Charles R Drew University of Medicine and Science Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Charles R Drew University of Medicine and Science? Our Charles R Drew University of Medicine and Science savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $18,933 for in-state students and $18,933 for out-of-state students, plus a 38.8% admission rate, strategic financial planning is essential for your Charles R Drew University of Medicine and Science college fund.
About Charles R Drew University of Medicine and Science
Charles R Drew University of Medicine and Science is a highly selective institution with 233 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 Charles R Drew University of Medicine and Science education fund.
Current Charles R Drew University of Medicine and Science Costs
- In-State Tuition: $18,933 per year
- Out-of-State Tuition: $18,933 per year
- Total Students: 233
- Admission Rate: 38.8%
Use our calculator above to determine your personalized savings plan for Charles R Drew University of Medicine and Science.
Smart Savings Strategies for Charles R Drew University of Medicine and Science
Given the moderate cost tuition costs at Charles R Drew University of Medicine and Science, 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 Charles R Drew University of Medicine and Science planning
3. Automatic Savings
Set up monthly transfers to consistently build your Charles R Drew University of Medicine and Science fund
4. Investment Growth
With Charles R Drew University of Medicine and Science's tuition costs, consider growth-oriented investments for long-term savings
Charles R Drew University of Medicine and Science Graduate Outcomes
- Median Earnings (10 years): $83,438
- Loan Repayment Rate: 110.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Charles R Drew University of Medicine and Science savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Charles R Drew University of Medicine and Science costs $18,933 per year for in-state students and $18,933 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 Charles R Drew University of Medicine and Science is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $18,933 annual cost. Starting when your child is born gives you 18 years to save.
Charles R Drew University of Medicine and Science has a 38.8% admission rate, making it highly competitive. With 233 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Charles R Drew University of Medicine and Science graduates earn a median salary of $83,438 ten years after graduation, with a 110.0 loan repayment rate. This represents positive value given the $18,933 tuition cost.
Use our Charles R Drew University of Medicine and Science 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 $18,933 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 $81,604 total cost by $38,531. To fully fund college, you'd need to save at least $189 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $81,604 total cost for 4 years at Charles R Drew University of Medicine and Science with $26,077 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $81,604 total cost for 4 years at Charles R Drew University of Medicine and Science with $133,757 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $81,604 total cost for 4 years at Charles R Drew University of Medicine and Science with $349,117 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $81,604 total cost for 4 years at Charles R Drew University of Medicine and Science with $995,199 extra for additional expenses.