Patrick Henry College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Patrick Henry College? Our Patrick Henry College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $28,425 for in-state students and $28,425 for out-of-state students, plus a 82.0% admission rate, strategic financial planning is essential for your Patrick Henry College college fund.
About Patrick Henry College
Patrick Henry College is a highly selective institution with 373 students. The college maintains high academic standards with average SAT scores of 1325 and ACT scores of 28.5. Understanding these costs upfront allows families to create an effective savings strategy for their Patrick Henry College education fund.
Current Patrick Henry College Costs
- In-State Tuition: $28,425 per year
- Out-of-State Tuition: $28,425 per year
- Total Students: 373
- Admission Rate: 82.0%
Use our calculator above to determine your personalized savings plan for Patrick Henry College.
Smart Savings Strategies for Patrick Henry College
Given the higher cost tuition costs at Patrick Henry 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 Patrick Henry College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Patrick Henry College fund
4. Investment Growth
With Patrick Henry College's tuition costs, consider growth-oriented investments for long-term savings
Patrick Henry College Graduate Outcomes
- Median Earnings (10 years): N/A
- Loan Repayment Rate: N/A
- Value Rating: Good
These outcomes show positive return on investment, making your Patrick Henry College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Patrick Henry College costs $28,425 per year for in-state students and $28,425 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 Patrick Henry College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $28,425 annual cost. Starting when your child is born gives you 18 years to save.
Patrick Henry College has a 82.0% admission rate, making it highly competitive. With 373 total students and average test scores of 1325 SAT and 28.5 ACT, preparation and planning are important.
Patrick Henry College graduates earn a median salary of N/A ten years after graduation, with a N/A loan repayment rate. This represents positive value given the $28,425 tuition cost.
Use our Patrick Henry 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 $28,425 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 $122,515 total cost by $79,443. To fully fund college, you'd need to save at least $284 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $122,515 total cost by $14,835. To fully fund college, you'd need to save at least $284 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $122,515 total cost for 4 years at Patrick Henry College with $92,845 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $122,515 total cost for 4 years at Patrick Henry College with $308,206 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $122,515 total cost for 4 years at Patrick Henry College with $954,287 extra for additional expenses.