Mount Carmel College of Nursing Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Mount Carmel College of Nursing? Our Mount Carmel College of Nursing savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $13,890 for in-state students and $13,890 for out-of-state students, plus a 57.4% admission rate, strategic financial planning is essential for your Mount Carmel College of Nursing college fund.
About Mount Carmel College of Nursing
Mount Carmel College of Nursing is a highly selective institution with 573 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of 19.0. Understanding these costs upfront allows families to create an effective savings strategy for their Mount Carmel College of Nursing education fund.
Current Mount Carmel College of Nursing Costs
- In-State Tuition: $13,890 per year
- Out-of-State Tuition: $13,890 per year
- Total Students: 573
- Admission Rate: 57.4%
Use our calculator above to determine your personalized savings plan for Mount Carmel College of Nursing.
Smart Savings Strategies for Mount Carmel College of Nursing
Given the affordable tuition costs at Mount Carmel College of Nursing, 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 Mount Carmel College of Nursing planning
3. Automatic Savings
Set up monthly transfers to consistently build your Mount Carmel College of Nursing fund
4. Investment Growth
With Mount Carmel College of Nursing's tuition costs, consider growth-oriented investments for long-term savings
Mount Carmel College of Nursing Graduate Outcomes
- Median Earnings (10 years): $75,103
- Loan Repayment Rate: 490.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Mount Carmel College of Nursing savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Mount Carmel College of Nursing costs $13,890 per year for in-state students and $13,890 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 Mount Carmel College of Nursing is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $13,890 annual cost. Starting when your child is born gives you 18 years to save.
Mount Carmel College of Nursing has a 57.4% admission rate, making it highly competitive. With 573 total students and average test scores of N/A SAT and 19.0 ACT, preparation and planning are important.
Mount Carmel College of Nursing graduates earn a median salary of $75,103 ten years after graduation, with a 490.0 loan repayment rate. This represents positive value given the $13,890 tuition cost.
Use our Mount Carmel College of Nursing 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 $13,890 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 $59,868 total cost by $16,796. To fully fund college, you'd need to save at least $139 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $59,868 total cost for 4 years at Mount Carmel College of Nursing with $47,813 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $59,868 total cost for 4 years at Mount Carmel College of Nursing with $155,493 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $59,868 total cost for 4 years at Mount Carmel College of Nursing with $370,853 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $59,868 total cost for 4 years at Mount Carmel College of Nursing with $1,016,935 extra for additional expenses.