Alabama State 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 State University? Our Alabama State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $11,248 for in-state students and $19,576 for out-of-state students, plus a 95.6% admission rate, strategic financial planning is essential for your Alabama State University college fund.
About Alabama State University
Alabama State University is a highly selective institution with 3,322 students. The college maintains high academic standards with average SAT scores of 967 and ACT scores of 18.0. Understanding these costs upfront allows families to create an effective savings strategy for their Alabama State University education fund.
Current Alabama State University Costs
- In-State Tuition: $11,248 per year
- Out-of-State Tuition: $19,576 per year
- Total Students: 3,322
- Admission Rate: 95.6%
Use our calculator above to determine your personalized savings plan for Alabama State University.
Smart Savings Strategies for Alabama State University
Given the affordable tuition costs at Alabama State 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 State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Alabama State University fund
4. Investment Growth
With Alabama State University's tuition costs, consider growth-oriented investments for long-term savings
Alabama State University Graduate Outcomes
- Median Earnings (10 years): $34,502
- Loan Repayment Rate: 3637.0
- Value Rating: Fair
These outcomes show concerning return on investment, making your Alabama State University savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Alabama State University costs $11,248 per year for in-state students and $19,576 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 State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $11,248 annual cost. Starting when your child is born gives you 18 years to save.
Alabama State University has a 95.6% admission rate, making it highly competitive. With 3,322 total students and average test scores of 967 SAT and 18.0 ACT, preparation and planning are important.
Alabama State University graduates earn a median salary of $34,502 ten years after graduation, with a 3637.0 loan repayment rate. This represents concerning value given the $11,248 tuition cost.
Use our Alabama State 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 $11,248 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 $48,480 total cost by $5,408. To fully fund college, you'd need to save at least $113 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $48,480 total cost for 4 years at Alabama State University with $59,200 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $48,480 total cost for 4 years at Alabama State University with $166,880 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $48,480 total cost for 4 years at Alabama State University with $382,241 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $48,480 total cost for 4 years at Alabama State University with $1,028,322 extra for additional expenses.