Fordham University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Fordham University? Our Fordham University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $61,992 for in-state students and $61,992 for out-of-state students, plus a 56.3% admission rate, strategic financial planning is essential for your Fordham University college fund.
About Fordham University
Fordham University is a highly selective institution with 10,239 students. The college maintains high academic standards with average SAT scores of 1410 and ACT scores of 31.5. Understanding these costs upfront allows families to create an effective savings strategy for their Fordham University education fund.
Current Fordham University Costs
- In-State Tuition: $61,992 per year
- Out-of-State Tuition: $61,992 per year
- Total Students: 10,239
- Admission Rate: 56.3%
Use our calculator above to determine your personalized savings plan for Fordham University.
Smart Savings Strategies for Fordham University
Given the premium cost tuition costs at Fordham 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 Fordham University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Fordham University fund
4. Investment Growth
With Fordham University's tuition costs, consider growth-oriented investments for long-term savings
Fordham University Graduate Outcomes
- Median Earnings (10 years): $85,569
- Loan Repayment Rate: 2930.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Fordham University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Fordham University costs $61,992 per year for in-state students and $61,992 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 Fordham University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $61,992 annual cost. Starting when your child is born gives you 18 years to save.
Fordham University has a 56.3% admission rate, making it highly competitive. With 10,239 total students and average test scores of 1410 SAT and 31.5 ACT, preparation and planning are important.
Fordham University graduates earn a median salary of $85,569 ten years after graduation, with a 2930.0 loan repayment rate. This represents positive value given the $61,992 tuition cost.
Use our Fordham 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 $61,992 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 $267,193 total cost by $224,121. To fully fund college, you'd need to save at least $620 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $267,193 total cost by $159,513. To fully fund college, you'd need to save at least $620 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $267,193 total cost by $51,833. To fully fund college, you'd need to save at least $620 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $267,193 total cost for 4 years at Fordham University with $163,528 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $267,193 total cost for 4 years at Fordham University with $809,609 extra for additional expenses.