Binghamton University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Binghamton University? Our Binghamton University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $10,363 for in-state students and $29,453 for out-of-state students, plus a 37.7% admission rate, strategic financial planning is essential for your Binghamton University college fund.
About Binghamton University
Binghamton University is a highly selective institution with 14,401 students. The college maintains high academic standards with average SAT scores of 1405 and ACT scores of 31.5. Understanding these costs upfront allows families to create an effective savings strategy for their Binghamton University education fund.
Current Binghamton University Costs
- In-State Tuition: $10,363 per year
- Out-of-State Tuition: $29,453 per year
- Total Students: 14,401
- Admission Rate: 37.7%
Use our calculator above to determine your personalized savings plan for Binghamton University.
Smart Savings Strategies for Binghamton University
Given the affordable tuition costs at Binghamton 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 Binghamton University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Binghamton University fund
4. Investment Growth
With Binghamton University's tuition costs, consider growth-oriented investments for long-term savings
Binghamton University Graduate Outcomes
- Median Earnings (10 years): $80,596
- Loan Repayment Rate: 4080.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Binghamton University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Binghamton University costs $10,363 per year for in-state students and $29,453 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 Binghamton University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $10,363 annual cost. Starting when your child is born gives you 18 years to save.
Binghamton University has a 37.7% admission rate, making it highly competitive. With 14,401 total students and average test scores of 1405 SAT and 31.5 ACT, preparation and planning are important.
Binghamton University graduates earn a median salary of $80,596 ten years after graduation, with a 4080.0 loan repayment rate. This represents positive value given the $10,363 tuition cost.
Use our Binghamton 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 $10,363 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 $44,666 total cost by $1,594. To fully fund college, you'd need to save at least $104 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $44,666 total cost for 4 years at Binghamton University with $63,014 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $44,666 total cost for 4 years at Binghamton University with $170,695 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $44,666 total cost for 4 years at Binghamton University with $386,055 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $44,666 total cost for 4 years at Binghamton University with $1,032,137 extra for additional expenses.