Oberlin College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Oberlin College? Our Oberlin College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $64,646 for in-state students and $64,646 for out-of-state students, plus a 33.0% admission rate, strategic financial planning is essential for your Oberlin College college fund.
About Oberlin College
Oberlin College is a highly selective institution with 2,950 students. The college maintains high academic standards with average SAT scores of 1440 and ACT scores of 31.5. Understanding these costs upfront allows families to create an effective savings strategy for their Oberlin College education fund.
Current Oberlin College Costs
- In-State Tuition: $64,646 per year
- Out-of-State Tuition: $64,646 per year
- Total Students: 2,950
- Admission Rate: 33.0%
Use our calculator above to determine your personalized savings plan for Oberlin College.
Smart Savings Strategies for Oberlin College
Given the premium cost tuition costs at Oberlin 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 Oberlin College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Oberlin College fund
4. Investment Growth
With Oberlin College's tuition costs, consider growth-oriented investments for long-term savings
Oberlin College Graduate Outcomes
- Median Earnings (10 years): $58,343
- Loan Repayment Rate: 733.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Oberlin College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Oberlin College costs $64,646 per year for in-state students and $64,646 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 Oberlin College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $64,646 annual cost. Starting when your child is born gives you 18 years to save.
Oberlin College has a 33.0% admission rate, making it highly competitive. With 2,950 total students and average test scores of 1440 SAT and 31.5 ACT, preparation and planning are important.
Oberlin College graduates earn a median salary of $58,343 ten years after graduation, with a 733.0 loan repayment rate. This represents positive value given the $64,646 tuition cost.
Use our Oberlin 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 $64,646 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 $278,632 total cost by $235,560. To fully fund college, you'd need to save at least $647 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $278,632 total cost by $170,952. To fully fund college, you'd need to save at least $647 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $278,632 total cost by $63,272. To fully fund college, you'd need to save at least $647 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $278,632 total cost for 4 years at Oberlin College with $152,089 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $278,632 total cost for 4 years at Oberlin College with $798,170 extra for additional expenses.