LIM College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for LIM College? Our LIM College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $31,950 for in-state students and $31,950 for out-of-state students, plus a 98.8% admission rate, strategic financial planning is essential for your LIM College college fund.
About LIM College
LIM College is a highly selective institution with 1,133 students. The college maintains high academic standards with average SAT scores of 1095 and ACT scores of 20.0. Understanding these costs upfront allows families to create an effective savings strategy for their LIM College education fund.
Current LIM College Costs
- In-State Tuition: $31,950 per year
- Out-of-State Tuition: $31,950 per year
- Total Students: 1,133
- Admission Rate: 98.8%
Use our calculator above to determine your personalized savings plan for LIM College.
Smart Savings Strategies for LIM College
Given the higher cost tuition costs at LIM 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 LIM College planning
3. Automatic Savings
Set up monthly transfers to consistently build your LIM College fund
4. Investment Growth
With LIM College's tuition costs, consider growth-oriented investments for long-term savings
LIM College Graduate Outcomes
- Median Earnings (10 years): $58,956
- Loan Repayment Rate: 910.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your LIM College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
LIM College costs $31,950 per year for in-state students and $31,950 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 LIM College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $31,950 annual cost. Starting when your child is born gives you 18 years to save.
LIM College has a 98.8% admission rate, making it highly competitive. With 1,133 total students and average test scores of 1095 SAT and 20.0 ACT, preparation and planning are important.
LIM College graduates earn a median salary of $58,956 ten years after graduation, with a 910.0 loan repayment rate. This represents positive value given the $31,950 tuition cost.
Use our LIM 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 $31,950 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 $137,708 total cost by $94,636. To fully fund college, you'd need to save at least $320 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $137,708 total cost by $30,028. To fully fund college, you'd need to save at least $320 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $137,708 total cost for 4 years at LIM College with $77,652 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $137,708 total cost for 4 years at LIM College with $293,013 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $137,708 total cost for 4 years at LIM College with $939,094 extra for additional expenses.