Hamline University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Hamline University? Our Hamline University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $48,311 for in-state students and $48,311 for out-of-state students, plus a 89.8% admission rate, strategic financial planning is essential for your Hamline University college fund.
About Hamline University
Hamline University is a highly selective institution with 1,685 students. The college maintains high academic standards with average SAT scores of 1269 and ACT scores of 24.0. Understanding these costs upfront allows families to create an effective savings strategy for their Hamline University education fund.
Current Hamline University Costs
- In-State Tuition: $48,311 per year
- Out-of-State Tuition: $48,311 per year
- Total Students: 1,685
- Admission Rate: 89.8%
Use our calculator above to determine your personalized savings plan for Hamline University.
Smart Savings Strategies for Hamline University
Given the premium cost tuition costs at Hamline University, 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 Hamline University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Hamline University fund
4. Investment Growth
With Hamline University's tuition costs, consider growth-oriented investments for long-term savings
Hamline University Graduate Outcomes
- Median Earnings (10 years): $61,106
- Loan Repayment Rate: 1254.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Hamline University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Hamline University costs $48,311 per year for in-state students and $48,311 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 Hamline University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $48,311 annual cost. Starting when your child is born gives you 18 years to save.
Hamline University has a 89.8% admission rate, making it highly competitive. With 1,685 total students and average test scores of 1269 SAT and 24.0 ACT, preparation and planning are important.
Hamline University graduates earn a median salary of $61,106 ten years after graduation, with a 1254.0 loan repayment rate. This represents positive value given the $48,311 tuition cost.
Use our Hamline University 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 $48,311 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 $208,226 total cost by $165,154. To fully fund college, you'd need to save at least $483 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $208,226 total cost by $100,546. To fully fund college, you'd need to save at least $483 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $208,226 total cost for 4 years at Hamline University with $7,134 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $208,226 total cost for 4 years at Hamline University with $222,495 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $208,226 total cost for 4 years at Hamline University with $868,576 extra for additional expenses.