Methodist University 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 Methodist University? Our Methodist University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $39,664 for in-state students and $39,664 for out-of-state students, plus a 75.2% admission rate, strategic financial planning is essential for your Methodist University college fund.
About Methodist University
Methodist University is a highly selective institution with 1,425 students. The college maintains high academic standards with average SAT scores of 1165 and ACT scores of 24.0. Understanding these costs upfront allows families to create an effective savings strategy for their Methodist University education fund.
Current Methodist University Costs
- In-State Tuition: $39,664 per year
- Out-of-State Tuition: $39,664 per year
- Total Students: 1,425
- Admission Rate: 75.2%
Use our calculator above to determine your personalized savings plan for Methodist University.
Smart Savings Strategies for Methodist University
Given the premium cost tuition costs at Methodist 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 Methodist University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Methodist University fund
4. Investment Growth
With Methodist University's tuition costs, consider growth-oriented investments for long-term savings
Methodist University Graduate Outcomes
- Median Earnings (10 years): $48,050
- Loan Repayment Rate: 1240.0
- Value Rating: Good
These outcomes show positive return on investment, making your Methodist University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Methodist University costs $39,664 per year for in-state students and $39,664 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 Methodist University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $39,664 annual cost. Starting when your child is born gives you 18 years to save.
Methodist University has a 75.2% admission rate, making it highly competitive. With 1,425 total students and average test scores of 1165 SAT and 24.0 ACT, preparation and planning are important.
Methodist University graduates earn a median salary of $48,050 ten years after graduation, with a 1240.0 loan repayment rate. This represents positive value given the $39,664 tuition cost.
Use our Methodist 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 $39,664 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 $170,957 total cost by $127,885. To fully fund college, you'd need to save at least $397 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $170,957 total cost by $63,277. To fully fund college, you'd need to save at least $397 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $170,957 total cost for 4 years at Methodist University with $44,404 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $170,957 total cost for 4 years at Methodist University with $259,764 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $170,957 total cost for 4 years at Methodist University with $905,846 extra for additional expenses.