Freed-Hardeman University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Freed-Hardeman University? Our Freed-Hardeman University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $25,000 for in-state students and $25,000 for out-of-state students, plus a 90.6% admission rate, strategic financial planning is essential for your Freed-Hardeman University college fund.
About Freed-Hardeman University
Freed-Hardeman University is a highly selective institution with 1,244 students. The college maintains high academic standards with average SAT scores of 1009 and ACT scores of 22.5. Understanding these costs upfront allows families to create an effective savings strategy for their Freed-Hardeman University education fund.
Current Freed-Hardeman University Costs
- In-State Tuition: $25,000 per year
- Out-of-State Tuition: $25,000 per year
- Total Students: 1,244
- Admission Rate: 90.6%
Use our calculator above to determine your personalized savings plan for Freed-Hardeman University.
Smart Savings Strategies for Freed-Hardeman University
Given the moderate cost tuition costs at Freed-Hardeman 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 Freed-Hardeman University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Freed-Hardeman University fund
4. Investment Growth
With Freed-Hardeman University's tuition costs, consider growth-oriented investments for long-term savings
Freed-Hardeman University Graduate Outcomes
- Median Earnings (10 years): $47,485
- Loan Repayment Rate: 685.0
- Value Rating: Good
These outcomes show positive return on investment, making your Freed-Hardeman University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Freed-Hardeman University costs $25,000 per year for in-state students and $25,000 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 Freed-Hardeman University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $25,000 annual cost. Starting when your child is born gives you 18 years to save.
Freed-Hardeman University has a 90.6% admission rate, making it highly competitive. With 1,244 total students and average test scores of 1009 SAT and 22.5 ACT, preparation and planning are important.
Freed-Hardeman University graduates earn a median salary of $47,485 ten years after graduation, with a 685.0 loan repayment rate. This represents positive value given the $25,000 tuition cost.
Use our Freed-Hardeman 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 $25,000 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 $107,753 total cost by $64,681. To fully fund college, you'd need to save at least $250 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $107,753 total cost by $73. To fully fund college, you'd need to save at least $250 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $107,753 total cost for 4 years at Freed-Hardeman University with $107,607 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $107,753 total cost for 4 years at Freed-Hardeman University with $322,968 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $107,753 total cost for 4 years at Freed-Hardeman University with $969,049 extra for additional expenses.