Francis Marion University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Francis Marion University? Our Francis Marion University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $11,160 for in-state students and $21,544 for out-of-state students, plus a 82.2% admission rate, strategic financial planning is essential for your Francis Marion University college fund.
About Francis Marion University
Francis Marion University is a highly selective institution with 2,640 students. The college maintains high academic standards with average SAT scores of 1019 and ACT scores of 20.0. Understanding these costs upfront allows families to create an effective savings strategy for their Francis Marion University education fund.
Current Francis Marion University Costs
- In-State Tuition: $11,160 per year
- Out-of-State Tuition: $21,544 per year
- Total Students: 2,640
- Admission Rate: 82.2%
Use our calculator above to determine your personalized savings plan for Francis Marion University.
Smart Savings Strategies for Francis Marion University
Given the affordable tuition costs at Francis Marion 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 Francis Marion University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Francis Marion University fund
4. Investment Growth
With Francis Marion University's tuition costs, consider growth-oriented investments for long-term savings
Francis Marion University Graduate Outcomes
- Median Earnings (10 years): $43,888
- Loan Repayment Rate: 2051.0
- Value Rating: Good
These outcomes show positive return on investment, making your Francis Marion University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Francis Marion University costs $11,160 per year for in-state students and $21,544 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 Francis Marion University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $11,160 annual cost. Starting when your child is born gives you 18 years to save.
Francis Marion University has a 82.2% admission rate, making it highly competitive. With 2,640 total students and average test scores of 1019 SAT and 20.0 ACT, preparation and planning are important.
Francis Marion University graduates earn a median salary of $43,888 ten years after graduation, with a 2051.0 loan repayment rate. This represents positive value given the $11,160 tuition cost.
Use our Francis Marion 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 $11,160 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 $48,101 total cost by $5,029. To fully fund college, you'd need to save at least $112 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $48,101 total cost for 4 years at Francis Marion University with $59,579 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $48,101 total cost for 4 years at Francis Marion University with $167,260 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $48,101 total cost for 4 years at Francis Marion University with $382,620 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $48,101 total cost for 4 years at Francis Marion University with $1,028,702 extra for additional expenses.