Connecticut College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Connecticut College? Our Connecticut College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $64,812 for in-state students and $64,812 for out-of-state students, plus a 38.3% admission rate, strategic financial planning is essential for your Connecticut College college fund.
About Connecticut College
Connecticut College is a highly selective institution with 1,960 students. The college maintains high academic standards with average SAT scores of 1405 and ACT scores of 32.0. Understanding these costs upfront allows families to create an effective savings strategy for their Connecticut College education fund.
Current Connecticut College Costs
- In-State Tuition: $64,812 per year
- Out-of-State Tuition: $64,812 per year
- Total Students: 1,960
- Admission Rate: 38.3%
Use our calculator above to determine your personalized savings plan for Connecticut College.
Smart Savings Strategies for Connecticut College
Given the premium cost tuition costs at Connecticut 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 Connecticut College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Connecticut College fund
4. Investment Growth
With Connecticut College's tuition costs, consider growth-oriented investments for long-term savings
Connecticut College Graduate Outcomes
- Median Earnings (10 years): $75,001
- Loan Repayment Rate: 414.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Connecticut College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Connecticut College costs $64,812 per year for in-state students and $64,812 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 Connecticut College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $64,812 annual cost. Starting when your child is born gives you 18 years to save.
Connecticut College has a 38.3% admission rate, making it highly competitive. With 1,960 total students and average test scores of 1405 SAT and 32.0 ACT, preparation and planning are important.
Connecticut College graduates earn a median salary of $75,001 ten years after graduation, with a 414.0 loan repayment rate. This represents positive value given the $64,812 tuition cost.
Use our Connecticut 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 $64,812 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 $279,348 total cost by $236,276. To fully fund college, you'd need to save at least $649 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $279,348 total cost by $171,668. To fully fund college, you'd need to save at least $649 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $279,348 total cost by $63,987. To fully fund college, you'd need to save at least $649 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $279,348 total cost for 4 years at Connecticut College with $151,373 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $279,348 total cost for 4 years at Connecticut College with $797,455 extra for additional expenses.