Carroll 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 Carroll College? Our Carroll College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $40,352 for in-state students and $40,352 for out-of-state students, plus a 72.6% admission rate, strategic financial planning is essential for your Carroll College college fund.
About Carroll College
Carroll College is a highly selective institution with 1,052 students. The college maintains high academic standards with average SAT scores of 1205 and ACT scores of 26.5. Understanding these costs upfront allows families to create an effective savings strategy for their Carroll College education fund.
Current Carroll College Costs
- In-State Tuition: $40,352 per year
- Out-of-State Tuition: $40,352 per year
- Total Students: 1,052
- Admission Rate: 72.6%
Use our calculator above to determine your personalized savings plan for Carroll College.
Smart Savings Strategies for Carroll College
Given the premium cost tuition costs at Carroll 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 Carroll College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Carroll College fund
4. Investment Growth
With Carroll College's tuition costs, consider growth-oriented investments for long-term savings
Carroll College Graduate Outcomes
- Median Earnings (10 years): $61,772
- Loan Repayment Rate: 547.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Carroll College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Carroll College costs $40,352 per year for in-state students and $40,352 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 Carroll College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $40,352 annual cost. Starting when your child is born gives you 18 years to save.
Carroll College has a 72.6% admission rate, making it highly competitive. With 1,052 total students and average test scores of 1205 SAT and 26.5 ACT, preparation and planning are important.
Carroll College graduates earn a median salary of $61,772 ten years after graduation, with a 547.0 loan repayment rate. This represents positive value given the $40,352 tuition cost.
Use our Carroll 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 $40,352 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 $173,922 total cost by $130,850. To fully fund college, you'd need to save at least $404 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $173,922 total cost by $66,242. To fully fund college, you'd need to save at least $404 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $173,922 total cost for 4 years at Carroll College with $41,438 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $173,922 total cost for 4 years at Carroll College with $256,799 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $173,922 total cost for 4 years at Carroll College with $902,880 extra for additional expenses.