Franklin W Olin College of Engineering Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Franklin W Olin College of Engineering? Our Franklin W Olin College of Engineering savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $64,458 for in-state students and $64,458 for out-of-state students, plus a 21.7% admission rate, strategic financial planning is essential for your Franklin W Olin College of Engineering college fund.
About Franklin W Olin College of Engineering
Franklin W Olin College of Engineering is a highly selective institution with 373 students. The college maintains high academic standards with average SAT scores of 1520 and ACT scores of 34.5. Understanding these costs upfront allows families to create an effective savings strategy for their Franklin W Olin College of Engineering education fund.
Current Franklin W Olin College of Engineering Costs
- In-State Tuition: $64,458 per year
- Out-of-State Tuition: $64,458 per year
- Total Students: 373
- Admission Rate: 21.7%
Use our calculator above to determine your personalized savings plan for Franklin W Olin College of Engineering.
Smart Savings Strategies for Franklin W Olin College of Engineering
Given the premium cost tuition costs at Franklin W Olin College of Engineering, 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 W Olin College of Engineering planning
3. Automatic Savings
Set up monthly transfers to consistently build your Franklin W Olin College of Engineering fund
4. Investment Growth
With Franklin W Olin College of Engineering's tuition costs, consider growth-oriented investments for long-term savings
Franklin W Olin College of Engineering Graduate Outcomes
- Median Earnings (10 years): $129,455
- Loan Repayment Rate: 30.0
- Value Rating: Concerning
These outcomes show concerning return on investment, making your Franklin W Olin College of Engineering savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Franklin W Olin College of Engineering costs $64,458 per year for in-state students and $64,458 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 W Olin College of Engineering is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $64,458 annual cost. Starting when your child is born gives you 18 years to save.
Franklin W Olin College of Engineering has a 21.7% admission rate, making it highly competitive. With 373 total students and average test scores of 1520 SAT and 34.5 ACT, preparation and planning are important.
Franklin W Olin College of Engineering graduates earn a median salary of $129,455 ten years after graduation, with a 30.0 loan repayment rate. This represents concerning value given the $64,458 tuition cost.
Use our Franklin W Olin College of Engineering 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 $64,458 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 $277,822 total cost by $234,750. To fully fund college, you'd need to save at least $645 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $277,822 total cost by $170,142. To fully fund college, you'd need to save at least $645 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $277,822 total cost by $62,462. To fully fund college, you'd need to save at least $645 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $277,822 total cost for 4 years at Franklin W Olin College of Engineering with $152,899 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $277,822 total cost for 4 years at Franklin W Olin College of Engineering with $798,981 extra for additional expenses.