Alcorn 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 Alcorn State University? Our Alcorn State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $8,549 for in-state students and $8,549 for out-of-state students, plus a 24.7% admission rate, strategic financial planning is essential for your Alcorn State University college fund.
About Alcorn State University
Alcorn State University is a highly selective institution with 2,290 students. The college maintains high academic standards with average SAT scores of 924 and ACT scores of 19.5. Understanding these costs upfront allows families to create an effective savings strategy for their Alcorn State University education fund.
Current Alcorn State University Costs
- In-State Tuition: $8,549 per year
- Out-of-State Tuition: $8,549 per year
- Total Students: 2,290
- Admission Rate: 24.7%
Use our calculator above to determine your personalized savings plan for Alcorn State University.
Smart Savings Strategies for Alcorn State University
Given the affordable tuition costs at Alcorn 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 Alcorn State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Alcorn State University fund
4. Investment Growth
With Alcorn State University's tuition costs, consider growth-oriented investments for long-term savings
Alcorn State University Graduate Outcomes
- Median Earnings (10 years): $36,421
- Loan Repayment Rate: 2121.0
- Value Rating: Fair
These outcomes show concerning return on investment, making your Alcorn State University savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Alcorn State University costs $8,549 per year for in-state students and $8,549 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 Alcorn State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $8,549 annual cost. Starting when your child is born gives you 18 years to save.
Alcorn State University has a 24.7% admission rate, making it highly competitive. With 2,290 total students and average test scores of 924 SAT and 19.5 ACT, preparation and planning are important.
Alcorn State University graduates earn a median salary of $36,421 ten years after graduation, with a 2121.0 loan repayment rate. This represents concerning value given the $8,549 tuition cost.
Use our Alcorn 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 $8,549 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $36,847 total cost for 4 years at Alcorn State University with $6,225 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $36,847 total cost for 4 years at Alcorn State University with $70,833 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $36,847 total cost for 4 years at Alcorn State University with $178,513 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $36,847 total cost for 4 years at Alcorn State University with $393,874 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $36,847 total cost for 4 years at Alcorn State University with $1,039,955 extra for additional expenses.