Embry-Riddle Aeronautical University-Daytona Beach Savings Calculator - Plan Your College Fund
You will not meet your savings goal
You need to make a monthly contribution of to meet your goal.
You will exceed your savings goal
You only need to make a monthly contribution of to meet your goal.
Balance and Expenses by Years
Total Costs by Child
Planning to save for Embry-Riddle Aeronautical University-Daytona Beach? Our Embry-Riddle Aeronautical University-Daytona Beach savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $42,304 for in-state students and $42,304 for out-of-state students, plus a 66.3% admission rate, strategic financial planning is essential for your Embry-Riddle Aeronautical University-Daytona Beach college fund.
About Embry-Riddle Aeronautical University-Daytona Beach
Embry-Riddle Aeronautical University-Daytona Beach is a highly selective institution with 7,535 students. The college maintains high academic standards with average SAT scores of 1245 and ACT scores of 27.0. Understanding these costs upfront allows families to create an effective savings strategy for their Embry-Riddle Aeronautical University-Daytona Beach education fund.
Current Embry-Riddle Aeronautical University-Daytona Beach Costs
- In-State Tuition: $42,304 per year
- Out-of-State Tuition: $42,304 per year
- Total Students: 7,535
- Admission Rate: 66.3%
Use our calculator above to determine your personalized savings plan for Embry-Riddle Aeronautical University-Daytona Beach.
Smart Savings Strategies for Embry-Riddle Aeronautical University-Daytona Beach
Given the premium cost tuition costs at Embry-Riddle Aeronautical University-Daytona Beach, 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 Embry-Riddle Aeronautical University-Daytona Beach planning
3. Automatic Savings
Set up monthly transfers to consistently build your Embry-Riddle Aeronautical University-Daytona Beach fund
4. Investment Growth
With Embry-Riddle Aeronautical University-Daytona Beach's tuition costs, consider growth-oriented investments for long-term savings
Embry-Riddle Aeronautical University-Daytona Beach Graduate Outcomes
- Median Earnings (10 years): $84,131
- Loan Repayment Rate: 4424.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Embry-Riddle Aeronautical University-Daytona Beach savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Embry-Riddle Aeronautical University-Daytona Beach costs $42,304 per year for in-state students and $42,304 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 Embry-Riddle Aeronautical University-Daytona Beach is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $42,304 annual cost. Starting when your child is born gives you 18 years to save.
Embry-Riddle Aeronautical University-Daytona Beach has a 66.3% admission rate, making it highly competitive. With 7,535 total students and average test scores of 1245 SAT and 27.0 ACT, preparation and planning are important.
Embry-Riddle Aeronautical University-Daytona Beach graduates earn a median salary of $84,131 ten years after graduation, with a 4424.0 loan repayment rate. This represents positive value given the $42,304 tuition cost.
Use our Embry-Riddle Aeronautical University-Daytona Beach 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 $42,304 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 $182,336 total cost by $139,263. To fully fund college, you'd need to save at least $423 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $182,336 total cost by $74,655. To fully fund college, you'd need to save at least $423 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $182,336 total cost for 4 years at Embry-Riddle Aeronautical University-Daytona Beach with $33,025 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $182,336 total cost for 4 years at Embry-Riddle Aeronautical University-Daytona Beach with $248,385 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $182,336 total cost for 4 years at Embry-Riddle Aeronautical University-Daytona Beach with $894,467 extra for additional expenses.