Colgate University 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 Colgate University? Our Colgate University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $67,024 for in-state students and $67,024 for out-of-state students, plus a 12.0% admission rate, strategic financial planning is essential for your Colgate University college fund.
About Colgate University
Colgate University is a highly selective institution with 3,122 students. The college maintains high academic standards with average SAT scores of 1480 and ACT scores of 33.5. Understanding these costs upfront allows families to create an effective savings strategy for their Colgate University education fund.
Current Colgate University Costs
- In-State Tuition: $67,024 per year
- Out-of-State Tuition: $67,024 per year
- Total Students: 3,122
- Admission Rate: 12.0%
Use our calculator above to determine your personalized savings plan for Colgate University.
Smart Savings Strategies for Colgate University
Given the premium cost tuition costs at Colgate University, 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 Colgate University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Colgate University fund
4. Investment Growth
With Colgate University's tuition costs, consider growth-oriented investments for long-term savings
Colgate University Graduate Outcomes
- Median Earnings (10 years): $85,139
- Loan Repayment Rate: 436.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Colgate University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Colgate University costs $67,024 per year for in-state students and $67,024 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 Colgate University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $67,024 annual cost. Starting when your child is born gives you 18 years to save.
Colgate University has a 12.0% admission rate, making it highly competitive. With 3,122 total students and average test scores of 1480 SAT and 33.5 ACT, preparation and planning are important.
Colgate University graduates earn a median salary of $85,139 ten years after graduation, with a 436.0 loan repayment rate. This represents positive value given the $67,024 tuition cost.
Use our Colgate University 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 $67,024 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 $288,882 total cost by $245,810. To fully fund college, you'd need to save at least $671 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $288,882 total cost by $181,202. To fully fund college, you'd need to save at least $671 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $288,882 total cost by $73,521. To fully fund college, you'd need to save at least $671 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $288,882 total cost for 4 years at Colgate University with $141,839 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $288,882 total cost for 4 years at Colgate University with $787,921 extra for additional expenses.