Oakwood University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Oakwood University? Our Oakwood University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $21,838 for in-state students and $21,838 for out-of-state students, plus a 50.5% admission rate, strategic financial planning is essential for your Oakwood University college fund.
About Oakwood University
Oakwood University is a highly selective institution with 1,253 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their Oakwood University education fund.
Current Oakwood University Costs
- In-State Tuition: $21,838 per year
- Out-of-State Tuition: $21,838 per year
- Total Students: 1,253
- Admission Rate: 50.5%
Use our calculator above to determine your personalized savings plan for Oakwood University.
Smart Savings Strategies for Oakwood University
Given the moderate cost tuition costs at Oakwood 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 Oakwood University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Oakwood University fund
4. Investment Growth
With Oakwood University's tuition costs, consider growth-oriented investments for long-term savings
Oakwood University Graduate Outcomes
- Median Earnings (10 years): $42,488
- Loan Repayment Rate: 1008.0
- Value Rating: Good
These outcomes show positive return on investment, making your Oakwood University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Oakwood University costs $21,838 per year for in-state students and $21,838 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 Oakwood University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $21,838 annual cost. Starting when your child is born gives you 18 years to save.
Oakwood University has a 50.5% admission rate, making it highly competitive. With 1,253 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Oakwood University graduates earn a median salary of $42,488 ten years after graduation, with a 1008.0 loan repayment rate. This represents positive value given the $21,838 tuition cost.
Use our Oakwood 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 $21,838 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 $94,125 total cost by $51,052. To fully fund college, you'd need to save at least $219 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $94,125 total cost for 4 years at Oakwood University with $13,556 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $94,125 total cost for 4 years at Oakwood University with $121,236 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $94,125 total cost for 4 years at Oakwood University with $336,597 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $94,125 total cost for 4 years at Oakwood University with $982,678 extra for additional expenses.