Minnesota State University-Mankato 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 University-Mankato? Our Minnesota State University-Mankato savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $9,490 for in-state students and $18,860 for out-of-state students, plus a 91.3% admission rate, strategic financial planning is essential for your Minnesota State University-Mankato college fund.
About Minnesota State University-Mankato
Minnesota State University-Mankato is a highly selective institution with 11,325 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of 23.5. Understanding these costs upfront allows families to create an effective savings strategy for their Minnesota State University-Mankato education fund.
Current Minnesota State University-Mankato Costs
- In-State Tuition: $9,490 per year
- Out-of-State Tuition: $18,860 per year
- Total Students: 11,325
- Admission Rate: 91.3%
Use our calculator above to determine your personalized savings plan for Minnesota State University-Mankato.
Smart Savings Strategies for Minnesota State University-Mankato
Given the affordable tuition costs at Minnesota State University-Mankato, 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 University-Mankato planning
3. Automatic Savings
Set up monthly transfers to consistently build your Minnesota State University-Mankato fund
4. Investment Growth
With Minnesota State University-Mankato's tuition costs, consider growth-oriented investments for long-term savings
Minnesota State University-Mankato Graduate Outcomes
- Median Earnings (10 years): $56,922
- Loan Repayment Rate: 6281.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Minnesota State University-Mankato savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Minnesota State University-Mankato costs $9,490 per year for in-state students and $18,860 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 University-Mankato is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $9,490 annual cost. Starting when your child is born gives you 18 years to save.
Minnesota State University-Mankato has a 91.3% admission rate, making it highly competitive. With 11,325 total students and average test scores of N/A SAT and 23.5 ACT, preparation and planning are important.
Minnesota State University-Mankato graduates earn a median salary of $56,922 ten years after graduation, with a 6281.0 loan repayment rate. This represents positive value given the $9,490 tuition cost.
Use our Minnesota State University-Mankato 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 $9,490 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $40,903 total cost for 4 years at Minnesota State University-Mankato with $2,169 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $40,903 total cost for 4 years at Minnesota State University-Mankato with $66,777 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $40,903 total cost for 4 years at Minnesota State University-Mankato with $174,457 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $40,903 total cost for 4 years at Minnesota State University-Mankato with $389,818 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $40,903 total cost for 4 years at Minnesota State University-Mankato with $1,035,899 extra for additional expenses.