Molloy College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Molloy College? Our Molloy College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $37,840 for in-state students and $37,840 for out-of-state students, plus a 75.6% admission rate, strategic financial planning is essential for your Molloy College college fund.
About Molloy College
Molloy College is a highly selective institution with 3,185 students. The college maintains high academic standards with average SAT scores of 1195 and ACT scores of 26.5. Understanding these costs upfront allows families to create an effective savings strategy for their Molloy College education fund.
Current Molloy College Costs
- In-State Tuition: $37,840 per year
- Out-of-State Tuition: $37,840 per year
- Total Students: 3,185
- Admission Rate: 75.6%
Use our calculator above to determine your personalized savings plan for Molloy College.
Smart Savings Strategies for Molloy College
Given the premium cost tuition costs at Molloy 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 Molloy College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Molloy College fund
4. Investment Growth
With Molloy College's tuition costs, consider growth-oriented investments for long-term savings
Molloy College Graduate Outcomes
- Median Earnings (10 years): $77,789
- Loan Repayment Rate: 1588.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Molloy College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Molloy College costs $37,840 per year for in-state students and $37,840 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 Molloy College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $37,840 annual cost. Starting when your child is born gives you 18 years to save.
Molloy College has a 75.6% admission rate, making it highly competitive. With 3,185 total students and average test scores of 1195 SAT and 26.5 ACT, preparation and planning are important.
Molloy College graduates earn a median salary of $77,789 ten years after graduation, with a 1588.0 loan repayment rate. This represents positive value given the $37,840 tuition cost.
Use our Molloy 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 $37,840 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 $163,095 total cost by $120,023. To fully fund college, you'd need to save at least $379 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $163,095 total cost by $55,415. To fully fund college, you'd need to save at least $379 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $163,095 total cost for 4 years at Molloy College with $52,265 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $163,095 total cost for 4 years at Molloy College with $267,626 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $163,095 total cost for 4 years at Molloy College with $913,707 extra for additional expenses.