Maine College of Art & Design Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Maine College of Art & Design? Our Maine College of Art & Design savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $41,398 for in-state students and $41,398 for out-of-state students, plus a 77.6% admission rate, strategic financial planning is essential for your Maine College of Art & Design college fund.
About Maine College of Art & Design
Maine College of Art & Design is a highly selective institution with 415 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their Maine College of Art & Design education fund.
Current Maine College of Art & Design Costs
- In-State Tuition: $41,398 per year
- Out-of-State Tuition: $41,398 per year
- Total Students: 415
- Admission Rate: 77.6%
Use our calculator above to determine your personalized savings plan for Maine College of Art & Design.
Smart Savings Strategies for Maine College of Art & Design
Given the premium cost tuition costs at Maine College of Art & Design, 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 Maine College of Art & Design planning
3. Automatic Savings
Set up monthly transfers to consistently build your Maine College of Art & Design fund
4. Investment Growth
With Maine College of Art & Design's tuition costs, consider growth-oriented investments for long-term savings
Maine College of Art & Design Graduate Outcomes
- Median Earnings (10 years): $40,778
- Loan Repayment Rate: 216.0
- Value Rating: Good
These outcomes show positive return on investment, making your Maine College of Art & Design savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Maine College of Art & Design costs $41,398 per year for in-state students and $41,398 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 Maine College of Art & Design is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $41,398 annual cost. Starting when your child is born gives you 18 years to save.
Maine College of Art & Design has a 77.6% admission rate, making it highly competitive. With 415 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Maine College of Art & Design graduates earn a median salary of $40,778 ten years after graduation, with a 216.0 loan repayment rate. This represents positive value given the $41,398 tuition cost.
Use our Maine College of Art & Design 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 $41,398 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 $178,431 total cost by $135,358. To fully fund college, you'd need to save at least $414 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $178,431 total cost by $70,750. To fully fund college, you'd need to save at least $414 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $178,431 total cost for 4 years at Maine College of Art & Design with $36,930 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $178,431 total cost for 4 years at Maine College of Art & Design with $252,290 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $178,431 total cost for 4 years at Maine College of Art & Design with $898,372 extra for additional expenses.