Carthage College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Carthage College? Our Carthage College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $36,500 for in-state students and $36,500 for out-of-state students, plus a 84.2% admission rate, strategic financial planning is essential for your Carthage College college fund.
About Carthage College
Carthage College is a highly selective institution with 2,628 students. The college maintains high academic standards with average SAT scores of 1102 and ACT scores of 22.5. Understanding these costs upfront allows families to create an effective savings strategy for their Carthage College education fund.
Current Carthage College Costs
- In-State Tuition: $36,500 per year
- Out-of-State Tuition: $36,500 per year
- Total Students: 2,628
- Admission Rate: 84.2%
Use our calculator above to determine your personalized savings plan for Carthage College.
Smart Savings Strategies for Carthage College
Given the premium cost tuition costs at Carthage 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 Carthage College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Carthage College fund
4. Investment Growth
With Carthage College's tuition costs, consider growth-oriented investments for long-term savings
Carthage College Graduate Outcomes
- Median Earnings (10 years): $56,950
- Loan Repayment Rate: 1409.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Carthage College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Carthage College costs $36,500 per year for in-state students and $36,500 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 Carthage College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $36,500 annual cost. Starting when your child is born gives you 18 years to save.
Carthage College has a 84.2% admission rate, making it highly competitive. With 2,628 total students and average test scores of 1102 SAT and 22.5 ACT, preparation and planning are important.
Carthage College graduates earn a median salary of $56,950 ten years after graduation, with a 1409.0 loan repayment rate. This represents positive value given the $36,500 tuition cost.
Use our Carthage 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 $36,500 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 $157,320 total cost by $114,247. To fully fund college, you'd need to save at least $365 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $157,320 total cost by $49,639. To fully fund college, you'd need to save at least $365 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $157,320 total cost for 4 years at Carthage College with $58,041 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $157,320 total cost for 4 years at Carthage College with $273,401 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $157,320 total cost for 4 years at Carthage College with $919,483 extra for additional expenses.