Montclair 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 Montclair State University? Our Montclair State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $14,766 for in-state students and $24,126 for out-of-state students, plus a 87.4% admission rate, strategic financial planning is essential for your Montclair State University college fund.
About Montclair State University
Montclair State University is a highly selective institution with 17,677 students. The college maintains high academic standards with average SAT scores of 1082 and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their Montclair State University education fund.
Current Montclair State University Costs
- In-State Tuition: $14,766 per year
- Out-of-State Tuition: $24,126 per year
- Total Students: 17,677
- Admission Rate: 87.4%
Use our calculator above to determine your personalized savings plan for Montclair State University.
Smart Savings Strategies for Montclair State University
Given the affordable tuition costs at Montclair 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 Montclair State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Montclair State University fund
4. Investment Growth
With Montclair State University's tuition costs, consider growth-oriented investments for long-term savings
Montclair State University Graduate Outcomes
- Median Earnings (10 years): $61,415
- Loan Repayment Rate: 6189.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Montclair State University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Montclair State University costs $14,766 per year for in-state students and $24,126 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 Montclair State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $14,766 annual cost. Starting when your child is born gives you 18 years to save.
Montclair State University has a 87.4% admission rate, making it highly competitive. With 17,677 total students and average test scores of 1082 SAT and N/A ACT, preparation and planning are important.
Montclair State University graduates earn a median salary of $61,415 ten years after graduation, with a 6189.0 loan repayment rate. This represents positive value given the $14,766 tuition cost.
Use our Montclair 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 $14,766 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 $63,643 total cost by $20,571. To fully fund college, you'd need to save at least $148 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $63,643 total cost for 4 years at Montclair State University with $44,037 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $63,643 total cost for 4 years at Montclair State University with $151,717 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $63,643 total cost for 4 years at Montclair State University with $367,078 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $63,643 total cost for 4 years at Montclair State University with $1,013,159 extra for additional expenses.