Lafayette College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Lafayette College? Our Lafayette College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $62,574 for in-state students and $62,574 for out-of-state students, plus a 31.5% admission rate, strategic financial planning is essential for your Lafayette College college fund.
About Lafayette College
Lafayette College is a highly selective institution with 2,746 students. The college maintains high academic standards with average SAT scores of 1415 and ACT scores of 31.5. Understanding these costs upfront allows families to create an effective savings strategy for their Lafayette College education fund.
Current Lafayette College Costs
- In-State Tuition: $62,574 per year
- Out-of-State Tuition: $62,574 per year
- Total Students: 2,746
- Admission Rate: 31.5%
Use our calculator above to determine your personalized savings plan for Lafayette College.
Smart Savings Strategies for Lafayette College
Given the premium cost tuition costs at Lafayette 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 Lafayette College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Lafayette College fund
4. Investment Growth
With Lafayette College's tuition costs, consider growth-oriented investments for long-term savings
Lafayette College Graduate Outcomes
- Median Earnings (10 years): $91,410
- Loan Repayment Rate: 593.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Lafayette College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Lafayette College costs $62,574 per year for in-state students and $62,574 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 Lafayette College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $62,574 annual cost. Starting when your child is born gives you 18 years to save.
Lafayette College has a 31.5% admission rate, making it highly competitive. With 2,746 total students and average test scores of 1415 SAT and 31.5 ACT, preparation and planning are important.
Lafayette College graduates earn a median salary of $91,410 ten years after graduation, with a 593.0 loan repayment rate. This represents positive value given the $62,574 tuition cost.
Use our Lafayette 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 $62,574 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 $269,702 total cost by $226,630. To fully fund college, you'd need to save at least $626 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $269,702 total cost by $162,022. To fully fund college, you'd need to save at least $626 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $269,702 total cost by $54,341. To fully fund college, you'd need to save at least $626 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $269,702 total cost for 4 years at Lafayette College with $161,019 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $269,702 total cost for 4 years at Lafayette College with $807,101 extra for additional expenses.