Samford University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Samford University? Our Samford University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $38,144 for in-state students and $38,144 for out-of-state students, plus a 82.2% admission rate, strategic financial planning is essential for your Samford University college fund.
About Samford University
Samford University is a highly selective institution with 3,828 students. The college maintains high academic standards with average SAT scores of 1165 and ACT scores of 26.0. Understanding these costs upfront allows families to create an effective savings strategy for their Samford University education fund.
Current Samford University Costs
- In-State Tuition: $38,144 per year
- Out-of-State Tuition: $38,144 per year
- Total Students: 3,828
- Admission Rate: 82.2%
Use our calculator above to determine your personalized savings plan for Samford University.
Smart Savings Strategies for Samford University
Given the premium cost tuition costs at Samford 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 Samford University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Samford University fund
4. Investment Growth
With Samford University's tuition costs, consider growth-oriented investments for long-term savings
Samford University Graduate Outcomes
- Median Earnings (10 years): $58,469
- Loan Repayment Rate: 869.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Samford University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Samford University costs $38,144 per year for in-state students and $38,144 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 Samford University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $38,144 annual cost. Starting when your child is born gives you 18 years to save.
Samford University has a 82.2% admission rate, making it highly competitive. With 3,828 total students and average test scores of 1165 SAT and 26.0 ACT, preparation and planning are important.
Samford University graduates earn a median salary of $58,469 ten years after graduation, with a 869.0 loan repayment rate. This represents positive value given the $38,144 tuition cost.
Use our Samford 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 $38,144 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 $164,405 total cost by $121,333. To fully fund college, you'd need to save at least $382 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $164,405 total cost by $56,725. To fully fund college, you'd need to save at least $382 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $164,405 total cost for 4 years at Samford University with $50,955 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $164,405 total cost for 4 years at Samford University with $266,316 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $164,405 total cost for 4 years at Samford University with $912,397 extra for additional expenses.