Duke University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Duke University? Our Duke University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $65,805 for in-state students and $65,805 for out-of-state students, plus a 6.8% admission rate, strategic financial planning is essential for your Duke University college fund.
About Duke University
Duke University is a highly selective institution with 6,417 students. The college maintains high academic standards with average SAT scores of 1540 and ACT scores of 34.5. Understanding these costs upfront allows families to create an effective savings strategy for their Duke University education fund.
Current Duke University Costs
- In-State Tuition: $65,805 per year
- Out-of-State Tuition: $65,805 per year
- Total Students: 6,417
- Admission Rate: 6.8%
Use our calculator above to determine your personalized savings plan for Duke University.
Smart Savings Strategies for Duke University
Given the premium cost tuition costs at Duke 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 Duke University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Duke University fund
4. Investment Growth
With Duke University's tuition costs, consider growth-oriented investments for long-term savings
Duke University Graduate Outcomes
- Median Earnings (10 years): $97,800
- Loan Repayment Rate: 1241.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Duke University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Duke University costs $65,805 per year for in-state students and $65,805 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 Duke University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $65,805 annual cost. Starting when your child is born gives you 18 years to save.
Duke University has a 6.8% admission rate, making it highly competitive. With 6,417 total students and average test scores of 1540 SAT and 34.5 ACT, preparation and planning are important.
Duke University graduates earn a median salary of $97,800 ten years after graduation, with a 1241.0 loan repayment rate. This represents positive value given the $65,805 tuition cost.
Use our Duke 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 $65,805 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 $283,628 total cost by $240,556. To fully fund college, you'd need to save at least $658 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $283,628 total cost by $175,948. To fully fund college, you'd need to save at least $658 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $283,628 total cost by $68,267. To fully fund college, you'd need to save at least $658 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $283,628 total cost for 4 years at Duke University with $147,093 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $283,628 total cost for 4 years at Duke University with $793,175 extra for additional expenses.