Morgan 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 Morgan State University? Our Morgan State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $8,118 for in-state students and $18,800 for out-of-state students, plus a 83.0% admission rate, strategic financial planning is essential for your Morgan State University college fund.
About Morgan State University
Morgan State University is a highly selective institution with 8,293 students. The college maintains high academic standards with average SAT scores of 970 and ACT scores of 19.0. Understanding these costs upfront allows families to create an effective savings strategy for their Morgan State University education fund.
Current Morgan State University Costs
- In-State Tuition: $8,118 per year
- Out-of-State Tuition: $18,800 per year
- Total Students: 8,293
- Admission Rate: 83.0%
Use our calculator above to determine your personalized savings plan for Morgan State University.
Smart Savings Strategies for Morgan State University
Given the affordable tuition costs at Morgan 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 Morgan State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Morgan State University fund
4. Investment Growth
With Morgan State University's tuition costs, consider growth-oriented investments for long-term savings
Morgan State University Graduate Outcomes
- Median Earnings (10 years): $50,698
- Loan Repayment Rate: 3735.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Morgan State University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Morgan State University costs $8,118 per year for in-state students and $18,800 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 Morgan State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $8,118 annual cost. Starting when your child is born gives you 18 years to save.
Morgan State University has a 83.0% admission rate, making it highly competitive. With 8,293 total students and average test scores of 970 SAT and 19.0 ACT, preparation and planning are important.
Morgan State University graduates earn a median salary of $50,698 ten years after graduation, with a 3735.0 loan repayment rate. This represents positive value given the $8,118 tuition cost.
Use our Morgan 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 $8,118 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $34,990 total cost for 4 years at Morgan State University with $8,083 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $34,990 total cost for 4 years at Morgan State University with $72,691 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $34,990 total cost for 4 years at Morgan State University with $180,371 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $34,990 total cost for 4 years at Morgan State University with $395,731 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $34,990 total cost for 4 years at Morgan State University with $1,041,813 extra for additional expenses.