Drew University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Drew University? Our Drew University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $45,360 for in-state students and $45,360 for out-of-state students, plus a 69.4% admission rate, strategic financial planning is essential for your Drew University college fund.
About Drew University
Drew University is a highly selective institution with 1,510 students. The college maintains high academic standards with average SAT scores of 1215 and ACT scores of 28.0. Understanding these costs upfront allows families to create an effective savings strategy for their Drew University education fund.
Current Drew University Costs
- In-State Tuition: $45,360 per year
- Out-of-State Tuition: $45,360 per year
- Total Students: 1,510
- Admission Rate: 69.4%
Use our calculator above to determine your personalized savings plan for Drew University.
Smart Savings Strategies for Drew University
Given the premium cost tuition costs at Drew 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 Drew University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Drew University fund
4. Investment Growth
With Drew University's tuition costs, consider growth-oriented investments for long-term savings
Drew University Graduate Outcomes
- Median Earnings (10 years): $63,646
- Loan Repayment Rate: 660.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Drew University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Drew University costs $45,360 per year for in-state students and $45,360 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 Drew University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $45,360 annual cost. Starting when your child is born gives you 18 years to save.
Drew University has a 69.4% admission rate, making it highly competitive. With 1,510 total students and average test scores of 1215 SAT and 28.0 ACT, preparation and planning are important.
Drew University graduates earn a median salary of $63,646 ten years after graduation, with a 660.0 loan repayment rate. This represents positive value given the $45,360 tuition cost.
Use our Drew 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 $45,360 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 $195,507 total cost by $152,435. To fully fund college, you'd need to save at least $454 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $195,507 total cost by $87,827. To fully fund college, you'd need to save at least $454 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $195,507 total cost for 4 years at Drew University with $19,853 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $195,507 total cost for 4 years at Drew University with $235,214 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $195,507 total cost for 4 years at Drew University with $881,295 extra for additional expenses.