Massachusetts Maritime Academy Savings Calculator - Plan Your College Fund
You will not meet your savings goal
You need to make a monthly contribution of to meet your goal.
You will exceed your savings goal
You only need to make a monthly contribution of to meet your goal.
Balance and Expenses by Years
Total Costs by Child
Planning to save for Massachusetts Maritime Academy? Our Massachusetts Maritime Academy savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $10,816 for in-state students and $23,910 for out-of-state students, plus a 94.6% admission rate, strategic financial planning is essential for your Massachusetts Maritime Academy college fund.
About Massachusetts Maritime Academy
Massachusetts Maritime Academy is a highly selective institution with 1,270 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 Massachusetts Maritime Academy education fund.
Current Massachusetts Maritime Academy Costs
- In-State Tuition: $10,816 per year
- Out-of-State Tuition: $23,910 per year
- Total Students: 1,270
- Admission Rate: 94.6%
Use our calculator above to determine your personalized savings plan for Massachusetts Maritime Academy.
Smart Savings Strategies for Massachusetts Maritime Academy
Given the affordable tuition costs at Massachusetts Maritime Academy, 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 Massachusetts Maritime Academy planning
3. Automatic Savings
Set up monthly transfers to consistently build your Massachusetts Maritime Academy fund
4. Investment Growth
With Massachusetts Maritime Academy's tuition costs, consider growth-oriented investments for long-term savings
Massachusetts Maritime Academy Graduate Outcomes
- Median Earnings (10 years): $82,392
- Loan Repayment Rate: 544.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Massachusetts Maritime Academy savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Massachusetts Maritime Academy costs $10,816 per year for in-state students and $23,910 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 Massachusetts Maritime Academy is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $10,816 annual cost. Starting when your child is born gives you 18 years to save.
Massachusetts Maritime Academy has a 94.6% admission rate, making it highly competitive. With 1,270 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Massachusetts Maritime Academy graduates earn a median salary of $82,392 ten years after graduation, with a 544.0 loan repayment rate. This represents positive value given the $10,816 tuition cost.
Use our Massachusetts Maritime Academy 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 $10,816 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 $46,618 total cost by $3,546. To fully fund college, you'd need to save at least $108 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $46,618 total cost for 4 years at Massachusetts Maritime Academy with $61,062 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $46,618 total cost for 4 years at Massachusetts Maritime Academy with $168,742 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $46,618 total cost for 4 years at Massachusetts Maritime Academy with $384,103 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $46,618 total cost for 4 years at Massachusetts Maritime Academy with $1,030,184 extra for additional expenses.