Alabama A & M University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Alabama A & M University? Our Alabama A & M University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $10,024 for in-state students and $18,634 for out-of-state students, plus a 66.2% admission rate, strategic financial planning is essential for your Alabama A & M University college fund.
About Alabama A & M University
Alabama A & M University is a highly selective institution with 5,726 students. The college maintains high academic standards with average SAT scores of 935 and ACT scores of 16.5. Understanding these costs upfront allows families to create an effective savings strategy for their Alabama A & M University education fund.
Current Alabama A & M University Costs
- In-State Tuition: $10,024 per year
- Out-of-State Tuition: $18,634 per year
- Total Students: 5,726
- Admission Rate: 66.2%
Use our calculator above to determine your personalized savings plan for Alabama A & M University.
Smart Savings Strategies for Alabama A & M University
Given the affordable tuition costs at Alabama A & M 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 Alabama A & M University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Alabama A & M University fund
4. Investment Growth
With Alabama A & M University's tuition costs, consider growth-oriented investments for long-term savings
Alabama A & M University Graduate Outcomes
- Median Earnings (10 years): $40,628
- Loan Repayment Rate: 2773.0
- Value Rating: Good
These outcomes show positive return on investment, making your Alabama A & M University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Alabama A & M University costs $10,024 per year for in-state students and $18,634 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 Alabama A & M University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $10,024 annual cost. Starting when your child is born gives you 18 years to save.
Alabama A & M University has a 66.2% admission rate, making it highly competitive. With 5,726 total students and average test scores of 935 SAT and 16.5 ACT, preparation and planning are important.
Alabama A & M University graduates earn a median salary of $40,628 ten years after graduation, with a 2773.0 loan repayment rate. This represents positive value given the $10,024 tuition cost.
Use our Alabama A & M 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 $10,024 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 $43,205 total cost by $133. To fully fund college, you'd need to save at least $100 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $43,205 total cost for 4 years at Alabama A & M University with $64,476 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $43,205 total cost for 4 years at Alabama A & M University with $172,156 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $43,205 total cost for 4 years at Alabama A & M University with $387,516 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $43,205 total cost for 4 years at Alabama A & M University with $1,033,598 extra for additional expenses.