Harvey Mudd College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Harvey Mudd College? Our Harvey Mudd College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $66,255 for in-state students and $66,255 for out-of-state students, plus a 13.1% admission rate, strategic financial planning is essential for your Harvey Mudd College college fund.
About Harvey Mudd College
Harvey Mudd College is a highly selective institution with 915 students. The college maintains high academic standards with average SAT scores of 1520 and ACT scores of 35.0. Understanding these costs upfront allows families to create an effective savings strategy for their Harvey Mudd College education fund.
Current Harvey Mudd College Costs
- In-State Tuition: $66,255 per year
- Out-of-State Tuition: $66,255 per year
- Total Students: 915
- Admission Rate: 13.1%
Use our calculator above to determine your personalized savings plan for Harvey Mudd College.
Smart Savings Strategies for Harvey Mudd College
Given the premium cost tuition costs at Harvey Mudd 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 Harvey Mudd College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Harvey Mudd College fund
4. Investment Growth
With Harvey Mudd College's tuition costs, consider growth-oriented investments for long-term savings
Harvey Mudd College Graduate Outcomes
- Median Earnings (10 years): $138,687
- Loan Repayment Rate: 215.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Harvey Mudd College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Harvey Mudd College costs $66,255 per year for in-state students and $66,255 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 Harvey Mudd College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $66,255 annual cost. Starting when your child is born gives you 18 years to save.
Harvey Mudd College has a 13.1% admission rate, making it highly competitive. With 915 total students and average test scores of 1520 SAT and 35.0 ACT, preparation and planning are important.
Harvey Mudd College graduates earn a median salary of $138,687 ten years after graduation, with a 215.0 loan repayment rate. This represents positive value given the $66,255 tuition cost.
Use our Harvey Mudd 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 $66,255 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 $285,567 total cost by $242,495. To fully fund college, you'd need to save at least $663 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $285,567 total cost by $177,887. To fully fund college, you'd need to save at least $663 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $285,567 total cost by $70,207. To fully fund college, you'd need to save at least $663 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $285,567 total cost for 4 years at Harvey Mudd College with $145,154 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $285,567 total cost for 4 years at Harvey Mudd College with $791,235 extra for additional expenses.