Herzing University-Minneapolis Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Herzing University-Minneapolis? Our Herzing University-Minneapolis savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $13,420 for in-state students and $13,420 for out-of-state students, plus a 93.8% admission rate, strategic financial planning is essential for your Herzing University-Minneapolis college fund.
About Herzing University-Minneapolis
Herzing University-Minneapolis is a highly selective institution with 747 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 Herzing University-Minneapolis education fund.
Current Herzing University-Minneapolis Costs
- In-State Tuition: $13,420 per year
- Out-of-State Tuition: $13,420 per year
- Total Students: 747
- Admission Rate: 93.8%
Use our calculator above to determine your personalized savings plan for Herzing University-Minneapolis.
Smart Savings Strategies for Herzing University-Minneapolis
Given the affordable tuition costs at Herzing University-Minneapolis, 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 Herzing University-Minneapolis planning
3. Automatic Savings
Set up monthly transfers to consistently build your Herzing University-Minneapolis fund
4. Investment Growth
With Herzing University-Minneapolis's tuition costs, consider growth-oriented investments for long-term savings
Herzing University-Minneapolis Graduate Outcomes
- Median Earnings (10 years): $36,909
- Loan Repayment Rate: 8612.0
- Value Rating: Fair
These outcomes show concerning return on investment, making your Herzing University-Minneapolis savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Herzing University-Minneapolis costs $13,420 per year for in-state students and $13,420 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 Herzing University-Minneapolis is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $13,420 annual cost. Starting when your child is born gives you 18 years to save.
Herzing University-Minneapolis has a 93.8% admission rate, making it highly competitive. With 747 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Herzing University-Minneapolis graduates earn a median salary of $36,909 ten years after graduation, with a 8612.0 loan repayment rate. This represents concerning value given the $13,420 tuition cost.
Use our Herzing University-Minneapolis 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 $13,420 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 $57,842 total cost by $14,770. To fully fund college, you'd need to save at least $134 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $57,842 total cost for 4 years at Herzing University-Minneapolis with $49,838 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $57,842 total cost for 4 years at Herzing University-Minneapolis with $157,519 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $57,842 total cost for 4 years at Herzing University-Minneapolis with $372,879 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $57,842 total cost for 4 years at Herzing University-Minneapolis with $1,018,961 extra for additional expenses.