Lees-McRae College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Lees-McRae College? Our Lees-McRae College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $31,140 for in-state students and $31,140 for out-of-state students, plus a 80.8% admission rate, strategic financial planning is essential for your Lees-McRae College college fund.
About Lees-McRae College
Lees-McRae College is a highly selective institution with 817 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 Lees-McRae College education fund.
Current Lees-McRae College Costs
- In-State Tuition: $31,140 per year
- Out-of-State Tuition: $31,140 per year
- Total Students: 817
- Admission Rate: 80.8%
Use our calculator above to determine your personalized savings plan for Lees-McRae College.
Smart Savings Strategies for Lees-McRae College
Given the higher cost tuition costs at Lees-McRae 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 Lees-McRae College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Lees-McRae College fund
4. Investment Growth
With Lees-McRae College's tuition costs, consider growth-oriented investments for long-term savings
Lees-McRae College Graduate Outcomes
- Median Earnings (10 years): $43,415
- Loan Repayment Rate: 570.0
- Value Rating: Good
These outcomes show positive return on investment, making your Lees-McRae College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Lees-McRae College costs $31,140 per year for in-state students and $31,140 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 Lees-McRae College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $31,140 annual cost. Starting when your child is born gives you 18 years to save.
Lees-McRae College has a 80.8% admission rate, making it highly competitive. With 817 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Lees-McRae College graduates earn a median salary of $43,415 ten years after graduation, with a 570.0 loan repayment rate. This represents positive value given the $31,140 tuition cost.
Use our Lees-McRae 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 $31,140 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 $134,217 total cost by $91,145. To fully fund college, you'd need to save at least $312 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $134,217 total cost by $26,537. To fully fund college, you'd need to save at least $312 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $134,217 total cost for 4 years at Lees-McRae College with $81,143 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $134,217 total cost for 4 years at Lees-McRae College with $296,504 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $134,217 total cost for 4 years at Lees-McRae College with $942,585 extra for additional expenses.