Franklin and Marshall College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Franklin and Marshall College? Our Franklin and Marshall College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $68,380 for in-state students and $68,380 for out-of-state students, plus a 31.8% admission rate, strategic financial planning is essential for your Franklin and Marshall College college fund.
About Franklin and Marshall College
Franklin and Marshall College is a highly selective institution with 1,904 students. The college maintains high academic standards with average SAT scores of 1379 and ACT scores of 30.5. Understanding these costs upfront allows families to create an effective savings strategy for their Franklin and Marshall College education fund.
Current Franklin and Marshall College Costs
- In-State Tuition: $68,380 per year
- Out-of-State Tuition: $68,380 per year
- Total Students: 1,904
- Admission Rate: 31.8%
Use our calculator above to determine your personalized savings plan for Franklin and Marshall College.
Smart Savings Strategies for Franklin and Marshall College
Given the premium cost tuition costs at Franklin and Marshall 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 Franklin and Marshall College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Franklin and Marshall College fund
4. Investment Growth
With Franklin and Marshall College's tuition costs, consider growth-oriented investments for long-term savings
Franklin and Marshall College Graduate Outcomes
- Median Earnings (10 years): $76,124
- Loan Repayment Rate: 565.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Franklin and Marshall College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Franklin and Marshall College costs $68,380 per year for in-state students and $68,380 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 Franklin and Marshall College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $68,380 annual cost. Starting when your child is born gives you 18 years to save.
Franklin and Marshall College has a 31.8% admission rate, making it highly competitive. With 1,904 total students and average test scores of 1379 SAT and 30.5 ACT, preparation and planning are important.
Franklin and Marshall College graduates earn a median salary of $76,124 ten years after graduation, with a 565.0 loan repayment rate. This represents positive value given the $68,380 tuition cost.
Use our Franklin and Marshall 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 $68,380 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 $294,726 total cost by $251,654. To fully fund college, you'd need to save at least $684 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $294,726 total cost by $187,046. To fully fund college, you'd need to save at least $684 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $294,726 total cost by $79,366. To fully fund college, you'd need to save at least $684 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $294,726 total cost for 4 years at Franklin and Marshall College with $135,995 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $294,726 total cost for 4 years at Franklin and Marshall College with $782,076 extra for additional expenses.