Davidson College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Davidson College? Our Davidson College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $60,300 for in-state students and $60,300 for out-of-state students, plus a 14.5% admission rate, strategic financial planning is essential for your Davidson College college fund.
About Davidson College
Davidson College is a highly selective institution with 1,901 students. The college maintains high academic standards with average SAT scores of 1435 and ACT scores of 32.5. Understanding these costs upfront allows families to create an effective savings strategy for their Davidson College education fund.
Current Davidson College Costs
- In-State Tuition: $60,300 per year
- Out-of-State Tuition: $60,300 per year
- Total Students: 1,901
- Admission Rate: 14.5%
Use our calculator above to determine your personalized savings plan for Davidson College.
Smart Savings Strategies for Davidson College
Given the premium cost tuition costs at Davidson 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 Davidson College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Davidson College fund
4. Investment Growth
With Davidson College's tuition costs, consider growth-oriented investments for long-term savings
Davidson College Graduate Outcomes
- Median Earnings (10 years): $81,400
- Loan Repayment Rate: 236.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Davidson College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Davidson College costs $60,300 per year for in-state students and $60,300 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 Davidson College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $60,300 annual cost. Starting when your child is born gives you 18 years to save.
Davidson College has a 14.5% admission rate, making it highly competitive. With 1,901 total students and average test scores of 1435 SAT and 32.5 ACT, preparation and planning are important.
Davidson College graduates earn a median salary of $81,400 ten years after graduation, with a 236.0 loan repayment rate. This represents positive value given the $60,300 tuition cost.
Use our Davidson 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 $60,300 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 $259,901 total cost by $216,828. To fully fund college, you'd need to save at least $603 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $259,901 total cost by $152,220. To fully fund college, you'd need to save at least $603 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $259,901 total cost by $44,540. To fully fund college, you'd need to save at least $603 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $259,901 total cost for 4 years at Davidson College with $170,820 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $259,901 total cost for 4 years at Davidson College with $816,902 extra for additional expenses.