Monmouth College 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 Monmouth College? Our Monmouth College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $43,520 for in-state students and $43,520 for out-of-state students, plus a 86.6% admission rate, strategic financial planning is essential for your Monmouth College college fund.
About Monmouth College
Monmouth College is a highly selective institution with 725 students. The college maintains high academic standards with average SAT scores of 1120 and ACT scores of 23.5. Understanding these costs upfront allows families to create an effective savings strategy for their Monmouth College education fund.
Current Monmouth College Costs
- In-State Tuition: $43,520 per year
- Out-of-State Tuition: $43,520 per year
- Total Students: 725
- Admission Rate: 86.6%
Use our calculator above to determine your personalized savings plan for Monmouth College.
Smart Savings Strategies for Monmouth College
Given the premium cost tuition costs at Monmouth 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 Monmouth College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Monmouth College fund
4. Investment Growth
With Monmouth College's tuition costs, consider growth-oriented investments for long-term savings
Monmouth College Graduate Outcomes
- Median Earnings (10 years): $51,110
- Loan Repayment Rate: 760.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Monmouth College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Monmouth College costs $43,520 per year for in-state students and $43,520 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 Monmouth College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $43,520 annual cost. Starting when your child is born gives you 18 years to save.
Monmouth College has a 86.6% admission rate, making it highly competitive. With 725 total students and average test scores of 1120 SAT and 23.5 ACT, preparation and planning are important.
Monmouth College graduates earn a median salary of $51,110 ten years after graduation, with a 760.0 loan repayment rate. This represents positive value given the $43,520 tuition cost.
Use our Monmouth 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 $43,520 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 $187,577 total cost by $144,505. To fully fund college, you'd need to save at least $435 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $187,577 total cost by $79,896. To fully fund college, you'd need to save at least $435 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $187,577 total cost for 4 years at Monmouth College with $27,784 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $187,577 total cost for 4 years at Monmouth College with $243,144 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $187,577 total cost for 4 years at Monmouth College with $889,226 extra for additional expenses.