Hobart William Smith Colleges Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Hobart William Smith Colleges? Our Hobart William Smith Colleges savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $63,268 for in-state students and $63,268 for out-of-state students, plus a 57.3% admission rate, strategic financial planning is essential for your Hobart William Smith Colleges college fund.
About Hobart William Smith Colleges
Hobart William Smith Colleges is a highly selective institution with 1,606 students. The college maintains high academic standards with average SAT scores of 1290 and ACT scores of 29.0. Understanding these costs upfront allows families to create an effective savings strategy for their Hobart William Smith Colleges education fund.
Current Hobart William Smith Colleges Costs
- In-State Tuition: $63,268 per year
- Out-of-State Tuition: $63,268 per year
- Total Students: 1,606
- Admission Rate: 57.3%
Use our calculator above to determine your personalized savings plan for Hobart William Smith Colleges.
Smart Savings Strategies for Hobart William Smith Colleges
Given the premium cost tuition costs at Hobart William Smith Colleges, 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 Hobart William Smith Colleges planning
3. Automatic Savings
Set up monthly transfers to consistently build your Hobart William Smith Colleges fund
4. Investment Growth
With Hobart William Smith Colleges's tuition costs, consider growth-oriented investments for long-term savings
Hobart William Smith Colleges Graduate Outcomes
- Median Earnings (10 years): $68,831
- Loan Repayment Rate: 735.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Hobart William Smith Colleges savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Hobart William Smith Colleges costs $63,268 per year for in-state students and $63,268 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 Hobart William Smith Colleges is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $63,268 annual cost. Starting when your child is born gives you 18 years to save.
Hobart William Smith Colleges has a 57.3% admission rate, making it highly competitive. With 1,606 total students and average test scores of 1290 SAT and 29.0 ACT, preparation and planning are important.
Hobart William Smith Colleges graduates earn a median salary of $68,831 ten years after graduation, with a 735.0 loan repayment rate. This represents positive value given the $63,268 tuition cost.
Use our Hobart William Smith Colleges 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 $63,268 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 $272,693 total cost by $229,621. To fully fund college, you'd need to save at least $633 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $272,693 total cost by $165,013. To fully fund college, you'd need to save at least $633 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $272,693 total cost by $57,332. To fully fund college, you'd need to save at least $633 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $272,693 total cost for 4 years at Hobart William Smith Colleges with $158,028 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $272,693 total cost for 4 years at Hobart William Smith Colleges with $804,110 extra for additional expenses.