Ball 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 Ball State University? Our Ball State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $10,758 for in-state students and $28,766 for out-of-state students, plus a 71.6% admission rate, strategic financial planning is essential for your Ball State University college fund.
About Ball State University
Ball State University is a highly selective institution with 13,770 students. The college maintains high academic standards with average SAT scores of 1165 and ACT scores of 27.5. Understanding these costs upfront allows families to create an effective savings strategy for their Ball State University education fund.
Current Ball State University Costs
- In-State Tuition: $10,758 per year
- Out-of-State Tuition: $28,766 per year
- Total Students: 13,770
- Admission Rate: 71.6%
Use our calculator above to determine your personalized savings plan for Ball State University.
Smart Savings Strategies for Ball State University
Given the affordable tuition costs at Ball 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 Ball State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Ball State University fund
4. Investment Growth
With Ball State University's tuition costs, consider growth-oriented investments for long-term savings
Ball State University Graduate Outcomes
- Median Earnings (10 years): $51,833
- Loan Repayment Rate: 7622.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Ball State University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Ball State University costs $10,758 per year for in-state students and $28,766 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 Ball State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $10,758 annual cost. Starting when your child is born gives you 18 years to save.
Ball State University has a 71.6% admission rate, making it highly competitive. With 13,770 total students and average test scores of 1165 SAT and 27.5 ACT, preparation and planning are important.
Ball State University graduates earn a median salary of $51,833 ten years after graduation, with a 7622.0 loan repayment rate. This represents positive value given the $10,758 tuition cost.
Use our Ball 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 $10,758 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 $46,368 total cost by $3,296. To fully fund college, you'd need to save at least $108 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $46,368 total cost for 4 years at Ball State University with $61,312 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $46,368 total cost for 4 years at Ball State University with $168,992 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $46,368 total cost for 4 years at Ball State University with $384,353 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $46,368 total cost for 4 years at Ball State University with $1,030,434 extra for additional expenses.