Costs
- In-State Tuition: $64,910 per year
- Out-of-State Tuition: $64,910 per year
- Total Students: 1,846
- Admission Rate: 8.0%
Use our calculator above to determine your personalized savings plan for Bowdoin College.
Smart Savings Strategies for Bowdoin College
Given the premium cost tuition costs at Bowdoin 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 Bowdoin College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Bowdoin College fund
4. Investment Growth
With Bowdoin College's tuition costs, consider growth-oriented investments for long-term savings
Bowdoin College Graduate Outcomes
- Median Earnings (10 years): $82,735
- Loan Repayment Rate: 240.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Bowdoin College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Bowdoin College costs $64,910 per year for in-state students and $64,910 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 Bowdoin College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $64,910 annual cost. Starting when your child is born gives you 18 years to save.
Bowdoin College has a 8.0% admission rate, making it highly competitive. With 1,846 total students and average test scores of 1515 SAT and 34.0 ACT, preparation and planning are important.
Bowdoin College graduates earn a median salary of $82,735 ten years after graduation, with a 240.0 loan repayment rate. This represents positive value given the $64,910 tuition cost.
Use our Bowdoin 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 $64,910 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 $279,770 total cost by $236,698. To fully fund college, you'd need to save at least $650 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $279,770 total cost by $172,090. To fully fund college, you'd need to save at least $650 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $279,770 total cost by $64,410. To fully fund college, you'd need to save at least $650 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $279,770 total cost for 4 years at Bowdoin College with $150,951 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $279,770 total cost for 4 years at Bowdoin College with $797,032 extra for additional expenses.