Macalester College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Macalester College? Our Macalester College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $64,908 for in-state students and $64,908 for out-of-state students, plus a 28.2% admission rate, strategic financial planning is essential for your Macalester College college fund.
About Macalester College
Macalester College is a highly selective institution with 2,131 students. The college maintains high academic standards with average SAT scores of 1430 and ACT scores of 31.5. Understanding these costs upfront allows families to create an effective savings strategy for their Macalester College education fund.
Current Macalester College Costs
- In-State Tuition: $64,908 per year
- Out-of-State Tuition: $64,908 per year
- Total Students: 2,131
- Admission Rate: 28.2%
Use our calculator above to determine your personalized savings plan for Macalester College.
Smart Savings Strategies for Macalester College
Given the premium cost tuition costs at Macalester 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 Macalester College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Macalester College fund
4. Investment Growth
With Macalester College's tuition costs, consider growth-oriented investments for long-term savings
Macalester College Graduate Outcomes
- Median Earnings (10 years): $63,878
- Loan Repayment Rate: 515.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Macalester College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Macalester College costs $64,908 per year for in-state students and $64,908 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 Macalester College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $64,908 annual cost. Starting when your child is born gives you 18 years to save.
Macalester College has a 28.2% admission rate, making it highly competitive. With 2,131 total students and average test scores of 1430 SAT and 31.5 ACT, preparation and planning are important.
Macalester College graduates earn a median salary of $63,878 ten years after graduation, with a 515.0 loan repayment rate. This represents positive value given the $64,908 tuition cost.
Use our Macalester 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 $64,908 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 $279,762 total cost by $236,689. To fully fund college, you'd need to save at least $650 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $279,762 total cost by $172,081. To fully fund college, you'd need to save at least $650 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $279,762 total cost by $64,401. To fully fund college, you'd need to save at least $650 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $279,762 total cost for 4 years at Macalester College with $150,959 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $279,762 total cost for 4 years at Macalester College with $797,041 extra for additional expenses.