Mount Vernon Nazarene 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 Mount Vernon Nazarene University? Our Mount Vernon Nazarene University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $35,524 for in-state students and $35,524 for out-of-state students, plus a 84.3% admission rate, strategic financial planning is essential for your Mount Vernon Nazarene University college fund.
About Mount Vernon Nazarene University
Mount Vernon Nazarene University is a highly selective institution with 1,346 students. The college maintains high academic standards with average SAT scores of 1095 and ACT scores of 21.5. Understanding these costs upfront allows families to create an effective savings strategy for their Mount Vernon Nazarene University education fund.
Current Mount Vernon Nazarene University Costs
- In-State Tuition: $35,524 per year
- Out-of-State Tuition: $35,524 per year
- Total Students: 1,346
- Admission Rate: 84.3%
Use our calculator above to determine your personalized savings plan for Mount Vernon Nazarene University.
Smart Savings Strategies for Mount Vernon Nazarene University
Given the premium cost tuition costs at Mount Vernon Nazarene 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 Mount Vernon Nazarene University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Mount Vernon Nazarene University fund
4. Investment Growth
With Mount Vernon Nazarene University's tuition costs, consider growth-oriented investments for long-term savings
Mount Vernon Nazarene University Graduate Outcomes
- Median Earnings (10 years): $49,555
- Loan Repayment Rate: 1208.0
- Value Rating: Good
These outcomes show positive return on investment, making your Mount Vernon Nazarene University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Mount Vernon Nazarene University costs $35,524 per year for in-state students and $35,524 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 Mount Vernon Nazarene University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $35,524 annual cost. Starting when your child is born gives you 18 years to save.
Mount Vernon Nazarene University has a 84.3% admission rate, making it highly competitive. With 1,346 total students and average test scores of 1095 SAT and 21.5 ACT, preparation and planning are important.
Mount Vernon Nazarene University graduates earn a median salary of $49,555 ten years after graduation, with a 1208.0 loan repayment rate. This represents positive value given the $35,524 tuition cost.
Use our Mount Vernon Nazarene 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 $35,524 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 $153,113 total cost by $110,041. To fully fund college, you'd need to save at least $355 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $153,113 total cost by $45,433. To fully fund college, you'd need to save at least $355 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $153,113 total cost for 4 years at Mount Vernon Nazarene University with $62,248 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $153,113 total cost for 4 years at Mount Vernon Nazarene University with $277,608 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $153,113 total cost for 4 years at Mount Vernon Nazarene University with $923,690 extra for additional expenses.