Lamar University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Lamar University? Our Lamar University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $8,690 for in-state students and $18,482 for out-of-state students, plus a 85.7% admission rate, strategic financial planning is essential for your Lamar University college fund.
About Lamar University
Lamar University is a highly selective institution with 7,945 students. The college maintains high academic standards with average SAT scores of 1020 and ACT scores of 21.0. Understanding these costs upfront allows families to create an effective savings strategy for their Lamar University education fund.
Current Lamar University Costs
- In-State Tuition: $8,690 per year
- Out-of-State Tuition: $18,482 per year
- Total Students: 7,945
- Admission Rate: 85.7%
Use our calculator above to determine your personalized savings plan for Lamar University.
Smart Savings Strategies for Lamar University
Given the affordable tuition costs at Lamar 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 Lamar University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Lamar University fund
4. Investment Growth
With Lamar University's tuition costs, consider growth-oriented investments for long-term savings
Lamar University Graduate Outcomes
- Median Earnings (10 years): $49,652
- Loan Repayment Rate: 5029.0
- Value Rating: Good
These outcomes show positive return on investment, making your Lamar University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Lamar University costs $8,690 per year for in-state students and $18,482 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 Lamar University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $8,690 annual cost. Starting when your child is born gives you 18 years to save.
Lamar University has a 85.7% admission rate, making it highly competitive. With 7,945 total students and average test scores of 1020 SAT and 21.0 ACT, preparation and planning are important.
Lamar University graduates earn a median salary of $49,652 ten years after graduation, with a 5029.0 loan repayment rate. This represents positive value given the $8,690 tuition cost.
Use our Lamar 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 $8,690 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $37,455 total cost for 4 years at Lamar University with $5,617 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $37,455 total cost for 4 years at Lamar University with $70,225 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $37,455 total cost for 4 years at Lamar University with $177,906 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $37,455 total cost for 4 years at Lamar University with $393,266 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $37,455 total cost for 4 years at Lamar University with $1,039,348 extra for additional expenses.