Davis & Elkins College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Davis & Elkins College? Our Davis & Elkins College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $31,270 for in-state students and $31,270 for out-of-state students, plus a 58.2% admission rate, strategic financial planning is essential for your Davis & Elkins College college fund.
About Davis & Elkins College
Davis & Elkins College is a highly selective institution with 681 students. The college maintains high academic standards with average SAT scores of 1002 and ACT scores of 7.5. Understanding these costs upfront allows families to create an effective savings strategy for their Davis & Elkins College education fund.
Current Davis & Elkins College Costs
- In-State Tuition: $31,270 per year
- Out-of-State Tuition: $31,270 per year
- Total Students: 681
- Admission Rate: 58.2%
Use our calculator above to determine your personalized savings plan for Davis & Elkins College.
Smart Savings Strategies for Davis & Elkins College
Given the higher cost tuition costs at Davis & Elkins 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 Davis & Elkins College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Davis & Elkins College fund
4. Investment Growth
With Davis & Elkins College's tuition costs, consider growth-oriented investments for long-term savings
Davis & Elkins College Graduate Outcomes
- Median Earnings (10 years): $43,411
- Loan Repayment Rate: 445.0
- Value Rating: Good
These outcomes show positive return on investment, making your Davis & Elkins College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Davis & Elkins College costs $31,270 per year for in-state students and $31,270 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 Davis & Elkins College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $31,270 annual cost. Starting when your child is born gives you 18 years to save.
Davis & Elkins College has a 58.2% admission rate, making it highly competitive. With 681 total students and average test scores of 1002 SAT and 7.5 ACT, preparation and planning are important.
Davis & Elkins College graduates earn a median salary of $43,411 ten years after graduation, with a 445.0 loan repayment rate. This represents positive value given the $31,270 tuition cost.
Use our Davis & Elkins 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 $31,270 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 $134,778 total cost by $91,706. To fully fund college, you'd need to save at least $313 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $134,778 total cost by $27,097. To fully fund college, you'd need to save at least $313 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $134,778 total cost for 4 years at Davis & Elkins College with $80,583 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $134,778 total cost for 4 years at Davis & Elkins College with $295,943 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $134,778 total cost for 4 years at Davis & Elkins College with $942,025 extra for additional expenses.