Boston University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Boston University? Our Boston University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $65,168 for in-state students and $65,168 for out-of-state students, plus a 10.9% admission rate, strategic financial planning is essential for your Boston University college fund.
About Boston University
Boston University is a highly selective institution with 17,850 students. The college maintains high academic standards with average SAT scores of 1460 and ACT scores of 33.0. Understanding these costs upfront allows families to create an effective savings strategy for their Boston University education fund.
Current Boston University Costs
- In-State Tuition: $65,168 per year
- Out-of-State Tuition: $65,168 per year
- Total Students: 17,850
- Admission Rate: 10.9%
Use our calculator above to determine your personalized savings plan for Boston University.
Smart Savings Strategies for Boston University
Given the premium cost tuition costs at Boston 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 Boston University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Boston University fund
4. Investment Growth
With Boston University's tuition costs, consider growth-oriented investments for long-term savings
Boston University Graduate Outcomes
- Median Earnings (10 years): $83,238
- Loan Repayment Rate: 4714.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Boston University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Boston University costs $65,168 per year for in-state students and $65,168 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 Boston University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $65,168 annual cost. Starting when your child is born gives you 18 years to save.
Boston University has a 10.9% admission rate, making it highly competitive. With 17,850 total students and average test scores of 1460 SAT and 33.0 ACT, preparation and planning are important.
Boston University graduates earn a median salary of $83,238 ten years after graduation, with a 4714.0 loan repayment rate. This represents positive value given the $65,168 tuition cost.
Use our Boston 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 $65,168 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 $280,882 total cost by $237,810. To fully fund college, you'd need to save at least $652 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $280,882 total cost by $173,202. To fully fund college, you'd need to save at least $652 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $280,882 total cost by $65,522. To fully fund college, you'd need to save at least $652 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $280,882 total cost for 4 years at Boston University with $149,839 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $280,882 total cost for 4 years at Boston University with $795,920 extra for additional expenses.