Birmingham-Southern College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Birmingham-Southern College? Our Birmingham-Southern College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $22,750 for in-state students and $22,750 for out-of-state students, plus a 51.9% admission rate, strategic financial planning is essential for your Birmingham-Southern College college fund.
About Birmingham-Southern College
Birmingham-Southern College is a highly selective institution with 713 students. The college maintains high academic standards with average SAT scores of 1245 and ACT scores of 24.0. Understanding these costs upfront allows families to create an effective savings strategy for their Birmingham-Southern College education fund.
Current Birmingham-Southern College Costs
- In-State Tuition: $22,750 per year
- Out-of-State Tuition: $22,750 per year
- Total Students: 713
- Admission Rate: 51.9%
Use our calculator above to determine your personalized savings plan for Birmingham-Southern College.
Smart Savings Strategies for Birmingham-Southern College
Given the moderate cost tuition costs at Birmingham-Southern College, 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 Birmingham-Southern College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Birmingham-Southern College fund
4. Investment Growth
With Birmingham-Southern College's tuition costs, consider growth-oriented investments for long-term savings
Birmingham-Southern College Graduate Outcomes
- Median Earnings (10 years): $59,481
- Loan Repayment Rate: 459.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Birmingham-Southern College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Birmingham-Southern College costs $22,750 per year for in-state students and $22,750 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 Birmingham-Southern College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $22,750 annual cost. Starting when your child is born gives you 18 years to save.
Birmingham-Southern College has a 51.9% admission rate, making it highly competitive. With 713 total students and average test scores of 1245 SAT and 24.0 ACT, preparation and planning are important.
Birmingham-Southern College graduates earn a median salary of $59,481 ten years after graduation, with a 459.0 loan repayment rate. This represents positive value given the $22,750 tuition cost.
Use our Birmingham-Southern College 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 $22,750 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 $98,055 total cost by $54,983. To fully fund college, you'd need to save at least $228 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $98,055 total cost for 4 years at Birmingham-Southern College with $9,625 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $98,055 total cost for 4 years at Birmingham-Southern College with $117,305 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $98,055 total cost for 4 years at Birmingham-Southern College with $332,666 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $98,055 total cost for 4 years at Birmingham-Southern College with $978,747 extra for additional expenses.