Lake Erie 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 Lake Erie College? Our Lake Erie College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $36,032 for in-state students and $36,032 for out-of-state students, plus a 64.1% admission rate, strategic financial planning is essential for your Lake Erie College college fund.
About Lake Erie College
Lake Erie College is a highly selective institution with 678 students. The college maintains high academic standards with average SAT scores of 1030 and ACT scores of 21.0. Understanding these costs upfront allows families to create an effective savings strategy for their Lake Erie College education fund.
Current Lake Erie College Costs
- In-State Tuition: $36,032 per year
- Out-of-State Tuition: $36,032 per year
- Total Students: 678
- Admission Rate: 64.1%
Use our calculator above to determine your personalized savings plan for Lake Erie College.
Smart Savings Strategies for Lake Erie College
Given the premium cost tuition costs at Lake Erie 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 Lake Erie College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Lake Erie College fund
4. Investment Growth
With Lake Erie College's tuition costs, consider growth-oriented investments for long-term savings
Lake Erie College Graduate Outcomes
- Median Earnings (10 years): $50,417
- Loan Repayment Rate: 544.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Lake Erie College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Lake Erie College costs $36,032 per year for in-state students and $36,032 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 Lake Erie College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $36,032 annual cost. Starting when your child is born gives you 18 years to save.
Lake Erie College has a 64.1% admission rate, making it highly competitive. With 678 total students and average test scores of 1030 SAT and 21.0 ACT, preparation and planning are important.
Lake Erie College graduates earn a median salary of $50,417 ten years after graduation, with a 544.0 loan repayment rate. This represents positive value given the $36,032 tuition cost.
Use our Lake Erie 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 $36,032 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 $155,302 total cost by $112,230. To fully fund college, you'd need to save at least $361 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $155,302 total cost by $47,622. To fully fund college, you'd need to save at least $361 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $155,302 total cost for 4 years at Lake Erie College with $60,058 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $155,302 total cost for 4 years at Lake Erie College with $275,419 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $155,302 total cost for 4 years at Lake Erie College with $921,500 extra for additional expenses.