Loyola University Maryland Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Loyola University Maryland? Our Loyola University Maryland savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $55,480 for in-state students and $55,480 for out-of-state students, plus a 76.3% admission rate, strategic financial planning is essential for your Loyola University Maryland college fund.
About Loyola University Maryland
Loyola University Maryland is a highly selective institution with 3,975 students. The college maintains high academic standards with average SAT scores of 1265 and ACT scores of 29.5. Understanding these costs upfront allows families to create an effective savings strategy for their Loyola University Maryland education fund.
Current Loyola University Maryland Costs
- In-State Tuition: $55,480 per year
- Out-of-State Tuition: $55,480 per year
- Total Students: 3,975
- Admission Rate: 76.3%
Use our calculator above to determine your personalized savings plan for Loyola University Maryland.
Smart Savings Strategies for Loyola University Maryland
Given the premium cost tuition costs at Loyola University Maryland, 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 Loyola University Maryland planning
3. Automatic Savings
Set up monthly transfers to consistently build your Loyola University Maryland fund
4. Investment Growth
With Loyola University Maryland's tuition costs, consider growth-oriented investments for long-term savings
Loyola University Maryland Graduate Outcomes
- Median Earnings (10 years): $82,652
- Loan Repayment Rate: 1189.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Loyola University Maryland savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Loyola University Maryland costs $55,480 per year for in-state students and $55,480 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 Loyola University Maryland is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $55,480 annual cost. Starting when your child is born gives you 18 years to save.
Loyola University Maryland has a 76.3% admission rate, making it highly competitive. With 3,975 total students and average test scores of 1265 SAT and 29.5 ACT, preparation and planning are important.
Loyola University Maryland graduates earn a median salary of $82,652 ten years after graduation, with a 1189.0 loan repayment rate. This represents positive value given the $55,480 tuition cost.
Use our Loyola University Maryland 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 $55,480 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 $239,126 total cost by $196,054. To fully fund college, you'd need to save at least $555 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $239,126 total cost by $131,445. To fully fund college, you'd need to save at least $555 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $239,126 total cost by $23,765. To fully fund college, you'd need to save at least $555 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $239,126 total cost for 4 years at Loyola University Maryland with $191,595 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $239,126 total cost for 4 years at Loyola University Maryland with $837,677 extra for additional expenses.