Fairmont State University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Fairmont State University? Our Fairmont State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $8,454 for in-state students and $18,372 for out-of-state students, plus a 99.2% admission rate, strategic financial planning is essential for your Fairmont State University college fund.
About Fairmont State University
Fairmont State University is a highly selective institution with 2,690 students. The college maintains high academic standards with average SAT scores of 935 and ACT scores of 20.0. Understanding these costs upfront allows families to create an effective savings strategy for their Fairmont State University education fund.
Current Fairmont State University Costs
- In-State Tuition: $8,454 per year
- Out-of-State Tuition: $18,372 per year
- Total Students: 2,690
- Admission Rate: 99.2%
Use our calculator above to determine your personalized savings plan for Fairmont State University.
Smart Savings Strategies for Fairmont State University
Given the affordable tuition costs at Fairmont State 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 Fairmont State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Fairmont State University fund
4. Investment Growth
With Fairmont State University's tuition costs, consider growth-oriented investments for long-term savings
Fairmont State University Graduate Outcomes
- Median Earnings (10 years): $46,857
- Loan Repayment Rate: 2619.0
- Value Rating: Good
These outcomes show positive return on investment, making your Fairmont State University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Fairmont State University costs $8,454 per year for in-state students and $18,372 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 Fairmont State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $8,454 annual cost. Starting when your child is born gives you 18 years to save.
Fairmont State University has a 99.2% admission rate, making it highly competitive. With 2,690 total students and average test scores of 935 SAT and 20.0 ACT, preparation and planning are important.
Fairmont State University graduates earn a median salary of $46,857 ten years after graduation, with a 2619.0 loan repayment rate. This represents positive value given the $8,454 tuition cost.
Use our Fairmont State 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 $8,454 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $36,438 total cost for 4 years at Fairmont State University with $6,634 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $36,438 total cost for 4 years at Fairmont State University with $71,242 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $36,438 total cost for 4 years at Fairmont State University with $178,923 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $36,438 total cost for 4 years at Fairmont State University with $394,283 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $36,438 total cost for 4 years at Fairmont State University with $1,040,365 extra for additional expenses.