Norfolk 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 Norfolk State University? Our Norfolk State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $9,910 for in-state students and $21,412 for out-of-state students, plus a 87.5% admission rate, strategic financial planning is essential for your Norfolk State University college fund.
About Norfolk State University
Norfolk State University is a highly selective institution with 5,495 students. The college maintains high academic standards with average SAT scores of 970 and ACT scores of 18.5. Understanding these costs upfront allows families to create an effective savings strategy for their Norfolk State University education fund.
Current Norfolk State University Costs
- In-State Tuition: $9,910 per year
- Out-of-State Tuition: $21,412 per year
- Total Students: 5,495
- Admission Rate: 87.5%
Use our calculator above to determine your personalized savings plan for Norfolk State University.
Smart Savings Strategies for Norfolk State University
Given the affordable tuition costs at Norfolk 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 Norfolk State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Norfolk State University fund
4. Investment Growth
With Norfolk State University's tuition costs, consider growth-oriented investments for long-term savings
Norfolk State University Graduate Outcomes
- Median Earnings (10 years): $44,666
- Loan Repayment Rate: 3893.0
- Value Rating: Good
These outcomes show positive return on investment, making your Norfolk State University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Norfolk State University costs $9,910 per year for in-state students and $21,412 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 Norfolk State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $9,910 annual cost. Starting when your child is born gives you 18 years to save.
Norfolk State University has a 87.5% admission rate, making it highly competitive. With 5,495 total students and average test scores of 970 SAT and 18.5 ACT, preparation and planning are important.
Norfolk State University graduates earn a median salary of $44,666 ten years after graduation, with a 3893.0 loan repayment rate. This represents positive value given the $9,910 tuition cost.
Use our Norfolk 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 $9,910 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $42,713 total cost for 4 years at Norfolk State University with $359 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $42,713 total cost for 4 years at Norfolk State University with $64,967 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $42,713 total cost for 4 years at Norfolk State University with $172,647 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $42,713 total cost for 4 years at Norfolk State University with $388,008 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $42,713 total cost for 4 years at Norfolk State University with $1,034,089 extra for additional expenses.