Frostburg State University Savings Calculator - Plan Your College Fund
You will not meet your savings goal
You need to make a monthly contribution of to meet your goal.
You will exceed your savings goal
You only need to make a monthly contribution of to meet your goal.
Balance and Expenses by Years
Total Costs by Child
Planning to save for Frostburg State University? Our Frostburg State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $9,998 for in-state students and $25,180 for out-of-state students, plus a 89.4% admission rate, strategic financial planning is essential for your Frostburg State University college fund.
About Frostburg State University
Frostburg State University is a highly selective institution with 2,849 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 Frostburg State University education fund.
Current Frostburg State University Costs
- In-State Tuition: $9,998 per year
- Out-of-State Tuition: $25,180 per year
- Total Students: 2,849
- Admission Rate: 89.4%
Use our calculator above to determine your personalized savings plan for Frostburg State University.
Smart Savings Strategies for Frostburg State University
Given the affordable tuition costs at Frostburg State 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 Frostburg State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Frostburg State University fund
4. Investment Growth
With Frostburg State University's tuition costs, consider growth-oriented investments for long-term savings
Frostburg State University Graduate Outcomes
- Median Earnings (10 years): $55,493
- Loan Repayment Rate: 2157.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Frostburg State University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Frostburg State University costs $9,998 per year for in-state students and $25,180 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 Frostburg State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $9,998 annual cost. Starting when your child is born gives you 18 years to save.
Frostburg State University has a 89.4% admission rate, making it highly competitive. With 2,849 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Frostburg State University graduates earn a median salary of $55,493 ten years after graduation, with a 2157.0 loan repayment rate. This represents positive value given the $9,998 tuition cost.
Use our Frostburg State 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 $9,998 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 $43,093 total cost by $21. To fully fund college, you'd need to save at least $100 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $43,093 total cost for 4 years at Frostburg State University with $64,588 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $43,093 total cost for 4 years at Frostburg State University with $172,268 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $43,093 total cost for 4 years at Frostburg State University with $387,628 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $43,093 total cost for 4 years at Frostburg State University with $1,033,710 extra for additional expenses.