Minnesota State Community and Technical College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Minnesota State Community and Technical College? Our Minnesota State Community and Technical College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $5,900 for in-state students and $5,900 for out-of-state students, plus a N/A admission rate, strategic financial planning is essential for your Minnesota State Community and Technical College college fund.
About Minnesota State Community and Technical College
Minnesota State Community and Technical College is a selective institution with 2,875 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 Minnesota State Community and Technical College education fund.
Current Minnesota State Community and Technical College Costs
- In-State Tuition: $5,900 per year
- Out-of-State Tuition: $5,900 per year
- Total Students: 2,875
- Admission Rate: N/A
Use our calculator above to determine your personalized savings plan for Minnesota State Community and Technical College.
Smart Savings Strategies for Minnesota State Community and Technical College
Given the affordable tuition costs at Minnesota State Community and Technical College, 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 Minnesota State Community and Technical College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Minnesota State Community and Technical College fund
4. Investment Growth
With Minnesota State Community and Technical College's tuition costs, consider growth-oriented investments for long-term savings
Minnesota State Community and Technical College Graduate Outcomes
- Median Earnings (10 years): $45,591
- Loan Repayment Rate: 4491.0
- Value Rating: Good
These outcomes show positive return on investment, making your Minnesota State Community and Technical College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Minnesota State Community and Technical College costs $5,900 per year for in-state students and $5,900 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 Minnesota State Community and Technical College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $5,900 annual cost. Starting when your child is born gives you 18 years to save.
Minnesota State Community and Technical College has a N/A admission rate, making it selective. With 2,875 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Minnesota State Community and Technical College graduates earn a median salary of $45,591 ten years after graduation, with a 4491.0 loan repayment rate. This represents positive value given the $5,900 tuition cost.
Use our Minnesota State Community and Technical College 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 $5,900 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $25,430 total cost for 4 years at Minnesota State Community and Technical College with $17,642 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $25,430 total cost for 4 years at Minnesota State Community and Technical College with $82,251 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $25,430 total cost for 4 years at Minnesota State Community and Technical College with $189,931 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $25,430 total cost for 4 years at Minnesota State Community and Technical College with $405,291 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $25,430 total cost for 4 years at Minnesota State Community and Technical College with $1,051,373 extra for additional expenses.