Ferris 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 Ferris State University? Our Ferris State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $13,630 for in-state students and $13,630 for out-of-state students, plus a 80.6% admission rate, strategic financial planning is essential for your Ferris State University college fund.
About Ferris State University
Ferris State University is a highly selective institution with 8,087 students. The college maintains high academic standards with average SAT scores of 1005 and ACT scores of 22.0. Understanding these costs upfront allows families to create an effective savings strategy for their Ferris State University education fund.
Current Ferris State University Costs
- In-State Tuition: $13,630 per year
- Out-of-State Tuition: $13,630 per year
- Total Students: 8,087
- Admission Rate: 80.6%
Use our calculator above to determine your personalized savings plan for Ferris State University.
Smart Savings Strategies for Ferris State University
Given the affordable tuition costs at Ferris 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 Ferris State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Ferris State University fund
4. Investment Growth
With Ferris State University's tuition costs, consider growth-oriented investments for long-term savings
Ferris State University Graduate Outcomes
- Median Earnings (10 years): $54,735
- Loan Repayment Rate: 7461.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Ferris State University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Ferris State University costs $13,630 per year for in-state students and $13,630 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 Ferris State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $13,630 annual cost. Starting when your child is born gives you 18 years to save.
Ferris State University has a 80.6% admission rate, making it highly competitive. With 8,087 total students and average test scores of 1005 SAT and 22.0 ACT, preparation and planning are important.
Ferris State University graduates earn a median salary of $54,735 ten years after graduation, with a 7461.0 loan repayment rate. This represents positive value given the $13,630 tuition cost.
Use our Ferris 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 $13,630 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 $58,747 total cost by $15,675. To fully fund college, you'd need to save at least $136 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $58,747 total cost for 4 years at Ferris State University with $48,933 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $58,747 total cost for 4 years at Ferris State University with $156,614 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $58,747 total cost for 4 years at Ferris State University with $371,974 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $58,747 total cost for 4 years at Ferris State University with $1,018,056 extra for additional expenses.