Florida Agricultural and Mechanical University 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 Florida Agricultural and Mechanical University? Our Florida Agricultural and Mechanical University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $5,785 for in-state students and $17,725 for out-of-state students, plus a 21.1% admission rate, strategic financial planning is essential for your Florida Agricultural and Mechanical University college fund.
About Florida Agricultural and Mechanical University
Florida Agricultural and Mechanical University is a highly selective institution with 7,516 students. The college maintains high academic standards with average SAT scores of 1090 and ACT scores of 22.0. Understanding these costs upfront allows families to create an effective savings strategy for their Florida Agricultural and Mechanical University education fund.
Current Florida Agricultural and Mechanical University Costs
- In-State Tuition: $5,785 per year
- Out-of-State Tuition: $17,725 per year
- Total Students: 7,516
- Admission Rate: 21.1%
Use our calculator above to determine your personalized savings plan for Florida Agricultural and Mechanical University.
Smart Savings Strategies for Florida Agricultural and Mechanical University
Given the affordable tuition costs at Florida Agricultural and Mechanical 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 Florida Agricultural and Mechanical University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Florida Agricultural and Mechanical University fund
4. Investment Growth
With Florida Agricultural and Mechanical University's tuition costs, consider growth-oriented investments for long-term savings
Florida Agricultural and Mechanical University Graduate Outcomes
- Median Earnings (10 years): $44,349
- Loan Repayment Rate: 5672.0
- Value Rating: Good
These outcomes show positive return on investment, making your Florida Agricultural and Mechanical University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Florida Agricultural and Mechanical University costs $5,785 per year for in-state students and $17,725 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 Florida Agricultural and Mechanical University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $5,785 annual cost. Starting when your child is born gives you 18 years to save.
Florida Agricultural and Mechanical University has a 21.1% admission rate, making it highly competitive. With 7,516 total students and average test scores of 1090 SAT and 22.0 ACT, preparation and planning are important.
Florida Agricultural and Mechanical University graduates earn a median salary of $44,349 ten years after graduation, with a 5672.0 loan repayment rate. This represents positive value given the $5,785 tuition cost.
Use our Florida Agricultural and Mechanical 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 $5,785 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $24,934 total cost for 4 years at Florida Agricultural and Mechanical University with $18,138 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $24,934 total cost for 4 years at Florida Agricultural and Mechanical University with $82,746 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $24,934 total cost for 4 years at Florida Agricultural and Mechanical University with $190,426 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $24,934 total cost for 4 years at Florida Agricultural and Mechanical University with $405,787 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $24,934 total cost for 4 years at Florida Agricultural and Mechanical University with $1,051,868 extra for additional expenses.