Pennsylvania State University-Penn State Scranton Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Pennsylvania State University-Penn State Scranton? Our Pennsylvania State University-Penn State Scranton savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $15,180 for in-state students and $25,118 for out-of-state students, plus a 94.9% admission rate, strategic financial planning is essential for your Pennsylvania State University-Penn State Scranton college fund.
About Pennsylvania State University-Penn State Scranton
Pennsylvania State University-Penn State Scranton is a highly selective institution with 821 students. The college maintains high academic standards with average SAT scores of 1175 and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their Pennsylvania State University-Penn State Scranton education fund.
Current Pennsylvania State University-Penn State Scranton Costs
- In-State Tuition: $15,180 per year
- Out-of-State Tuition: $25,118 per year
- Total Students: 821
- Admission Rate: 94.9%
Use our calculator above to determine your personalized savings plan for Pennsylvania State University-Penn State Scranton.
Smart Savings Strategies for Pennsylvania State University-Penn State Scranton
Given the moderate cost tuition costs at Pennsylvania State University-Penn State Scranton, 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 Pennsylvania State University-Penn State Scranton planning
3. Automatic Savings
Set up monthly transfers to consistently build your Pennsylvania State University-Penn State Scranton fund
4. Investment Growth
With Pennsylvania State University-Penn State Scranton's tuition costs, consider growth-oriented investments for long-term savings
Pennsylvania State University-Penn State Scranton Graduate Outcomes
- Median Earnings (10 years): $63,435
- Loan Repayment Rate: 31926.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Pennsylvania State University-Penn State Scranton savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Pennsylvania State University-Penn State Scranton costs $15,180 per year for in-state students and $25,118 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 Pennsylvania State University-Penn State Scranton is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $15,180 annual cost. Starting when your child is born gives you 18 years to save.
Pennsylvania State University-Penn State Scranton has a 94.9% admission rate, making it highly competitive. With 821 total students and average test scores of 1175 SAT and N/A ACT, preparation and planning are important.
Pennsylvania State University-Penn State Scranton graduates earn a median salary of $63,435 ten years after graduation, with a 31926.0 loan repayment rate. This represents positive value given the $15,180 tuition cost.
Use our Pennsylvania State University-Penn State Scranton 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 $15,180 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 $65,428 total cost by $22,356. To fully fund college, you'd need to save at least $152 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $65,428 total cost for 4 years at Pennsylvania State University-Penn State Scranton with $42,253 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $65,428 total cost for 4 years at Pennsylvania State University-Penn State Scranton with $149,933 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $65,428 total cost for 4 years at Pennsylvania State University-Penn State Scranton with $365,293 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $65,428 total cost for 4 years at Pennsylvania State University-Penn State Scranton with $1,011,375 extra for additional expenses.