Randolph-Macon 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-Macon College? Our Randolph-Macon College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $48,002 for in-state students and $48,002 for out-of-state students, plus a 83.4% admission rate, strategic financial planning is essential for your Randolph-Macon College college fund.
About Randolph-Macon College
Randolph-Macon College is a highly selective institution with 1,489 students. The college maintains high academic standards with average SAT scores of 1125 and ACT scores of 25.5. Understanding these costs upfront allows families to create an effective savings strategy for their Randolph-Macon College education fund.
Current Randolph-Macon College Costs
- In-State Tuition: $48,002 per year
- Out-of-State Tuition: $48,002 per year
- Total Students: 1,489
- Admission Rate: 83.4%
Use our calculator above to determine your personalized savings plan for Randolph-Macon College.
Smart Savings Strategies for Randolph-Macon College
Given the premium cost tuition costs at Randolph-Macon 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-Macon College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Randolph-Macon College fund
4. Investment Growth
With Randolph-Macon College's tuition costs, consider growth-oriented investments for long-term savings
Randolph-Macon College Graduate Outcomes
- Median Earnings (10 years): $58,448
- Loan Repayment Rate: 561.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Randolph-Macon College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Randolph-Macon College costs $48,002 per year for in-state students and $48,002 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-Macon College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $48,002 annual cost. Starting when your child is born gives you 18 years to save.
Randolph-Macon College has a 83.4% admission rate, making it highly competitive. With 1,489 total students and average test scores of 1125 SAT and 25.5 ACT, preparation and planning are important.
Randolph-Macon College graduates earn a median salary of $58,448 ten years after graduation, with a 561.0 loan repayment rate. This represents positive value given the $48,002 tuition cost.
Use our Randolph-Macon 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 $48,002 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 $206,895 total cost by $163,823. To fully fund college, you'd need to save at least $480 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $206,895 total cost by $99,214. To fully fund college, you'd need to save at least $480 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $206,895 total cost for 4 years at Randolph-Macon College with $8,466 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $206,895 total cost for 4 years at Randolph-Macon College with $223,826 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $206,895 total cost for 4 years at Randolph-Macon College with $869,908 extra for additional expenses.