Farmingdale State College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Farmingdale State College? Our Farmingdale State College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $8,576 for in-state students and $18,486 for out-of-state students, plus a 69.1% admission rate, strategic financial planning is essential for your Farmingdale State College college fund.
About Farmingdale State College
Farmingdale State College is a highly selective institution with 9,117 students. The college maintains high academic standards with average SAT scores of 1110 and ACT scores of 23.0. Understanding these costs upfront allows families to create an effective savings strategy for their Farmingdale State College education fund.
Current Farmingdale State College Costs
- In-State Tuition: $8,576 per year
- Out-of-State Tuition: $18,486 per year
- Total Students: 9,117
- Admission Rate: 69.1%
Use our calculator above to determine your personalized savings plan for Farmingdale State College.
Smart Savings Strategies for Farmingdale State College
Given the affordable tuition costs at Farmingdale State College, 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 Farmingdale State College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Farmingdale State College fund
4. Investment Growth
With Farmingdale State College's tuition costs, consider growth-oriented investments for long-term savings
Farmingdale State College Graduate Outcomes
- Median Earnings (10 years): $69,781
- Loan Repayment Rate: 2212.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Farmingdale State College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Farmingdale State College costs $8,576 per year for in-state students and $18,486 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 Farmingdale State College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $8,576 annual cost. Starting when your child is born gives you 18 years to save.
Farmingdale State College has a 69.1% admission rate, making it highly competitive. With 9,117 total students and average test scores of 1110 SAT and 23.0 ACT, preparation and planning are important.
Farmingdale State College graduates earn a median salary of $69,781 ten years after graduation, with a 2212.0 loan repayment rate. This represents positive value given the $8,576 tuition cost.
Use our Farmingdale State College 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 $8,576 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $36,964 total cost for 4 years at Farmingdale State College with $6,108 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $36,964 total cost for 4 years at Farmingdale State College with $70,717 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $36,964 total cost for 4 years at Farmingdale State College with $178,397 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $36,964 total cost for 4 years at Farmingdale State College with $393,757 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $36,964 total cost for 4 years at Farmingdale State College with $1,039,839 extra for additional expenses.