Minot State University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Minot State University? Our Minot State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $8,634 for in-state students and $8,634 for out-of-state students, plus a 72.2% admission rate, strategic financial planning is essential for your Minot State University college fund.
About Minot State University
Minot State University is a highly selective institution with 2,072 students. The college maintains high academic standards with average SAT scores of 1055 and ACT scores of 21.0. Understanding these costs upfront allows families to create an effective savings strategy for their Minot State University education fund.
Current Minot State University Costs
- In-State Tuition: $8,634 per year
- Out-of-State Tuition: $8,634 per year
- Total Students: 2,072
- Admission Rate: 72.2%
Use our calculator above to determine your personalized savings plan for Minot State University.
Smart Savings Strategies for Minot State University
Given the affordable tuition costs at Minot State 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 Minot State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Minot State University fund
4. Investment Growth
With Minot State University's tuition costs, consider growth-oriented investments for long-term savings
Minot State University Graduate Outcomes
- Median Earnings (10 years): $51,759
- Loan Repayment Rate: 1346.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Minot State University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Minot State University costs $8,634 per year for in-state students and $8,634 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 Minot State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $8,634 annual cost. Starting when your child is born gives you 18 years to save.
Minot State University has a 72.2% admission rate, making it highly competitive. With 2,072 total students and average test scores of 1055 SAT and 21.0 ACT, preparation and planning are important.
Minot State University graduates earn a median salary of $51,759 ten years after graduation, with a 1346.0 loan repayment rate. This represents positive value given the $8,634 tuition cost.
Use our Minot State 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 $8,634 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $37,214 total cost for 4 years at Minot State University with $5,858 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $37,214 total cost for 4 years at Minot State University with $70,467 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $37,214 total cost for 4 years at Minot State University with $178,147 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $37,214 total cost for 4 years at Minot State University with $393,507 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $37,214 total cost for 4 years at Minot State University with $1,039,589 extra for additional expenses.