Illinois Wesleyan 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 Wesleyan University? Our Illinois Wesleyan University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $55,704 for in-state students and $55,704 for out-of-state students, plus a 45.2% admission rate, strategic financial planning is essential for your Illinois Wesleyan University college fund.
About Illinois Wesleyan University
Illinois Wesleyan University is a highly selective institution with 1,570 students. The college maintains high academic standards with average SAT scores of 1235 and ACT scores of 26.5. Understanding these costs upfront allows families to create an effective savings strategy for their Illinois Wesleyan University education fund.
Current Illinois Wesleyan University Costs
- In-State Tuition: $55,704 per year
- Out-of-State Tuition: $55,704 per year
- Total Students: 1,570
- Admission Rate: 45.2%
Use our calculator above to determine your personalized savings plan for Illinois Wesleyan University.
Smart Savings Strategies for Illinois Wesleyan University
Given the premium cost tuition costs at Illinois Wesleyan 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 Wesleyan University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Illinois Wesleyan University fund
4. Investment Growth
With Illinois Wesleyan University's tuition costs, consider growth-oriented investments for long-term savings
Illinois Wesleyan University Graduate Outcomes
- Median Earnings (10 years): $70,871
- Loan Repayment Rate: 697.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Illinois Wesleyan University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Illinois Wesleyan University costs $55,704 per year for in-state students and $55,704 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 Wesleyan University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $55,704 annual cost. Starting when your child is born gives you 18 years to save.
Illinois Wesleyan University has a 45.2% admission rate, making it highly competitive. With 1,570 total students and average test scores of 1235 SAT and 26.5 ACT, preparation and planning are important.
Illinois Wesleyan University graduates earn a median salary of $70,871 ten years after graduation, with a 697.0 loan repayment rate. This represents positive value given the $55,704 tuition cost.
Use our Illinois Wesleyan 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 $55,704 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 $240,091 total cost by $197,019. To fully fund college, you'd need to save at least $557 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $240,091 total cost by $132,411. To fully fund college, you'd need to save at least $557 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $240,091 total cost by $24,731. To fully fund college, you'd need to save at least $557 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $240,091 total cost for 4 years at Illinois Wesleyan University with $190,630 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $240,091 total cost for 4 years at Illinois Wesleyan University with $836,711 extra for additional expenses.