Swarthmore College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Swarthmore College? Our Swarthmore College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $62,412 for in-state students and $62,412 for out-of-state students, plus a 6.9% admission rate, strategic financial planning is essential for your Swarthmore College college fund.
About Swarthmore College
Swarthmore College is a highly selective institution with 1,627 students. The college maintains high academic standards with average SAT scores of 1510 and ACT scores of 33.5. Understanding these costs upfront allows families to create an effective savings strategy for their Swarthmore College education fund.
Current Swarthmore College Costs
- In-State Tuition: $62,412 per year
- Out-of-State Tuition: $62,412 per year
- Total Students: 1,627
- Admission Rate: 6.9%
Use our calculator above to determine your personalized savings plan for Swarthmore College.
Smart Savings Strategies for Swarthmore College
Given the premium cost tuition costs at Swarthmore 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 Swarthmore College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Swarthmore College fund
4. Investment Growth
With Swarthmore College's tuition costs, consider growth-oriented investments for long-term savings
Swarthmore College Graduate Outcomes
- Median Earnings (10 years): $80,257
- Loan Repayment Rate: 258.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Swarthmore College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Swarthmore College costs $62,412 per year for in-state students and $62,412 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 Swarthmore College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $62,412 annual cost. Starting when your child is born gives you 18 years to save.
Swarthmore College has a 6.9% admission rate, making it highly competitive. With 1,627 total students and average test scores of 1510 SAT and 33.5 ACT, preparation and planning are important.
Swarthmore College graduates earn a median salary of $80,257 ten years after graduation, with a 258.0 loan repayment rate. This represents positive value given the $62,412 tuition cost.
Use our Swarthmore 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 $62,412 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 $269,004 total cost by $225,931. To fully fund college, you'd need to save at least $625 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $269,004 total cost by $161,323. To fully fund college, you'd need to save at least $625 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $269,004 total cost by $53,643. To fully fund college, you'd need to save at least $625 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $269,004 total cost for 4 years at Swarthmore College with $161,718 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $269,004 total cost for 4 years at Swarthmore College with $807,799 extra for additional expenses.