Randolph College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Randolph College? Our Randolph College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $29,010 for in-state students and $29,010 for out-of-state students, plus a 94.9% admission rate, strategic financial planning is essential for your Randolph College college fund.
About Randolph College
Randolph College is a highly selective institution with 520 students. The college maintains high academic standards with average SAT scores of 1085 and ACT scores of 22.0. Understanding these costs upfront allows families to create an effective savings strategy for their Randolph College education fund.
Current Randolph College Costs
- In-State Tuition: $29,010 per year
- Out-of-State Tuition: $29,010 per year
- Total Students: 520
- Admission Rate: 94.9%
Use our calculator above to determine your personalized savings plan for Randolph College.
Smart Savings Strategies for Randolph College
Given the higher cost tuition costs at Randolph 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 Randolph College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Randolph College fund
4. Investment Growth
With Randolph College's tuition costs, consider growth-oriented investments for long-term savings
Randolph College Graduate Outcomes
- Median Earnings (10 years): $53,409
- Loan Repayment Rate: 273.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Randolph College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Randolph College costs $29,010 per year for in-state students and $29,010 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 Randolph College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $29,010 annual cost. Starting when your child is born gives you 18 years to save.
Randolph College has a 94.9% admission rate, making it highly competitive. With 520 total students and average test scores of 1085 SAT and 22.0 ACT, preparation and planning are important.
Randolph College graduates earn a median salary of $53,409 ten years after graduation, with a 273.0 loan repayment rate. This represents positive value given the $29,010 tuition cost.
Use our Randolph 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 $29,010 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 $125,037 total cost by $81,965. To fully fund college, you'd need to save at least $290 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $125,037 total cost by $17,356. To fully fund college, you'd need to save at least $290 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $125,037 total cost for 4 years at Randolph College with $90,324 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $125,037 total cost for 4 years at Randolph College with $305,684 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $125,037 total cost for 4 years at Randolph College with $951,766 extra for additional expenses.