Rice University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Rice University? Our Rice University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $58,128 for in-state students and $58,128 for out-of-state students, plus a 7.9% admission rate, strategic financial planning is essential for your Rice University college fund.
About Rice University
Rice University is a highly selective institution with 4,562 students. The college maintains high academic standards with average SAT scores of 1535 and ACT scores of 35.0. Understanding these costs upfront allows families to create an effective savings strategy for their Rice University education fund.
Current Rice University Costs
- In-State Tuition: $58,128 per year
- Out-of-State Tuition: $58,128 per year
- Total Students: 4,562
- Admission Rate: 7.9%
Use our calculator above to determine your personalized savings plan for Rice University.
Smart Savings Strategies for Rice University
Given the premium cost tuition costs at Rice 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 Rice University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Rice University fund
4. Investment Growth
With Rice University's tuition costs, consider growth-oriented investments for long-term savings
Rice University Graduate Outcomes
- Median Earnings (10 years): $89,718
- Loan Repayment Rate: 413.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Rice University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Rice University costs $58,128 per year for in-state students and $58,128 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 Rice University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $58,128 annual cost. Starting when your child is born gives you 18 years to save.
Rice University has a 7.9% admission rate, making it highly competitive. With 4,562 total students and average test scores of 1535 SAT and 35.0 ACT, preparation and planning are important.
Rice University graduates earn a median salary of $89,718 ten years after graduation, with a 413.0 loan repayment rate. This represents positive value given the $58,128 tuition cost.
Use our Rice 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 $58,128 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 $250,539 total cost by $207,467. To fully fund college, you'd need to save at least $582 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $250,539 total cost by $142,859. To fully fund college, you'd need to save at least $582 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $250,539 total cost by $35,178. To fully fund college, you'd need to save at least $582 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $250,539 total cost for 4 years at Rice University with $180,182 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $250,539 total cost for 4 years at Rice University with $826,264 extra for additional expenses.