Eastern Illinois University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Eastern Illinois University? Our Eastern Illinois University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $13,403 for in-state students and $15,879 for out-of-state students, plus a 67.8% admission rate, strategic financial planning is essential for your Eastern Illinois University college fund.
About Eastern Illinois University
Eastern Illinois University is a highly selective institution with 4,398 students. The college maintains high academic standards with average SAT scores of 1000 and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their Eastern Illinois University education fund.
Current Eastern Illinois University Costs
- In-State Tuition: $13,403 per year
- Out-of-State Tuition: $15,879 per year
- Total Students: 4,398
- Admission Rate: 67.8%
Use our calculator above to determine your personalized savings plan for Eastern Illinois University.
Smart Savings Strategies for Eastern Illinois University
Given the affordable tuition costs at Eastern Illinois 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 Eastern Illinois University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Eastern Illinois University fund
4. Investment Growth
With Eastern Illinois University's tuition costs, consider growth-oriented investments for long-term savings
Eastern Illinois University Graduate Outcomes
- Median Earnings (10 years): $51,989
- Loan Repayment Rate: 4767.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Eastern Illinois University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Eastern Illinois University costs $13,403 per year for in-state students and $15,879 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 Eastern Illinois University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $13,403 annual cost. Starting when your child is born gives you 18 years to save.
Eastern Illinois University has a 67.8% admission rate, making it highly competitive. With 4,398 total students and average test scores of 1000 SAT and N/A ACT, preparation and planning are important.
Eastern Illinois University graduates earn a median salary of $51,989 ten years after graduation, with a 4767.0 loan repayment rate. This represents positive value given the $13,403 tuition cost.
Use our Eastern Illinois 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 $13,403 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 $57,769 total cost by $14,697. To fully fund college, you'd need to save at least $134 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $57,769 total cost for 4 years at Eastern Illinois University with $49,912 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $57,769 total cost for 4 years at Eastern Illinois University with $157,592 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $57,769 total cost for 4 years at Eastern Illinois University with $372,952 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $57,769 total cost for 4 years at Eastern Illinois University with $1,019,034 extra for additional expenses.