Philander Smith University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Philander Smith University? Our Philander Smith University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $13,014 for in-state students and $13,014 for out-of-state students, plus a N/A admission rate, strategic financial planning is essential for your Philander Smith University college fund.
About Philander Smith University
Philander Smith University is a selective institution with 842 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 Philander Smith University education fund.
Current Philander Smith University Costs
- In-State Tuition: $13,014 per year
- Out-of-State Tuition: $13,014 per year
- Total Students: 842
- Admission Rate: N/A
Use our calculator above to determine your personalized savings plan for Philander Smith University.
Smart Savings Strategies for Philander Smith University
Given the affordable tuition costs at Philander Smith 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 Philander Smith University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Philander Smith University fund
4. Investment Growth
With Philander Smith University's tuition costs, consider growth-oriented investments for long-term savings
Philander Smith University Graduate Outcomes
- Median Earnings (10 years): $38,427
- Loan Repayment Rate: 473.0
- Value Rating: Fair
These outcomes show concerning return on investment, making your Philander Smith University savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Philander Smith University costs $13,014 per year for in-state students and $13,014 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 Philander Smith University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $13,014 annual cost. Starting when your child is born gives you 18 years to save.
Philander Smith University has a N/A admission rate, making it selective. With 842 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Philander Smith University graduates earn a median salary of $38,427 ten years after graduation, with a 473.0 loan repayment rate. This represents concerning value given the $13,014 tuition cost.
Use our Philander Smith 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 $13,014 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 $56,092 total cost by $13,020. To fully fund college, you'd need to save at least $130 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $56,092 total cost for 4 years at Philander Smith University with $51,588 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $56,092 total cost for 4 years at Philander Smith University with $159,269 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $56,092 total cost for 4 years at Philander Smith University with $374,629 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $56,092 total cost for 4 years at Philander Smith University with $1,020,711 extra for additional expenses.