Averett University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Averett University? Our Averett University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $38,550 for in-state students and $38,550 for out-of-state students, plus a 47.8% admission rate, strategic financial planning is essential for your Averett University college fund.
About Averett University
Averett University is a highly selective institution with 1,162 students. The college maintains high academic standards with average SAT scores of 1075 and ACT scores of 19.5. Understanding these costs upfront allows families to create an effective savings strategy for their Averett University education fund.
Current Averett University Costs
- In-State Tuition: $38,550 per year
- Out-of-State Tuition: $38,550 per year
- Total Students: 1,162
- Admission Rate: 47.8%
Use our calculator above to determine your personalized savings plan for Averett University.
Smart Savings Strategies for Averett University
Given the premium cost tuition costs at Averett 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 Averett University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Averett University fund
4. Investment Growth
With Averett University's tuition costs, consider growth-oriented investments for long-term savings
Averett University Graduate Outcomes
- Median Earnings (10 years): $51,516
- Loan Repayment Rate: 1121.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Averett University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Averett University costs $38,550 per year for in-state students and $38,550 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 Averett University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $38,550 annual cost. Starting when your child is born gives you 18 years to save.
Averett University has a 47.8% admission rate, making it highly competitive. With 1,162 total students and average test scores of 1075 SAT and 19.5 ACT, preparation and planning are important.
Averett University graduates earn a median salary of $51,516 ten years after graduation, with a 1121.0 loan repayment rate. This represents positive value given the $38,550 tuition cost.
Use our Averett 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 $38,550 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 $166,155 total cost by $123,083. To fully fund college, you'd need to save at least $386 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $166,155 total cost by $58,475. To fully fund college, you'd need to save at least $386 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $166,155 total cost for 4 years at Averett University with $49,205 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $166,155 total cost for 4 years at Averett University with $264,566 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $166,155 total cost for 4 years at Averett University with $910,647 extra for additional expenses.