Lake Superior 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 Lake Superior State University? Our Lake Superior State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $14,266 for in-state students and $14,266 for out-of-state students, plus a 68.0% admission rate, strategic financial planning is essential for your Lake Superior State University college fund.
About Lake Superior State University
Lake Superior State University is a highly selective institution with 1,391 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 Superior State University education fund.
Current Lake Superior State University Costs
- In-State Tuition: $14,266 per year
- Out-of-State Tuition: $14,266 per year
- Total Students: 1,391
- Admission Rate: 68.0%
Use our calculator above to determine your personalized savings plan for Lake Superior State University.
Smart Savings Strategies for Lake Superior State University
Given the affordable tuition costs at Lake Superior 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 Lake Superior State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Lake Superior State University fund
4. Investment Growth
With Lake Superior State University's tuition costs, consider growth-oriented investments for long-term savings
Lake Superior State University Graduate Outcomes
- Median Earnings (10 years): $49,045
- Loan Repayment Rate: 1311.0
- Value Rating: Good
These outcomes show positive return on investment, making your Lake Superior State University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Lake Superior State University costs $14,266 per year for in-state students and $14,266 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 Superior State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $14,266 annual cost. Starting when your child is born gives you 18 years to save.
Lake Superior State University has a 68.0% admission rate, making it highly competitive. With 1,391 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Lake Superior State University graduates earn a median salary of $49,045 ten years after graduation, with a 1311.0 loan repayment rate. This represents positive value given the $14,266 tuition cost.
Use our Lake Superior 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 $14,266 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 $61,488 total cost by $18,416. To fully fund college, you'd need to save at least $143 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $61,488 total cost for 4 years at Lake Superior State University with $46,192 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $61,488 total cost for 4 years at Lake Superior State University with $153,872 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $61,488 total cost for 4 years at Lake Superior State University with $369,233 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $61,488 total cost for 4 years at Lake Superior State University with $1,015,314 extra for additional expenses.