Lipscomb University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Lipscomb University? Our Lipscomb University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $38,824 for in-state students and $38,824 for out-of-state students, plus a 66.6% admission rate, strategic financial planning is essential for your Lipscomb University college fund.
About Lipscomb University
Lipscomb University is a highly selective institution with 3,021 students. The college maintains high academic standards with average SAT scores of 1247 and ACT scores of 25.5. Understanding these costs upfront allows families to create an effective savings strategy for their Lipscomb University education fund.
Current Lipscomb University Costs
- In-State Tuition: $38,824 per year
- Out-of-State Tuition: $38,824 per year
- Total Students: 3,021
- Admission Rate: 66.6%
Use our calculator above to determine your personalized savings plan for Lipscomb University.
Smart Savings Strategies for Lipscomb University
Given the premium cost tuition costs at Lipscomb 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 Lipscomb University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Lipscomb University fund
4. Investment Growth
With Lipscomb University's tuition costs, consider growth-oriented investments for long-term savings
Lipscomb University Graduate Outcomes
- Median Earnings (10 years): $55,541
- Loan Repayment Rate: 1314.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Lipscomb University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Lipscomb University costs $38,824 per year for in-state students and $38,824 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 Lipscomb University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $38,824 annual cost. Starting when your child is born gives you 18 years to save.
Lipscomb University has a 66.6% admission rate, making it highly competitive. With 3,021 total students and average test scores of 1247 SAT and 25.5 ACT, preparation and planning are important.
Lipscomb University graduates earn a median salary of $55,541 ten years after graduation, with a 1314.0 loan repayment rate. This represents positive value given the $38,824 tuition cost.
Use our Lipscomb 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 $38,824 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 $167,336 total cost by $124,264. To fully fund college, you'd need to save at least $389 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $167,336 total cost by $59,656. To fully fund college, you'd need to save at least $389 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $167,336 total cost for 4 years at Lipscomb University with $48,024 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $167,336 total cost for 4 years at Lipscomb University with $263,385 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $167,336 total cost for 4 years at Lipscomb University with $909,466 extra for additional expenses.