Friends University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Friends University? Our Friends University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $32,748 for in-state students and $32,748 for out-of-state students, plus a 55.6% admission rate, strategic financial planning is essential for your Friends University college fund.
About Friends University
Friends University is a highly selective institution with 1,015 students. The college maintains high academic standards with average SAT scores of 1002 and ACT scores of 19.5. Understanding these costs upfront allows families to create an effective savings strategy for their Friends University education fund.
Current Friends University Costs
- In-State Tuition: $32,748 per year
- Out-of-State Tuition: $32,748 per year
- Total Students: 1,015
- Admission Rate: 55.6%
Use our calculator above to determine your personalized savings plan for Friends University.
Smart Savings Strategies for Friends University
Given the higher cost tuition costs at Friends 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 Friends University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Friends University fund
4. Investment Growth
With Friends University's tuition costs, consider growth-oriented investments for long-term savings
Friends University Graduate Outcomes
- Median Earnings (10 years): $52,113
- Loan Repayment Rate: 1513.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Friends University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Friends University costs $32,748 per year for in-state students and $32,748 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 Friends University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $32,748 annual cost. Starting when your child is born gives you 18 years to save.
Friends University has a 55.6% admission rate, making it highly competitive. With 1,015 total students and average test scores of 1002 SAT and 19.5 ACT, preparation and planning are important.
Friends University graduates earn a median salary of $52,113 ten years after graduation, with a 1513.0 loan repayment rate. This represents positive value given the $32,748 tuition cost.
Use our Friends 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 $32,748 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 $141,148 total cost by $98,076. To fully fund college, you'd need to save at least $328 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $141,148 total cost by $33,468. To fully fund college, you'd need to save at least $328 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $141,148 total cost for 4 years at Friends University with $74,213 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $141,148 total cost for 4 years at Friends University with $289,573 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $141,148 total cost for 4 years at Friends University with $935,655 extra for additional expenses.