Longwood University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Longwood University? Our Longwood University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $15,200 for in-state students and $27,410 for out-of-state students, plus a 84.8% admission rate, strategic financial planning is essential for your Longwood University college fund.
About Longwood University
Longwood University is a highly selective institution with 2,957 students. The college maintains high academic standards with average SAT scores of 1105 and ACT scores of 23.5. Understanding these costs upfront allows families to create an effective savings strategy for their Longwood University education fund.
Current Longwood University Costs
- In-State Tuition: $15,200 per year
- Out-of-State Tuition: $27,410 per year
- Total Students: 2,957
- Admission Rate: 84.8%
Use our calculator above to determine your personalized savings plan for Longwood University.
Smart Savings Strategies for Longwood University
Given the moderate cost tuition costs at Longwood 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 Longwood University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Longwood University fund
4. Investment Growth
With Longwood University's tuition costs, consider growth-oriented investments for long-term savings
Longwood University Graduate Outcomes
- Median Earnings (10 years): $52,347
- Loan Repayment Rate: 1603.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Longwood University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Longwood University costs $15,200 per year for in-state students and $27,410 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 Longwood University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $15,200 annual cost. Starting when your child is born gives you 18 years to save.
Longwood University has a 84.8% admission rate, making it highly competitive. With 2,957 total students and average test scores of 1105 SAT and 23.5 ACT, preparation and planning are important.
Longwood University graduates earn a median salary of $52,347 ten years after graduation, with a 1603.0 loan repayment rate. This represents positive value given the $15,200 tuition cost.
Use our Longwood 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 $15,200 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 $65,514 total cost by $22,442. To fully fund college, you'd need to save at least $152 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $65,514 total cost for 4 years at Longwood University with $42,166 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $65,514 total cost for 4 years at Longwood University with $149,847 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $65,514 total cost for 4 years at Longwood University with $365,207 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $65,514 total cost for 4 years at Longwood University with $1,011,289 extra for additional expenses.