Elon University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Elon University? Our Elon University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $44,536 for in-state students and $44,536 for out-of-state students, plus a 67.3% admission rate, strategic financial planning is essential for your Elon University college fund.
About Elon University
Elon University is a highly selective institution with 6,402 students. The college maintains high academic standards with average SAT scores of 1224 and ACT scores of 25.5. Understanding these costs upfront allows families to create an effective savings strategy for their Elon University education fund.
Current Elon University Costs
- In-State Tuition: $44,536 per year
- Out-of-State Tuition: $44,536 per year
- Total Students: 6,402
- Admission Rate: 67.3%
Use our calculator above to determine your personalized savings plan for Elon University.
Smart Savings Strategies for Elon University
Given the premium cost tuition costs at Elon University, 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 Elon University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Elon University fund
4. Investment Growth
With Elon University's tuition costs, consider growth-oriented investments for long-term savings
Elon University Graduate Outcomes
- Median Earnings (10 years): $74,545
- Loan Repayment Rate: 1127.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Elon University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Elon University costs $44,536 per year for in-state students and $44,536 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 Elon University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $44,536 annual cost. Starting when your child is born gives you 18 years to save.
Elon University has a 67.3% admission rate, making it highly competitive. With 6,402 total students and average test scores of 1224 SAT and 25.5 ACT, preparation and planning are important.
Elon University graduates earn a median salary of $74,545 ten years after graduation, with a 1127.0 loan repayment rate. This represents positive value given the $44,536 tuition cost.
Use our Elon University 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 $44,536 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 $191,956 total cost by $148,884. To fully fund college, you'd need to save at least $446 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $191,956 total cost by $84,275. To fully fund college, you'd need to save at least $446 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $191,956 total cost for 4 years at Elon University with $23,405 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $191,956 total cost for 4 years at Elon University with $238,765 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $191,956 total cost for 4 years at Elon University with $884,847 extra for additional expenses.