Smith College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Smith College? Our Smith College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $61,568 for in-state students and $61,568 for out-of-state students, plus a 19.7% admission rate, strategic financial planning is essential for your Smith College college fund.
About Smith College
Smith College is a highly selective institution with 2,501 students. The college maintains high academic standards with average SAT scores of 1474 and ACT scores of 33.0. Understanding these costs upfront allows families to create an effective savings strategy for their Smith College education fund.
Current Smith College Costs
- In-State Tuition: $61,568 per year
- Out-of-State Tuition: $61,568 per year
- Total Students: 2,501
- Admission Rate: 19.7%
Use our calculator above to determine your personalized savings plan for Smith College.
Smart Savings Strategies for Smith College
Given the premium cost tuition costs at Smith 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 Smith College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Smith College fund
4. Investment Growth
With Smith College's tuition costs, consider growth-oriented investments for long-term savings
Smith College Graduate Outcomes
- Median Earnings (10 years): $64,027
- Loan Repayment Rate: 896.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Smith College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Smith College costs $61,568 per year for in-state students and $61,568 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 Smith College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $61,568 annual cost. Starting when your child is born gives you 18 years to save.
Smith College has a 19.7% admission rate, making it highly competitive. With 2,501 total students and average test scores of 1474 SAT and 33.0 ACT, preparation and planning are important.
Smith College graduates earn a median salary of $64,027 ten years after graduation, with a 896.0 loan repayment rate. This represents positive value given the $61,568 tuition cost.
Use our Smith 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 $61,568 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 $265,366 total cost by $222,294. To fully fund college, you'd need to save at least $616 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $265,366 total cost by $157,686. To fully fund college, you'd need to save at least $616 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $265,366 total cost by $50,005. To fully fund college, you'd need to save at least $616 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $265,366 total cost for 4 years at Smith College with $165,355 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $265,366 total cost for 4 years at Smith College with $811,437 extra for additional expenses.