Lake-Sumter State College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Lake-Sumter State College? Our Lake-Sumter State College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $3,292 for in-state students and $13,276 for out-of-state students, plus a N/A admission rate, strategic financial planning is essential for your Lake-Sumter State College college fund.
About Lake-Sumter State College
Lake-Sumter State College is a selective institution with 3,572 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 Lake-Sumter State College education fund.
Current Lake-Sumter State College Costs
- In-State Tuition: $3,292 per year
- Out-of-State Tuition: $13,276 per year
- Total Students: 3,572
- Admission Rate: N/A
Use our calculator above to determine your personalized savings plan for Lake-Sumter State College.
Smart Savings Strategies for Lake-Sumter State College
Given the affordable tuition costs at Lake-Sumter State College, 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 Lake-Sumter State College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Lake-Sumter State College fund
4. Investment Growth
With Lake-Sumter State College's tuition costs, consider growth-oriented investments for long-term savings
Lake-Sumter State College Graduate Outcomes
- Median Earnings (10 years): $39,876
- Loan Repayment Rate: 317.0
- Value Rating: Fair
These outcomes show concerning return on investment, making your Lake-Sumter State College savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Lake-Sumter State College costs $3,292 per year for in-state students and $13,276 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 Lake-Sumter State College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $3,292 annual cost. Starting when your child is born gives you 18 years to save.
Lake-Sumter State College has a N/A admission rate, making it selective. With 3,572 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Lake-Sumter State College graduates earn a median salary of $39,876 ten years after graduation, with a 317.0 loan repayment rate. This represents concerning value given the $3,292 tuition cost.
Use our Lake-Sumter State College 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 $3,292 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $14,189 total cost for 4 years at Lake-Sumter State College with $28,883 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $14,189 total cost for 4 years at Lake-Sumter State College with $93,491 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $14,189 total cost for 4 years at Lake-Sumter State College with $201,172 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $14,189 total cost for 4 years at Lake-Sumter State College with $416,532 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $14,189 total cost for 4 years at Lake-Sumter State College with $1,062,614 extra for additional expenses.