Monroe College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Monroe College? Our Monroe College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $17,922 for in-state students and $17,922 for out-of-state students, plus a 65.9% admission rate, strategic financial planning is essential for your Monroe College college fund.
About Monroe College
Monroe College is a highly selective institution with 5,670 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 Monroe College education fund.
Current Monroe College Costs
- In-State Tuition: $17,922 per year
- Out-of-State Tuition: $17,922 per year
- Total Students: 5,670
- Admission Rate: 65.9%
Use our calculator above to determine your personalized savings plan for Monroe College.
Smart Savings Strategies for Monroe College
Given the moderate cost tuition costs at Monroe 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 Monroe College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Monroe College fund
4. Investment Growth
With Monroe College's tuition costs, consider growth-oriented investments for long-term savings
Monroe College Graduate Outcomes
- Median Earnings (10 years): $41,236
- Loan Repayment Rate: 5633.0
- Value Rating: Good
These outcomes show positive return on investment, making your Monroe College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Monroe College costs $17,922 per year for in-state students and $17,922 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 Monroe College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $17,922 annual cost. Starting when your child is born gives you 18 years to save.
Monroe College has a 65.9% admission rate, making it highly competitive. With 5,670 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Monroe College graduates earn a median salary of $41,236 ten years after graduation, with a 5633.0 loan repayment rate. This represents positive value given the $17,922 tuition cost.
Use our Monroe 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 $17,922 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 $77,246 total cost by $34,174. To fully fund college, you'd need to save at least $179 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $77,246 total cost for 4 years at Monroe College with $30,434 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $77,246 total cost for 4 years at Monroe College with $138,114 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $77,246 total cost for 4 years at Monroe College with $353,475 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $77,246 total cost for 4 years at Monroe College with $999,557 extra for additional expenses.