California State University-Monterey Bay Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for California State University-Monterey Bay? Our California State University-Monterey Bay savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $7,437 for in-state students and $19,317 for out-of-state students, plus a 94.8% admission rate, strategic financial planning is essential for your California State University-Monterey Bay college fund.
About California State University-Monterey Bay
California State University-Monterey Bay is a highly selective institution with 5,811 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their California State University-Monterey Bay education fund.
Current California State University-Monterey Bay Costs
- In-State Tuition: $7,437 per year
- Out-of-State Tuition: $19,317 per year
- Total Students: 5,811
- Admission Rate: 94.8%
Use our calculator above to determine your personalized savings plan for California State University-Monterey Bay.
Smart Savings Strategies for California State University-Monterey Bay
Given the affordable tuition costs at California State University-Monterey Bay, 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 California State University-Monterey Bay planning
3. Automatic Savings
Set up monthly transfers to consistently build your California State University-Monterey Bay fund
4. Investment Growth
With California State University-Monterey Bay's tuition costs, consider growth-oriented investments for long-term savings
California State University-Monterey Bay Graduate Outcomes
- Median Earnings (10 years): $59,247
- Loan Repayment Rate: 2165.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your California State University-Monterey Bay savings strategy more compelling from a financial perspective.
Frequently Asked Questions
California State University-Monterey Bay costs $7,437 per year for in-state students and $19,317 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 California State University-Monterey Bay is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $7,437 annual cost. Starting when your child is born gives you 18 years to save.
California State University-Monterey Bay has a 94.8% admission rate, making it highly competitive. With 5,811 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
California State University-Monterey Bay graduates earn a median salary of $59,247 ten years after graduation, with a 2165.0 loan repayment rate. This represents positive value given the $7,437 tuition cost.
Use our California State University-Monterey Bay 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 $7,437 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $32,054 total cost for 4 years at California State University-Monterey Bay with $11,018 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $32,054 total cost for 4 years at California State University-Monterey Bay with $75,626 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $32,054 total cost for 4 years at California State University-Monterey Bay with $183,306 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $32,054 total cost for 4 years at California State University-Monterey Bay with $398,667 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $32,054 total cost for 4 years at California State University-Monterey Bay with $1,044,748 extra for additional expenses.