Fortis Institute-Birmingham Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Fortis Institute-Birmingham? Our Fortis Institute-Birmingham savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $14,561 for in-state students and $14,561 for out-of-state students, plus a N/A admission rate, strategic financial planning is essential for your Fortis Institute-Birmingham college fund.
About Fortis Institute-Birmingham
Fortis Institute-Birmingham is a selective institution with 339 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their Fortis Institute-Birmingham education fund.
Current Fortis Institute-Birmingham Costs
- In-State Tuition: $14,561 per year
- Out-of-State Tuition: $14,561 per year
- Total Students: 339
- Admission Rate: N/A
Use our calculator above to determine your personalized savings plan for Fortis Institute-Birmingham.
Smart Savings Strategies for Fortis Institute-Birmingham
Given the affordable tuition costs at Fortis Institute-Birmingham, 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 Fortis Institute-Birmingham planning
3. Automatic Savings
Set up monthly transfers to consistently build your Fortis Institute-Birmingham fund
4. Investment Growth
With Fortis Institute-Birmingham's tuition costs, consider growth-oriented investments for long-term savings
Fortis Institute-Birmingham Graduate Outcomes
- Median Earnings (10 years): $32,886
- Loan Repayment Rate: 2987.0
- Value Rating: Fair
These outcomes show concerning return on investment, making your Fortis Institute-Birmingham savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Fortis Institute-Birmingham costs $14,561 per year for in-state students and $14,561 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 Fortis Institute-Birmingham is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $14,561 annual cost. Starting when your child is born gives you 18 years to save.
Fortis Institute-Birmingham has a N/A admission rate, making it selective. With 339 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Fortis Institute-Birmingham graduates earn a median salary of $32,886 ten years after graduation, with a 2987.0 loan repayment rate. This represents concerning value given the $14,561 tuition cost.
Use our Fortis Institute-Birmingham 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 $14,561 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 $62,760 total cost by $19,688. To fully fund college, you'd need to save at least $146 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $62,760 total cost for 4 years at Fortis Institute-Birmingham with $44,921 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $62,760 total cost for 4 years at Fortis Institute-Birmingham with $152,601 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $62,760 total cost for 4 years at Fortis Institute-Birmingham with $367,961 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $62,760 total cost for 4 years at Fortis Institute-Birmingham with $1,014,043 extra for additional expenses.