Illinois 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 Illinois State University? Our Illinois State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $16,021 for in-state students and $28,086 for out-of-state students, plus a 89.0% admission rate, strategic financial planning is essential for your Illinois State University college fund.
About Illinois State University
Illinois State University is a highly selective institution with 18,414 students. The college maintains high academic standards with average SAT scores of 1120 and ACT scores of 24.5. Understanding these costs upfront allows families to create an effective savings strategy for their Illinois State University education fund.
Current Illinois State University Costs
- In-State Tuition: $16,021 per year
- Out-of-State Tuition: $28,086 per year
- Total Students: 18,414
- Admission Rate: 89.0%
Use our calculator above to determine your personalized savings plan for Illinois State University.
Smart Savings Strategies for Illinois State University
Given the moderate cost tuition costs at Illinois 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 Illinois State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Illinois State University fund
4. Investment Growth
With Illinois State University's tuition costs, consider growth-oriented investments for long-term savings
Illinois State University Graduate Outcomes
- Median Earnings (10 years): $62,117
- Loan Repayment Rate: 7716.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Illinois State University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Illinois State University costs $16,021 per year for in-state students and $28,086 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 Illinois State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $16,021 annual cost. Starting when your child is born gives you 18 years to save.
Illinois State University has a 89.0% admission rate, making it highly competitive. With 18,414 total students and average test scores of 1120 SAT and 24.5 ACT, preparation and planning are important.
Illinois State University graduates earn a median salary of $62,117 ten years after graduation, with a 7716.0 loan repayment rate. This represents positive value given the $16,021 tuition cost.
Use our Illinois 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 $16,021 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 $69,053 total cost by $25,980. To fully fund college, you'd need to save at least $160 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $69,053 total cost for 4 years at Illinois State University with $38,628 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $69,053 total cost for 4 years at Illinois State University with $146,308 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $69,053 total cost for 4 years at Illinois State University with $361,669 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $69,053 total cost for 4 years at Illinois State University with $1,007,750 extra for additional expenses.