Mississippi College Savings Calculator - Plan Your College Fund
You will not meet your savings goal
You need to make a monthly contribution of to meet your goal.
You will exceed your savings goal
You only need to make a monthly contribution of to meet your goal.
Balance and Expenses by Years
Total Costs by Child
Planning to save for Mississippi College? Our Mississippi College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $21,698 for in-state students and $21,698 for out-of-state students, plus a 48.9% admission rate, strategic financial planning is essential for your Mississippi College college fund.
About Mississippi College
Mississippi College is a highly selective institution with 2,423 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of 22.5. Understanding these costs upfront allows families to create an effective savings strategy for their Mississippi College education fund.
Current Mississippi College Costs
- In-State Tuition: $21,698 per year
- Out-of-State Tuition: $21,698 per year
- Total Students: 2,423
- Admission Rate: 48.9%
Use our calculator above to determine your personalized savings plan for Mississippi College.
Smart Savings Strategies for Mississippi College
Given the moderate cost tuition costs at Mississippi 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 Mississippi College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Mississippi College fund
4. Investment Growth
With Mississippi College's tuition costs, consider growth-oriented investments for long-term savings
Mississippi College Graduate Outcomes
- Median Earnings (10 years): $47,485
- Loan Repayment Rate: 1536.0
- Value Rating: Good
These outcomes show positive return on investment, making your Mississippi College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Mississippi College costs $21,698 per year for in-state students and $21,698 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 Mississippi College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $21,698 annual cost. Starting when your child is born gives you 18 years to save.
Mississippi College has a 48.9% admission rate, making it highly competitive. With 2,423 total students and average test scores of N/A SAT and 22.5 ACT, preparation and planning are important.
Mississippi College graduates earn a median salary of $47,485 ten years after graduation, with a 1536.0 loan repayment rate. This represents positive value given the $21,698 tuition cost.
Use our Mississippi 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 $21,698 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 $93,521 total cost by $50,449. To fully fund college, you'd need to save at least $217 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $93,521 total cost for 4 years at Mississippi College with $14,159 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $93,521 total cost for 4 years at Mississippi College with $121,839 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $93,521 total cost for 4 years at Mississippi College with $337,200 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $93,521 total cost for 4 years at Mississippi College with $983,281 extra for additional expenses.