Governors State University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Governors State University? Our Governors State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $11,320 for in-state students and $11,320 for out-of-state students, plus a N/A admission rate, strategic financial planning is essential for your Governors State University college fund.
About Governors State University
Governors State University is a selective institution with 2,518 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 Governors State University education fund.
Current Governors State University Costs
- In-State Tuition: $11,320 per year
- Out-of-State Tuition: $11,320 per year
- Total Students: 2,518
- Admission Rate: N/A
Use our calculator above to determine your personalized savings plan for Governors State University.
Smart Savings Strategies for Governors State University
Given the affordable tuition costs at Governors 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 Governors State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Governors State University fund
4. Investment Growth
With Governors State University's tuition costs, consider growth-oriented investments for long-term savings
Governors State University Graduate Outcomes
- Median Earnings (10 years): $58,169
- Loan Repayment Rate: 2070.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Governors State University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Governors State University costs $11,320 per year for in-state students and $11,320 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 Governors State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $11,320 annual cost. Starting when your child is born gives you 18 years to save.
Governors State University has a N/A admission rate, making it selective. With 2,518 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Governors State University graduates earn a median salary of $58,169 ten years after graduation, with a 2070.0 loan repayment rate. This represents positive value given the $11,320 tuition cost.
Use our Governors 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 $11,320 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 $48,791 total cost by $5,719. To fully fund college, you'd need to save at least $113 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $48,791 total cost for 4 years at Governors State University with $58,890 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $48,791 total cost for 4 years at Governors State University with $166,570 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $48,791 total cost for 4 years at Governors State University with $381,930 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $48,791 total cost for 4 years at Governors State University with $1,028,012 extra for additional expenses.