Hamilton College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Hamilton College? Our Hamilton College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $65,740 for in-state students and $65,740 for out-of-state students, plus a 11.8% admission rate, strategic financial planning is essential for your Hamilton College college fund.
About Hamilton College
Hamilton College is a highly selective institution with 2,045 students. The college maintains high academic standards with average SAT scores of 1480 and ACT scores of 33.5. Understanding these costs upfront allows families to create an effective savings strategy for their Hamilton College education fund.
Current Hamilton College Costs
- In-State Tuition: $65,740 per year
- Out-of-State Tuition: $65,740 per year
- Total Students: 2,045
- Admission Rate: 11.8%
Use our calculator above to determine your personalized savings plan for Hamilton College.
Smart Savings Strategies for Hamilton College
Given the premium cost tuition costs at Hamilton 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 Hamilton College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Hamilton College fund
4. Investment Growth
With Hamilton College's tuition costs, consider growth-oriented investments for long-term savings
Hamilton College Graduate Outcomes
- Median Earnings (10 years): $78,411
- Loan Repayment Rate: 324.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Hamilton College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Hamilton College costs $65,740 per year for in-state students and $65,740 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 Hamilton College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $65,740 annual cost. Starting when your child is born gives you 18 years to save.
Hamilton College has a 11.8% admission rate, making it highly competitive. With 2,045 total students and average test scores of 1480 SAT and 33.5 ACT, preparation and planning are important.
Hamilton College graduates earn a median salary of $78,411 ten years after graduation, with a 324.0 loan repayment rate. This represents positive value given the $65,740 tuition cost.
Use our Hamilton 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 $65,740 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 $283,348 total cost by $240,276. To fully fund college, you'd need to save at least $658 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $283,348 total cost by $175,667. To fully fund college, you'd need to save at least $658 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $283,348 total cost by $67,987. To fully fund college, you'd need to save at least $658 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $283,348 total cost for 4 years at Hamilton College with $147,373 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $283,348 total cost for 4 years at Hamilton College with $793,455 extra for additional expenses.