Dorsey College-Dearborn Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Dorsey College-Dearborn? Our Dorsey College-Dearborn savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $22,800 for in-state students and $22,800 for out-of-state students, plus a N/A admission rate, strategic financial planning is essential for your Dorsey College-Dearborn college fund.
About Dorsey College-Dearborn
Dorsey College-Dearborn is a selective institution with 450 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their Dorsey College-Dearborn education fund.
Current Dorsey College-Dearborn Costs
- In-State Tuition: $22,800 per year
- Out-of-State Tuition: $22,800 per year
- Total Students: 450
- Admission Rate: N/A
Use our calculator above to determine your personalized savings plan for Dorsey College-Dearborn.
Smart Savings Strategies for Dorsey College-Dearborn
Given the moderate cost tuition costs at Dorsey College-Dearborn, 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 Dorsey College-Dearborn planning
3. Automatic Savings
Set up monthly transfers to consistently build your Dorsey College-Dearborn fund
4. Investment Growth
With Dorsey College-Dearborn's tuition costs, consider growth-oriented investments for long-term savings
Dorsey College-Dearborn Graduate Outcomes
- Median Earnings (10 years): $29,392
- Loan Repayment Rate: 4071.0
- Value Rating: Concerning
These outcomes show concerning return on investment, making your Dorsey College-Dearborn savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Dorsey College-Dearborn costs $22,800 per year for in-state students and $22,800 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 Dorsey College-Dearborn is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $22,800 annual cost. Starting when your child is born gives you 18 years to save.
Dorsey College-Dearborn has a N/A admission rate, making it selective. With 450 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Dorsey College-Dearborn graduates earn a median salary of $29,392 ten years after graduation, with a 4071.0 loan repayment rate. This represents concerning value given the $22,800 tuition cost.
Use our Dorsey College-Dearborn 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 $22,800 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 $98,271 total cost by $55,199. To fully fund college, you'd need to save at least $228 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $98,271 total cost for 4 years at Dorsey College-Dearborn with $9,409 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $98,271 total cost for 4 years at Dorsey College-Dearborn with $117,090 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $98,271 total cost for 4 years at Dorsey College-Dearborn with $332,450 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $98,271 total cost for 4 years at Dorsey College-Dearborn with $978,532 extra for additional expenses.