Saint Mary's University of Minnesota Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Saint Mary's University of Minnesota? Our Saint Mary's University of Minnesota savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $43,160 for in-state students and $43,160 for out-of-state students, plus a 88.8% admission rate, strategic financial planning is essential for your Saint Mary's University of Minnesota college fund.
About Saint Mary's University of Minnesota
Saint Mary's University of Minnesota is a highly selective institution with 1,061 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 Saint Mary's University of Minnesota education fund.
Current Saint Mary's University of Minnesota Costs
- In-State Tuition: $43,160 per year
- Out-of-State Tuition: $43,160 per year
- Total Students: 1,061
- Admission Rate: 88.8%
Use our calculator above to determine your personalized savings plan for Saint Mary's University of Minnesota.
Smart Savings Strategies for Saint Mary's University of Minnesota
Given the premium cost tuition costs at Saint Mary's University of Minnesota, 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 Saint Mary's University of Minnesota planning
3. Automatic Savings
Set up monthly transfers to consistently build your Saint Mary's University of Minnesota fund
4. Investment Growth
With Saint Mary's University of Minnesota's tuition costs, consider growth-oriented investments for long-term savings
Saint Mary's University of Minnesota Graduate Outcomes
- Median Earnings (10 years): $58,170
- Loan Repayment Rate: 1078.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Saint Mary's University of Minnesota savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Saint Mary's University of Minnesota costs $43,160 per year for in-state students and $43,160 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 Saint Mary's University of Minnesota is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $43,160 annual cost. Starting when your child is born gives you 18 years to save.
Saint Mary's University of Minnesota has a 88.8% admission rate, making it highly competitive. With 1,061 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Saint Mary's University of Minnesota graduates earn a median salary of $58,170 ten years after graduation, with a 1078.0 loan repayment rate. This represents positive value given the $43,160 tuition cost.
Use our Saint Mary's University of Minnesota 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 $43,160 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 $186,025 total cost by $142,953. To fully fund college, you'd need to save at least $432 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $186,025 total cost by $78,345. To fully fund college, you'd need to save at least $432 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $186,025 total cost for 4 years at Saint Mary's University of Minnesota with $29,336 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $186,025 total cost for 4 years at Saint Mary's University of Minnesota with $244,696 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $186,025 total cost for 4 years at Saint Mary's University of Minnesota with $890,778 extra for additional expenses.