Long Island University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Long Island University? Our Long Island University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $41,642 for in-state students and $41,642 for out-of-state students, plus a 89.8% admission rate, strategic financial planning is essential for your Long Island University college fund.
About Long Island University
Long Island University is a highly selective institution with 5,478 students. The college maintains high academic standards with average SAT scores of 1245 and ACT scores of 27.5. Understanding these costs upfront allows families to create an effective savings strategy for their Long Island University education fund.
Current Long Island University Costs
- In-State Tuition: $41,642 per year
- Out-of-State Tuition: $41,642 per year
- Total Students: 5,478
- Admission Rate: 89.8%
Use our calculator above to determine your personalized savings plan for Long Island University.
Smart Savings Strategies for Long Island University
Given the premium cost tuition costs at Long Island 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 Long Island University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Long Island University fund
4. Investment Growth
With Long Island University's tuition costs, consider growth-oriented investments for long-term savings
Long Island University Graduate Outcomes
- Median Earnings (10 years): $59,950
- Loan Repayment Rate: 5421.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Long Island University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Long Island University costs $41,642 per year for in-state students and $41,642 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 Long Island University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $41,642 annual cost. Starting when your child is born gives you 18 years to save.
Long Island University has a 89.8% admission rate, making it highly competitive. With 5,478 total students and average test scores of 1245 SAT and 27.5 ACT, preparation and planning are important.
Long Island University graduates earn a median salary of $59,950 ten years after graduation, with a 5421.0 loan repayment rate. This represents positive value given the $41,642 tuition cost.
Use our Long Island 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 $41,642 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 $179,482 total cost by $136,410. To fully fund college, you'd need to save at least $417 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $179,482 total cost by $71,802. To fully fund college, you'd need to save at least $417 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $179,482 total cost for 4 years at Long Island University with $35,878 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $179,482 total cost for 4 years at Long Island University with $251,239 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $179,482 total cost for 4 years at Long Island University with $897,320 extra for additional expenses.