Rhode Island College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Rhode Island College? Our Rhode Island College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $10,986 for in-state students and $26,519 for out-of-state students, plus a 81.1% admission rate, strategic financial planning is essential for your Rhode Island College college fund.
About Rhode Island College
Rhode Island College is a highly selective institution with 4,630 students. The college maintains high academic standards with average SAT scores of 1010 and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their Rhode Island College education fund.
Current Rhode Island College Costs
- In-State Tuition: $10,986 per year
- Out-of-State Tuition: $26,519 per year
- Total Students: 4,630
- Admission Rate: 81.1%
Use our calculator above to determine your personalized savings plan for Rhode Island College.
Smart Savings Strategies for Rhode Island College
Given the affordable tuition costs at Rhode Island College, 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 Rhode Island College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Rhode Island College fund
4. Investment Growth
With Rhode Island College's tuition costs, consider growth-oriented investments for long-term savings
Rhode Island College Graduate Outcomes
- Median Earnings (10 years): $56,318
- Loan Repayment Rate: 3308.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Rhode Island College savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Rhode Island College costs $10,986 per year for in-state students and $26,519 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 Rhode Island College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $10,986 annual cost. Starting when your child is born gives you 18 years to save.
Rhode Island College has a 81.1% admission rate, making it highly competitive. With 4,630 total students and average test scores of 1010 SAT and N/A ACT, preparation and planning are important.
Rhode Island College graduates earn a median salary of $56,318 ten years after graduation, with a 3308.0 loan repayment rate. This represents positive value given the $10,986 tuition cost.
Use our Rhode Island College 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 $10,986 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 $47,351 total cost by $4,279. To fully fund college, you'd need to save at least $110 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $47,351 total cost for 4 years at Rhode Island College with $60,329 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $47,351 total cost for 4 years at Rhode Island College with $168,009 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $47,351 total cost for 4 years at Rhode Island College with $383,370 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $47,351 total cost for 4 years at Rhode Island College with $1,029,452 extra for additional expenses.