Alfred University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Alfred University? Our Alfred University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $39,530 for in-state students and $39,530 for out-of-state students, plus a 48.3% admission rate, strategic financial planning is essential for your Alfred University college fund.
About Alfred University
Alfred University is a highly selective institution with 1,401 students. The college maintains high academic standards with average SAT scores of 1190 and ACT scores of 27.5. Understanding these costs upfront allows families to create an effective savings strategy for their Alfred University education fund.
Current Alfred University Costs
- In-State Tuition: $39,530 per year
- Out-of-State Tuition: $39,530 per year
- Total Students: 1,401
- Admission Rate: 48.3%
Use our calculator above to determine your personalized savings plan for Alfred University.
Smart Savings Strategies for Alfred University
Given the premium cost tuition costs at Alfred 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 Alfred University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Alfred University fund
4. Investment Growth
With Alfred University's tuition costs, consider growth-oriented investments for long-term savings
Alfred University Graduate Outcomes
- Median Earnings (10 years): $54,897
- Loan Repayment Rate: 1021.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Alfred University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Alfred University costs $39,530 per year for in-state students and $39,530 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 Alfred University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $39,530 annual cost. Starting when your child is born gives you 18 years to save.
Alfred University has a 48.3% admission rate, making it highly competitive. With 1,401 total students and average test scores of 1190 SAT and 27.5 ACT, preparation and planning are important.
Alfred University graduates earn a median salary of $54,897 ten years after graduation, with a 1021.0 loan repayment rate. This represents positive value given the $39,530 tuition cost.
Use our Alfred 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 $39,530 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 $170,379 total cost by $127,307. To fully fund college, you'd need to save at least $396 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $170,379 total cost by $62,699. To fully fund college, you'd need to save at least $396 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $170,379 total cost for 4 years at Alfred University with $44,981 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $170,379 total cost for 4 years at Alfred University with $260,342 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $170,379 total cost for 4 years at Alfred University with $906,423 extra for additional expenses.