Garrett College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Garrett College? Our Garrett College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $4,060 for in-state students and $11,368 for out-of-state students, plus a N/A admission rate, strategic financial planning is essential for your Garrett College college fund.
About Garrett College
Garrett College is a selective institution with 424 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 Garrett College education fund.
Current Garrett College Costs
- In-State Tuition: $4,060 per year
- Out-of-State Tuition: $11,368 per year
- Total Students: 424
- Admission Rate: N/A
Use our calculator above to determine your personalized savings plan for Garrett College.
Smart Savings Strategies for Garrett College
Given the affordable tuition costs at Garrett 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 Garrett College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Garrett College fund
4. Investment Growth
With Garrett College's tuition costs, consider growth-oriented investments for long-term savings
Garrett College Graduate Outcomes
- Median Earnings (10 years): $35,823
- Loan Repayment Rate: 462.0
- Value Rating: Fair
These outcomes show concerning return on investment, making your Garrett College savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Garrett College costs $4,060 per year for in-state students and $11,368 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 Garrett College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $4,060 annual cost. Starting when your child is born gives you 18 years to save.
Garrett College has a N/A admission rate, making it selective. With 424 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Garrett College graduates earn a median salary of $35,823 ten years after graduation, with a 462.0 loan repayment rate. This represents concerning value given the $4,060 tuition cost.
Use our Garrett 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 $4,060 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $17,499 total cost for 4 years at Garrett College with $25,573 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $17,499 total cost for 4 years at Garrett College with $90,181 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $17,499 total cost for 4 years at Garrett College with $197,861 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $17,499 total cost for 4 years at Garrett College with $413,222 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $17,499 total cost for 4 years at Garrett College with $1,059,303 extra for additional expenses.