Central Methodist University-College of Liberal Arts and Sciences Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Central Methodist University-College of Liberal Arts and Sciences? Our Central Methodist University-College of Liberal Arts and Sciences savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $27,140 for in-state students and $27,140 for out-of-state students, plus a 87.9% admission rate, strategic financial planning is essential for your Central Methodist University-College of Liberal Arts and Sciences college fund.
About Central Methodist University-College of Liberal Arts and Sciences
Central Methodist University-College of Liberal Arts and Sciences is a highly selective institution with 1,015 students. The college maintains high academic standards with average SAT scores of 1089 and ACT scores of 21.5. Understanding these costs upfront allows families to create an effective savings strategy for their Central Methodist University-College of Liberal Arts and Sciences education fund.
Current Central Methodist University-College of Liberal Arts and Sciences Costs
- In-State Tuition: $27,140 per year
- Out-of-State Tuition: $27,140 per year
- Total Students: 1,015
- Admission Rate: 87.9%
Use our calculator above to determine your personalized savings plan for Central Methodist University-College of Liberal Arts and Sciences.
Smart Savings Strategies for Central Methodist University-College of Liberal Arts and Sciences
Given the higher cost tuition costs at Central Methodist University-College of Liberal Arts and Sciences, 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 Central Methodist University-College of Liberal Arts and Sciences planning
3. Automatic Savings
Set up monthly transfers to consistently build your Central Methodist University-College of Liberal Arts and Sciences fund
4. Investment Growth
With Central Methodist University-College of Liberal Arts and Sciences's tuition costs, consider growth-oriented investments for long-term savings
Central Methodist University-College of Liberal Arts and Sciences Graduate Outcomes
- Median Earnings (10 years): $48,991
- Loan Repayment Rate: 1647.0
- Value Rating: Good
These outcomes show positive return on investment, making your Central Methodist University-College of Liberal Arts and Sciences savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Central Methodist University-College of Liberal Arts and Sciences costs $27,140 per year for in-state students and $27,140 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 Central Methodist University-College of Liberal Arts and Sciences is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $27,140 annual cost. Starting when your child is born gives you 18 years to save.
Central Methodist University-College of Liberal Arts and Sciences has a 87.9% admission rate, making it highly competitive. With 1,015 total students and average test scores of 1089 SAT and 21.5 ACT, preparation and planning are important.
Central Methodist University-College of Liberal Arts and Sciences graduates earn a median salary of $48,991 ten years after graduation, with a 1647.0 loan repayment rate. This represents positive value given the $27,140 tuition cost.
Use our Central Methodist University-College of Liberal Arts and Sciences 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 $27,140 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 $116,977 total cost by $73,905. To fully fund college, you'd need to save at least $272 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $116,977 total cost by $9,297. To fully fund college, you'd need to save at least $272 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $116,977 total cost for 4 years at Central Methodist University-College of Liberal Arts and Sciences with $98,384 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $116,977 total cost for 4 years at Central Methodist University-College of Liberal Arts and Sciences with $313,744 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $116,977 total cost for 4 years at Central Methodist University-College of Liberal Arts and Sciences with $959,826 extra for additional expenses.