Hood College Savings Calculator - Plan Your College Fund
You will not meet your savings goal
You need to make a monthly contribution of to meet your goal.
You will exceed your savings goal
You only need to make a monthly contribution of to meet your goal.
Balance and Expenses by Years
Total Costs by Child
Planning to save for Hood College? Our Hood College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $45,870 for in-state students and $45,870 for out-of-state students, plus a 78.1% admission rate, strategic financial planning is essential for your Hood College college fund.
About Hood College
Hood College is a highly selective institution with 1,202 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 Hood College education fund.
Current Hood College Costs
- In-State Tuition: $45,870 per year
- Out-of-State Tuition: $45,870 per year
- Total Students: 1,202
- Admission Rate: 78.1%
Use our calculator above to determine your personalized savings plan for Hood College.
Smart Savings Strategies for Hood College
Given the premium cost tuition costs at Hood 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 Hood College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Hood College fund
4. Investment Growth
With Hood College's tuition costs, consider growth-oriented investments for long-term savings
Hood College Graduate Outcomes
- Median Earnings (10 years): $57,089
- Loan Repayment Rate: 706.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Hood College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Hood College costs $45,870 per year for in-state students and $45,870 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 Hood College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $45,870 annual cost. Starting when your child is born gives you 18 years to save.
Hood College has a 78.1% admission rate, making it highly competitive. With 1,202 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Hood College graduates earn a median salary of $57,089 ten years after graduation, with a 706.0 loan repayment rate. This represents positive value given the $45,870 tuition cost.
Use our Hood 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 $45,870 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 $197,705 total cost by $154,633. To fully fund college, you'd need to save at least $459 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $197,705 total cost by $90,025. To fully fund college, you'd need to save at least $459 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $197,705 total cost for 4 years at Hood College with $17,655 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $197,705 total cost for 4 years at Hood College with $233,016 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $197,705 total cost for 4 years at Hood College with $879,097 extra for additional expenses.