Minnesota State University Moorhead 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 Moorhead? Our Minnesota State University Moorhead savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $10,336 for in-state students and $10,336 for out-of-state students, plus a 52.6% admission rate, strategic financial planning is essential for your Minnesota State University Moorhead college fund.
About Minnesota State University Moorhead
Minnesota State University Moorhead is a highly selective institution with 3,120 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of 21.5. Understanding these costs upfront allows families to create an effective savings strategy for their Minnesota State University Moorhead education fund.
Current Minnesota State University Moorhead Costs
- In-State Tuition: $10,336 per year
- Out-of-State Tuition: $10,336 per year
- Total Students: 3,120
- Admission Rate: 52.6%
Use our calculator above to determine your personalized savings plan for Minnesota State University Moorhead.
Smart Savings Strategies for Minnesota State University Moorhead
Given the affordable tuition costs at Minnesota State University Moorhead, 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 Moorhead planning
3. Automatic Savings
Set up monthly transfers to consistently build your Minnesota State University Moorhead fund
4. Investment Growth
With Minnesota State University Moorhead's tuition costs, consider growth-oriented investments for long-term savings
Minnesota State University Moorhead Graduate Outcomes
- Median Earnings (10 years): $50,527
- Loan Repayment Rate: 3619.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Minnesota State University Moorhead savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Minnesota State University Moorhead costs $10,336 per year for in-state students and $10,336 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 Moorhead is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $10,336 annual cost. Starting when your child is born gives you 18 years to save.
Minnesota State University Moorhead has a 52.6% admission rate, making it highly competitive. With 3,120 total students and average test scores of N/A SAT and 21.5 ACT, preparation and planning are important.
Minnesota State University Moorhead graduates earn a median salary of $50,527 ten years after graduation, with a 3619.0 loan repayment rate. This represents positive value given the $10,336 tuition cost.
Use our Minnesota State University Moorhead 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 $10,336 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 $44,549 total cost by $1,477. To fully fund college, you'd need to save at least $103 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $44,549 total cost for 4 years at Minnesota State University Moorhead with $63,131 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $44,549 total cost for 4 years at Minnesota State University Moorhead with $170,811 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $44,549 total cost for 4 years at Minnesota State University Moorhead with $386,172 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $44,549 total cost for 4 years at Minnesota State University Moorhead with $1,032,253 extra for additional expenses.