Claremont McKenna 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 Claremont McKenna College? Our Claremont McKenna College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $64,150 for in-state students and $64,150 for out-of-state students, plus a 11.1% admission rate, strategic financial planning is essential for your Claremont McKenna College college fund.
About Claremont McKenna College
Claremont McKenna College is a highly selective institution with 1,379 students. The college maintains high academic standards with average SAT scores of 1505 and ACT scores of 34.0. Understanding these costs upfront allows families to create an effective savings strategy for their Claremont McKenna College education fund.
Current Claremont McKenna College Costs
- In-State Tuition: $64,150 per year
- Out-of-State Tuition: $64,150 per year
- Total Students: 1,379
- Admission Rate: 11.1%
Use our calculator above to determine your personalized savings plan for Claremont McKenna College.
Smart Savings Strategies for Claremont McKenna College
Given the premium cost tuition costs at Claremont McKenna 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 Claremont McKenna College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Claremont McKenna College fund
4. Investment Growth
With Claremont McKenna College's tuition costs, consider growth-oriented investments for long-term savings
Claremont McKenna College Graduate Outcomes
- Median Earnings (10 years): $104,736
- Loan Repayment Rate: 91.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Claremont McKenna College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Claremont McKenna College costs $64,150 per year for in-state students and $64,150 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 Claremont McKenna College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $64,150 annual cost. Starting when your child is born gives you 18 years to save.
Claremont McKenna College has a 11.1% admission rate, making it highly competitive. With 1,379 total students and average test scores of 1505 SAT and 34.0 ACT, preparation and planning are important.
Claremont McKenna College graduates earn a median salary of $104,736 ten years after graduation, with a 91.0 loan repayment rate. This represents positive value given the $64,150 tuition cost.
Use our Claremont McKenna 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 $64,150 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 $276,495 total cost by $233,422. To fully fund college, you'd need to save at least $642 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $276,495 total cost by $168,814. To fully fund college, you'd need to save at least $642 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $276,495 total cost by $61,134. To fully fund college, you'd need to save at least $642 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $276,495 total cost for 4 years at Claremont McKenna College with $154,227 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $276,495 total cost for 4 years at Claremont McKenna College with $800,308 extra for additional expenses.