Carson-Newman University Savings Calculator - Plan Your College Fund
You will not meet your savings goal
You need to make a monthly contribution of to meet your goal.
You will exceed your savings goal
You only need to make a monthly contribution of to meet your goal.
Balance and Expenses by Years
Total Costs by Child
Planning to save for Carson-Newman University? Our Carson-Newman University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $34,700 for in-state students and $34,700 for out-of-state students, plus a 68.3% admission rate, strategic financial planning is essential for your Carson-Newman University college fund.
About Carson-Newman University
Carson-Newman University is a highly selective institution with 1,374 students. The college maintains high academic standards with average SAT scores of 1035 and ACT scores of 22.0. Understanding these costs upfront allows families to create an effective savings strategy for their Carson-Newman University education fund.
Current Carson-Newman University Costs
- In-State Tuition: $34,700 per year
- Out-of-State Tuition: $34,700 per year
- Total Students: 1,374
- Admission Rate: 68.3%
Use our calculator above to determine your personalized savings plan for Carson-Newman University.
Smart Savings Strategies for Carson-Newman University
Given the higher cost tuition costs at Carson-Newman 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 Carson-Newman University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Carson-Newman University fund
4. Investment Growth
With Carson-Newman University's tuition costs, consider growth-oriented investments for long-term savings
Carson-Newman University Graduate Outcomes
- Median Earnings (10 years): $48,382
- Loan Repayment Rate: 873.0
- Value Rating: Good
These outcomes show positive return on investment, making your Carson-Newman University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Carson-Newman University costs $34,700 per year for in-state students and $34,700 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 Carson-Newman University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $34,700 annual cost. Starting when your child is born gives you 18 years to save.
Carson-Newman University has a 68.3% admission rate, making it highly competitive. With 1,374 total students and average test scores of 1035 SAT and 22.0 ACT, preparation and planning are important.
Carson-Newman University graduates earn a median salary of $48,382 ten years after graduation, with a 873.0 loan repayment rate. This represents positive value given the $34,700 tuition cost.
Use our Carson-Newman 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 $34,700 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 $149,561 total cost by $106,489. To fully fund college, you'd need to save at least $347 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $149,561 total cost by $41,881. To fully fund college, you'd need to save at least $347 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $149,561 total cost for 4 years at Carson-Newman University with $65,799 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $149,561 total cost for 4 years at Carson-Newman University with $281,160 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $149,561 total cost for 4 years at Carson-Newman University with $927,241 extra for additional expenses.