Mitchell College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Mitchell College? Our Mitchell College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $39,050 for in-state students and $39,050 for out-of-state students, plus a 73.4% admission rate, strategic financial planning is essential for your Mitchell College college fund.
About Mitchell College
Mitchell College is a highly selective institution with 421 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 Mitchell College education fund.
Current Mitchell College Costs
- In-State Tuition: $39,050 per year
- Out-of-State Tuition: $39,050 per year
- Total Students: 421
- Admission Rate: 73.4%
Use our calculator above to determine your personalized savings plan for Mitchell College.
Smart Savings Strategies for Mitchell College
Given the premium cost tuition costs at Mitchell 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 Mitchell College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Mitchell College fund
4. Investment Growth
With Mitchell College's tuition costs, consider growth-oriented investments for long-term savings
Mitchell College Graduate Outcomes
- Median Earnings (10 years): $39,115
- Loan Repayment Rate: 508.0
- Value Rating: Fair
These outcomes show concerning return on investment, making your Mitchell College savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Mitchell College costs $39,050 per year for in-state students and $39,050 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 Mitchell College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $39,050 annual cost. Starting when your child is born gives you 18 years to save.
Mitchell College has a 73.4% admission rate, making it highly competitive. With 421 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Mitchell College graduates earn a median salary of $39,115 ten years after graduation, with a 508.0 loan repayment rate. This represents concerning value given the $39,050 tuition cost.
Use our Mitchell 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 $39,050 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 $168,310 total cost by $125,238. To fully fund college, you'd need to save at least $391 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $168,310 total cost by $60,630. To fully fund college, you'd need to save at least $391 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $168,310 total cost for 4 years at Mitchell College with $47,050 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $168,310 total cost for 4 years at Mitchell College with $262,411 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $168,310 total cost for 4 years at Mitchell College with $908,492 extra for additional expenses.