Saint Michael's College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Saint Michael's College? Our Saint Michael's College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $50,040 for in-state students and $50,040 for out-of-state students, plus a 91.9% admission rate, strategic financial planning is essential for your Saint Michael's College college fund.
About Saint Michael's College
Saint Michael's College is a highly selective institution with 1,157 students. The college maintains high academic standards with average SAT scores of 1230 and ACT scores of 26.0. Understanding these costs upfront allows families to create an effective savings strategy for their Saint Michael's College education fund.
Current Saint Michael's College Costs
- In-State Tuition: $50,040 per year
- Out-of-State Tuition: $50,040 per year
- Total Students: 1,157
- Admission Rate: 91.9%
Use our calculator above to determine your personalized savings plan for Saint Michael's College.
Smart Savings Strategies for Saint Michael's College
Given the premium cost tuition costs at Saint Michael's 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 Saint Michael's College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Saint Michael's College fund
4. Investment Growth
With Saint Michael's College's tuition costs, consider growth-oriented investments for long-term savings
Saint Michael's College Graduate Outcomes
- Median Earnings (10 years): $61,317
- Loan Repayment Rate: 808.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Saint Michael's College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Saint Michael's College costs $50,040 per year for in-state students and $50,040 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 Saint Michael's College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $50,040 annual cost. Starting when your child is born gives you 18 years to save.
Saint Michael's College has a 91.9% admission rate, making it highly competitive. With 1,157 total students and average test scores of 1230 SAT and 26.0 ACT, preparation and planning are important.
Saint Michael's College graduates earn a median salary of $61,317 ten years after graduation, with a 808.0 loan repayment rate. This represents positive value given the $50,040 tuition cost.
Use our Saint Michael's 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 $50,040 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 $215,679 total cost by $172,607. To fully fund college, you'd need to save at least $501 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $215,679 total cost by $107,998. To fully fund college, you'd need to save at least $501 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $215,679 total cost by $318. To fully fund college, you'd need to save at least $501 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $215,679 total cost for 4 years at Saint Michael's College with $215,042 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $215,679 total cost for 4 years at Saint Michael's College with $861,124 extra for additional expenses.