Earlham College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Earlham College? Our Earlham College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $51,840 for in-state students and $51,840 for out-of-state students, plus a 74.2% admission rate, strategic financial planning is essential for your Earlham College college fund.
About Earlham College
Earlham College is a highly selective institution with 612 students. The college maintains high academic standards with average SAT scores of 1270 and ACT scores of 26.5. Understanding these costs upfront allows families to create an effective savings strategy for their Earlham College education fund.
Current Earlham College Costs
- In-State Tuition: $51,840 per year
- Out-of-State Tuition: $51,840 per year
- Total Students: 612
- Admission Rate: 74.2%
Use our calculator above to determine your personalized savings plan for Earlham College.
Smart Savings Strategies for Earlham College
Given the premium cost tuition costs at Earlham 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 Earlham College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Earlham College fund
4. Investment Growth
With Earlham College's tuition costs, consider growth-oriented investments for long-term savings
Earlham College Graduate Outcomes
- Median Earnings (10 years): $50,797
- Loan Repayment Rate: 384.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Earlham College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Earlham College costs $51,840 per year for in-state students and $51,840 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 Earlham College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $51,840 annual cost. Starting when your child is born gives you 18 years to save.
Earlham College has a 74.2% admission rate, making it highly competitive. With 612 total students and average test scores of 1270 SAT and 26.5 ACT, preparation and planning are important.
Earlham College graduates earn a median salary of $50,797 ten years after graduation, with a 384.0 loan repayment rate. This represents positive value given the $51,840 tuition cost.
Use our Earlham 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 $51,840 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 $223,437 total cost by $180,365. To fully fund college, you'd need to save at least $519 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $223,437 total cost by $115,757. To fully fund college, you'd need to save at least $519 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $223,437 total cost by $8,076. To fully fund college, you'd need to save at least $519 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $223,437 total cost for 4 years at Earlham College with $207,284 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $223,437 total cost for 4 years at Earlham College with $853,366 extra for additional expenses.