Mercy College of Ohio Savings Calculator - Plan Your College Fund
You will not meet your savings goal
You need to make a monthly contribution of to meet your goal.
You will exceed your savings goal
You only need to make a monthly contribution of to meet your goal.
Balance and Expenses by Years
Total Costs by Child
Planning to save for Mercy College of Ohio? Our Mercy College of Ohio savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $18,950 for in-state students and $18,950 for out-of-state students, plus a 42.8% admission rate, strategic financial planning is essential for your Mercy College of Ohio college fund.
About Mercy College of Ohio
Mercy College of Ohio is a highly selective institution with 982 students. The college maintains high academic standards with average SAT scores of 960 and ACT scores of 18.5. Understanding these costs upfront allows families to create an effective savings strategy for their Mercy College of Ohio education fund.
Current Mercy College of Ohio Costs
- In-State Tuition: $18,950 per year
- Out-of-State Tuition: $18,950 per year
- Total Students: 982
- Admission Rate: 42.8%
Use our calculator above to determine your personalized savings plan for Mercy College of Ohio.
Smart Savings Strategies for Mercy College of Ohio
Given the moderate cost tuition costs at Mercy College of Ohio, 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 Mercy College of Ohio planning
3. Automatic Savings
Set up monthly transfers to consistently build your Mercy College of Ohio fund
4. Investment Growth
With Mercy College of Ohio's tuition costs, consider growth-oriented investments for long-term savings
Mercy College of Ohio Graduate Outcomes
- Median Earnings (10 years): $65,409
- Loan Repayment Rate: 860.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Mercy College of Ohio savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Mercy College of Ohio costs $18,950 per year for in-state students and $18,950 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 Mercy College of Ohio is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $18,950 annual cost. Starting when your child is born gives you 18 years to save.
Mercy College of Ohio has a 42.8% admission rate, making it highly competitive. With 982 total students and average test scores of 960 SAT and 18.5 ACT, preparation and planning are important.
Mercy College of Ohio graduates earn a median salary of $65,409 ten years after graduation, with a 860.0 loan repayment rate. This represents positive value given the $18,950 tuition cost.
Use our Mercy College of Ohio 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 $18,950 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 $81,677 total cost by $38,605. To fully fund college, you'd need to save at least $190 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $81,677 total cost for 4 years at Mercy College of Ohio with $26,003 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $81,677 total cost for 4 years at Mercy College of Ohio with $133,684 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $81,677 total cost for 4 years at Mercy College of Ohio with $349,044 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $81,677 total cost for 4 years at Mercy College of Ohio with $995,126 extra for additional expenses.