Reed College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Reed College? Our Reed College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $67,020 for in-state students and $67,020 for out-of-state students, plus a 27.2% admission rate, strategic financial planning is essential for your Reed College college fund.
About Reed College
Reed College is a highly selective institution with 1,407 students. The college maintains high academic standards with average SAT scores of 1405 and ACT scores of 31.5. Understanding these costs upfront allows families to create an effective savings strategy for their Reed College education fund.
Current Reed College Costs
- In-State Tuition: $67,020 per year
- Out-of-State Tuition: $67,020 per year
- Total Students: 1,407
- Admission Rate: 27.2%
Use our calculator above to determine your personalized savings plan for Reed College.
Smart Savings Strategies for Reed College
Given the premium cost tuition costs at Reed 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 Reed College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Reed College fund
4. Investment Growth
With Reed College's tuition costs, consider growth-oriented investments for long-term savings
Reed College Graduate Outcomes
- Median Earnings (10 years): $62,927
- Loan Repayment Rate: 336.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Reed College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Reed College costs $67,020 per year for in-state students and $67,020 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 Reed College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $67,020 annual cost. Starting when your child is born gives you 18 years to save.
Reed College has a 27.2% admission rate, making it highly competitive. With 1,407 total students and average test scores of 1405 SAT and 31.5 ACT, preparation and planning are important.
Reed College graduates earn a median salary of $62,927 ten years after graduation, with a 336.0 loan repayment rate. This represents positive value given the $67,020 tuition cost.
Use our Reed 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 $67,020 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 $288,865 total cost by $245,792. To fully fund college, you'd need to save at least $671 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $288,865 total cost by $181,184. To fully fund college, you'd need to save at least $671 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $288,865 total cost by $73,504. To fully fund college, you'd need to save at least $671 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $288,865 total cost for 4 years at Reed College with $141,856 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $288,865 total cost for 4 years at Reed College with $787,938 extra for additional expenses.