Old Dominion University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Old Dominion University? Our Old Dominion University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $12,262 for in-state students and $32,662 for out-of-state students, plus a 90.5% admission rate, strategic financial planning is essential for your Old Dominion University college fund.
About Old Dominion University
Old Dominion University is a highly selective institution with 17,521 students. The college maintains high academic standards with average SAT scores of 1200 and ACT scores of 24.5. Understanding these costs upfront allows families to create an effective savings strategy for their Old Dominion University education fund.
Current Old Dominion University Costs
- In-State Tuition: $12,262 per year
- Out-of-State Tuition: $32,662 per year
- Total Students: 17,521
- Admission Rate: 90.5%
Use our calculator above to determine your personalized savings plan for Old Dominion University.
Smart Savings Strategies for Old Dominion University
Given the affordable tuition costs at Old Dominion 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 Old Dominion University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Old Dominion University fund
4. Investment Growth
With Old Dominion University's tuition costs, consider growth-oriented investments for long-term savings
Old Dominion University Graduate Outcomes
- Median Earnings (10 years): $54,914
- Loan Repayment Rate: 8463.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Old Dominion University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Old Dominion University costs $12,262 per year for in-state students and $32,662 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 Old Dominion University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $12,262 annual cost. Starting when your child is born gives you 18 years to save.
Old Dominion University has a 90.5% admission rate, making it highly competitive. With 17,521 total students and average test scores of 1200 SAT and 24.5 ACT, preparation and planning are important.
Old Dominion University graduates earn a median salary of $54,914 ten years after graduation, with a 8463.0 loan repayment rate. This represents positive value given the $12,262 tuition cost.
Use our Old Dominion 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 $12,262 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 $52,851 total cost by $9,779. To fully fund college, you'd need to save at least $123 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $52,851 total cost for 4 years at Old Dominion University with $54,830 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $52,851 total cost for 4 years at Old Dominion University with $162,510 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $52,851 total cost for 4 years at Old Dominion University with $377,870 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $52,851 total cost for 4 years at Old Dominion University with $1,023,952 extra for additional expenses.