Carleton College Savings Calculator - Plan Your College Fund
You will not meet your savings goal
You need to make a monthly contribution of to meet your goal.
You will exceed your savings goal
You only need to make a monthly contribution of to meet your goal.
Balance and Expenses by Years
Total Costs by Child
Planning to save for Carleton College? Our Carleton College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $65,457 for in-state students and $65,457 for out-of-state students, plus a 22.3% admission rate, strategic financial planning is essential for your Carleton College college fund.
About Carleton College
Carleton College is a highly selective institution with 2,019 students. The college maintains high academic standards with average SAT scores of 1490 and ACT scores of 33.0. Understanding these costs upfront allows families to create an effective savings strategy for their Carleton College education fund.
Current Carleton College Costs
- In-State Tuition: $65,457 per year
- Out-of-State Tuition: $65,457 per year
- Total Students: 2,019
- Admission Rate: 22.3%
Use our calculator above to determine your personalized savings plan for Carleton College.
Smart Savings Strategies for Carleton College
Given the premium cost tuition costs at Carleton 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 Carleton College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Carleton College fund
4. Investment Growth
With Carleton College's tuition costs, consider growth-oriented investments for long-term savings
Carleton College Graduate Outcomes
- Median Earnings (10 years): $75,525
- Loan Repayment Rate: 274.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Carleton College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Carleton College costs $65,457 per year for in-state students and $65,457 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 Carleton College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $65,457 annual cost. Starting when your child is born gives you 18 years to save.
Carleton College has a 22.3% admission rate, making it highly competitive. With 2,019 total students and average test scores of 1490 SAT and 33.0 ACT, preparation and planning are important.
Carleton College graduates earn a median salary of $75,525 ten years after graduation, with a 274.0 loan repayment rate. This represents positive value given the $65,457 tuition cost.
Use our Carleton 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 $65,457 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 $282,128 total cost by $239,056. To fully fund college, you'd need to save at least $655 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $282,128 total cost by $174,448. To fully fund college, you'd need to save at least $655 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $282,128 total cost by $66,767. To fully fund college, you'd need to save at least $655 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $282,128 total cost for 4 years at Carleton College with $148,593 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $282,128 total cost for 4 years at Carleton College with $794,675 extra for additional expenses.