Lycoming College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Lycoming College? Our Lycoming College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $47,675 for in-state students and $47,675 for out-of-state students, plus a 67.9% admission rate, strategic financial planning is essential for your Lycoming College college fund.
About Lycoming College
Lycoming College is a highly selective institution with 1,049 students. The college maintains high academic standards with average SAT scores of 1171 and ACT scores of 26.5. Understanding these costs upfront allows families to create an effective savings strategy for their Lycoming College education fund.
Current Lycoming College Costs
- In-State Tuition: $47,675 per year
- Out-of-State Tuition: $47,675 per year
- Total Students: 1,049
- Admission Rate: 67.9%
Use our calculator above to determine your personalized savings plan for Lycoming College.
Smart Savings Strategies for Lycoming College
Given the premium cost tuition costs at Lycoming 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 Lycoming College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Lycoming College fund
4. Investment Growth
With Lycoming College's tuition costs, consider growth-oriented investments for long-term savings
Lycoming College Graduate Outcomes
- Median Earnings (10 years): $56,210
- Loan Repayment Rate: 689.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Lycoming College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Lycoming College costs $47,675 per year for in-state students and $47,675 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 Lycoming College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $47,675 annual cost. Starting when your child is born gives you 18 years to save.
Lycoming College has a 67.9% admission rate, making it highly competitive. With 1,049 total students and average test scores of 1171 SAT and 26.5 ACT, preparation and planning are important.
Lycoming College graduates earn a median salary of $56,210 ten years after graduation, with a 689.0 loan repayment rate. This represents positive value given the $47,675 tuition cost.
Use our Lycoming 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 $47,675 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 $205,485 total cost by $162,413. To fully fund college, you'd need to save at least $477 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $205,485 total cost by $97,805. To fully fund college, you'd need to save at least $477 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $205,485 total cost for 4 years at Lycoming College with $9,875 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $205,485 total cost for 4 years at Lycoming College with $225,236 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $205,485 total cost for 4 years at Lycoming College with $871,317 extra for additional expenses.