Lawrence University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Lawrence University? Our Lawrence University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $55,461 for in-state students and $55,461 for out-of-state students, plus a 63.0% admission rate, strategic financial planning is essential for your Lawrence University college fund.
About Lawrence University
Lawrence University is a highly selective institution with 1,394 students. The college maintains high academic standards with average SAT scores of 1315 and ACT scores of 29.5. Understanding these costs upfront allows families to create an effective savings strategy for their Lawrence University education fund.
Current Lawrence University Costs
- In-State Tuition: $55,461 per year
- Out-of-State Tuition: $55,461 per year
- Total Students: 1,394
- Admission Rate: 63.0%
Use our calculator above to determine your personalized savings plan for Lawrence University.
Smart Savings Strategies for Lawrence University
Given the premium cost tuition costs at Lawrence University, 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 Lawrence University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Lawrence University fund
4. Investment Growth
With Lawrence University's tuition costs, consider growth-oriented investments for long-term savings
Lawrence University Graduate Outcomes
- Median Earnings (10 years): $55,789
- Loan Repayment Rate: 473.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Lawrence University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Lawrence University costs $55,461 per year for in-state students and $55,461 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 Lawrence University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $55,461 annual cost. Starting when your child is born gives you 18 years to save.
Lawrence University has a 63.0% admission rate, making it highly competitive. With 1,394 total students and average test scores of 1315 SAT and 29.5 ACT, preparation and planning are important.
Lawrence University graduates earn a median salary of $55,789 ten years after graduation, with a 473.0 loan repayment rate. This represents positive value given the $55,461 tuition cost.
Use our Lawrence University 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 $55,461 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 $239,044 total cost by $195,972. To fully fund college, you'd need to save at least $555 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $239,044 total cost by $131,364. To fully fund college, you'd need to save at least $555 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $239,044 total cost by $23,683. To fully fund college, you'd need to save at least $555 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $239,044 total cost for 4 years at Lawrence University with $191,677 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $239,044 total cost for 4 years at Lawrence University with $837,759 extra for additional expenses.