St Luke'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 St Luke's College? Our St Luke's College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $20,940 for in-state students and $20,940 for out-of-state students, plus a 44.4% admission rate, strategic financial planning is essential for your St Luke's College college fund.
About St Luke's College
St Luke's College is a highly selective institution with 192 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of 17.5. Understanding these costs upfront allows families to create an effective savings strategy for their St Luke's College education fund.
Current St Luke's College Costs
- In-State Tuition: $20,940 per year
- Out-of-State Tuition: $20,940 per year
- Total Students: 192
- Admission Rate: 44.4%
Use our calculator above to determine your personalized savings plan for St Luke's College.
Smart Savings Strategies for St Luke's College
Given the moderate cost tuition costs at St Luke'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 St Luke's College planning
3. Automatic Savings
Set up monthly transfers to consistently build your St Luke's College fund
4. Investment Growth
With St Luke's College's tuition costs, consider growth-oriented investments for long-term savings
St Luke's College Graduate Outcomes
- Median Earnings (10 years): $61,033
- Loan Repayment Rate: 130.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your St Luke's College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
St Luke's College costs $20,940 per year for in-state students and $20,940 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 St Luke's College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $20,940 annual cost. Starting when your child is born gives you 18 years to save.
St Luke's College has a 44.4% admission rate, making it highly competitive. With 192 total students and average test scores of N/A SAT and 17.5 ACT, preparation and planning are important.
St Luke's College graduates earn a median salary of $61,033 ten years after graduation, with a 130.0 loan repayment rate. This represents positive value given the $20,940 tuition cost.
Use our St Luke'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 $20,940 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 $90,254 total cost by $47,182. To fully fund college, you'd need to save at least $210 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $90,254 total cost for 4 years at St Luke's College with $17,426 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $90,254 total cost for 4 years at St Luke's College with $125,106 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $90,254 total cost for 4 years at St Luke's College with $340,467 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $90,254 total cost for 4 years at St Luke's College with $986,549 extra for additional expenses.