Gnomon Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Gnomon? Our Gnomon savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $34,215 for in-state students and $34,215 for out-of-state students, plus a 39.7% admission rate, strategic financial planning is essential for your Gnomon college fund.
About Gnomon
Gnomon is a highly selective institution with 302 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 Gnomon education fund.
Current Gnomon Costs
- In-State Tuition: $34,215 per year
- Out-of-State Tuition: $34,215 per year
- Total Students: 302
- Admission Rate: 39.7%
Use our calculator above to determine your personalized savings plan for Gnomon.
Smart Savings Strategies for Gnomon
Given the higher cost tuition costs at Gnomon, 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 Gnomon planning
3. Automatic Savings
Set up monthly transfers to consistently build your Gnomon fund
4. Investment Growth
With Gnomon's tuition costs, consider growth-oriented investments for long-term savings
Gnomon Graduate Outcomes
- Median Earnings (10 years): $114,785
- Loan Repayment Rate: 48.0
- Value Rating: Concerning
These outcomes show concerning return on investment, making your Gnomon savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Gnomon costs $34,215 per year for in-state students and $34,215 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 Gnomon is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $34,215 annual cost. Starting when your child is born gives you 18 years to save.
Gnomon has a 39.7% admission rate, making it highly competitive. With 302 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Gnomon graduates earn a median salary of $114,785 ten years after graduation, with a 48.0 loan repayment rate. This represents concerning value given the $34,215 tuition cost.
Use our Gnomon 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 $34,215 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 $147,471 total cost by $104,399. To fully fund college, you'd need to save at least $342 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $147,471 total cost by $39,791. To fully fund college, you'd need to save at least $342 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $147,471 total cost for 4 years at Gnomon with $67,890 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $147,471 total cost for 4 years at Gnomon with $283,250 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $147,471 total cost for 4 years at Gnomon with $929,332 extra for additional expenses.