James Madison University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for James Madison University? Our James Madison University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $13,576 for in-state students and $30,790 for out-of-state students, plus a 76.3% admission rate, strategic financial planning is essential for your James Madison University college fund.
About James Madison University
James Madison University is a highly selective institution with 20,497 students. The college maintains high academic standards with average SAT scores of 1245 and ACT scores of 27.0. Understanding these costs upfront allows families to create an effective savings strategy for their James Madison University education fund.
Current James Madison University Costs
- In-State Tuition: $13,576 per year
- Out-of-State Tuition: $30,790 per year
- Total Students: 20,497
- Admission Rate: 76.3%
Use our calculator above to determine your personalized savings plan for James Madison University.
Smart Savings Strategies for James Madison University
Given the affordable tuition costs at James Madison 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 James Madison University planning
3. Automatic Savings
Set up monthly transfers to consistently build your James Madison University fund
4. Investment Growth
With James Madison University's tuition costs, consider growth-oriented investments for long-term savings
James Madison University Graduate Outcomes
- Median Earnings (10 years): $69,954
- Loan Repayment Rate: 4576.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your James Madison University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
James Madison University costs $13,576 per year for in-state students and $30,790 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 James Madison University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $13,576 annual cost. Starting when your child is born gives you 18 years to save.
James Madison University has a 76.3% admission rate, making it highly competitive. With 20,497 total students and average test scores of 1245 SAT and 27.0 ACT, preparation and planning are important.
James Madison University graduates earn a median salary of $69,954 ten years after graduation, with a 4576.0 loan repayment rate. This represents positive value given the $13,576 tuition cost.
Use our James Madison 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 $13,576 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 $58,514 total cost by $15,442. To fully fund college, you'd need to save at least $136 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $58,514 total cost for 4 years at James Madison University with $49,166 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $58,514 total cost for 4 years at James Madison University with $156,846 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $58,514 total cost for 4 years at James Madison University with $372,207 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $58,514 total cost for 4 years at James Madison University with $1,018,288 extra for additional expenses.