MidAmerica Nazarene University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for MidAmerica Nazarene University? Our MidAmerica Nazarene University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $36,120 for in-state students and $36,120 for out-of-state students, plus a 73.5% admission rate, strategic financial planning is essential for your MidAmerica Nazarene University college fund.
About MidAmerica Nazarene University
MidAmerica Nazarene University is a highly selective institution with 977 students. The college maintains high academic standards with average SAT scores of 1023 and ACT scores of 20.0. Understanding these costs upfront allows families to create an effective savings strategy for their MidAmerica Nazarene University education fund.
Current MidAmerica Nazarene University Costs
- In-State Tuition: $36,120 per year
- Out-of-State Tuition: $36,120 per year
- Total Students: 977
- Admission Rate: 73.5%
Use our calculator above to determine your personalized savings plan for MidAmerica Nazarene University.
Smart Savings Strategies for MidAmerica Nazarene University
Given the premium cost tuition costs at MidAmerica Nazarene 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 MidAmerica Nazarene University planning
3. Automatic Savings
Set up monthly transfers to consistently build your MidAmerica Nazarene University fund
4. Investment Growth
With MidAmerica Nazarene University's tuition costs, consider growth-oriented investments for long-term savings
MidAmerica Nazarene University Graduate Outcomes
- Median Earnings (10 years): $62,972
- Loan Repayment Rate: 1091.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your MidAmerica Nazarene University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
MidAmerica Nazarene University costs $36,120 per year for in-state students and $36,120 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 MidAmerica Nazarene University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $36,120 annual cost. Starting when your child is born gives you 18 years to save.
MidAmerica Nazarene University has a 73.5% admission rate, making it highly competitive. With 977 total students and average test scores of 1023 SAT and 20.0 ACT, preparation and planning are important.
MidAmerica Nazarene University graduates earn a median salary of $62,972 ten years after graduation, with a 1091.0 loan repayment rate. This represents positive value given the $36,120 tuition cost.
Use our MidAmerica Nazarene 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 $36,120 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 $155,682 total cost by $112,610. To fully fund college, you'd need to save at least $361 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $155,682 total cost by $48,001. To fully fund college, you'd need to save at least $361 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $155,682 total cost for 4 years at MidAmerica Nazarene University with $59,679 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $155,682 total cost for 4 years at MidAmerica Nazarene University with $275,039 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $155,682 total cost for 4 years at MidAmerica Nazarene University with $921,121 extra for additional expenses.