Washington and Lee University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Washington and Lee University? Our Washington and Lee University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $64,525 for in-state students and $64,525 for out-of-state students, plus a 17.4% admission rate, strategic financial planning is essential for your Washington and Lee University college fund.
About Washington and Lee University
Washington and Lee University is a highly selective institution with 1,884 students. The college maintains high academic standards with average SAT scores of 1470 and ACT scores of 33.5. Understanding these costs upfront allows families to create an effective savings strategy for their Washington and Lee University education fund.
Current Washington and Lee University Costs
- In-State Tuition: $64,525 per year
- Out-of-State Tuition: $64,525 per year
- Total Students: 1,884
- Admission Rate: 17.4%
Use our calculator above to determine your personalized savings plan for Washington and Lee University.
Smart Savings Strategies for Washington and Lee University
Given the premium cost tuition costs at Washington and Lee University, 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 Washington and Lee University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Washington and Lee University fund
4. Investment Growth
With Washington and Lee University's tuition costs, consider growth-oriented investments for long-term savings
Washington and Lee University Graduate Outcomes
- Median Earnings (10 years): $94,810
- Loan Repayment Rate: 232.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Washington and Lee University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Washington and Lee University costs $64,525 per year for in-state students and $64,525 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 Washington and Lee University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $64,525 annual cost. Starting when your child is born gives you 18 years to save.
Washington and Lee University has a 17.4% admission rate, making it highly competitive. With 1,884 total students and average test scores of 1470 SAT and 33.5 ACT, preparation and planning are important.
Washington and Lee University graduates earn a median salary of $94,810 ten years after graduation, with a 232.0 loan repayment rate. This represents positive value given the $64,525 tuition cost.
Use our Washington and Lee University 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 $64,525 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 $278,111 total cost by $235,039. To fully fund college, you'd need to save at least $646 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $278,111 total cost by $170,431. To fully fund college, you'd need to save at least $646 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $278,111 total cost by $62,750. To fully fund college, you'd need to save at least $646 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $278,111 total cost for 4 years at Washington and Lee University with $152,610 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $278,111 total cost for 4 years at Washington and Lee University with $798,692 extra for additional expenses.