Monmouth University 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 Monmouth University? Our Monmouth University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $44,850 for in-state students and $44,850 for out-of-state students, plus a 89.5% admission rate, strategic financial planning is essential for your Monmouth University college fund.
About Monmouth University
Monmouth University is a highly selective institution with 3,831 students. The college maintains high academic standards with average SAT scores of 1197 and ACT scores of 26.0. Understanding these costs upfront allows families to create an effective savings strategy for their Monmouth University education fund.
Current Monmouth University Costs
- In-State Tuition: $44,850 per year
- Out-of-State Tuition: $44,850 per year
- Total Students: 3,831
- Admission Rate: 89.5%
Use our calculator above to determine your personalized savings plan for Monmouth University.
Smart Savings Strategies for Monmouth University
Given the premium cost tuition costs at Monmouth 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 Monmouth University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Monmouth University fund
4. Investment Growth
With Monmouth University's tuition costs, consider growth-oriented investments for long-term savings
Monmouth University Graduate Outcomes
- Median Earnings (10 years): $67,991
- Loan Repayment Rate: 2054.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Monmouth University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Monmouth University costs $44,850 per year for in-state students and $44,850 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 Monmouth University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $44,850 annual cost. Starting when your child is born gives you 18 years to save.
Monmouth University has a 89.5% admission rate, making it highly competitive. With 3,831 total students and average test scores of 1197 SAT and 26.0 ACT, preparation and planning are important.
Monmouth University graduates earn a median salary of $67,991 ten years after graduation, with a 2054.0 loan repayment rate. This represents positive value given the $44,850 tuition cost.
Use our Monmouth 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 $44,850 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 $193,309 total cost by $150,237. To fully fund college, you'd need to save at least $449 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $193,309 total cost by $85,629. To fully fund college, you'd need to save at least $449 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $193,309 total cost for 4 years at Monmouth University with $22,051 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $193,309 total cost for 4 years at Monmouth University with $237,412 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $193,309 total cost for 4 years at Monmouth University with $883,493 extra for additional expenses.