Simmons College of Kentucky Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Simmons College of Kentucky? Our Simmons College of Kentucky savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $16,398 for in-state students and $16,398 for out-of-state students, plus a 98.2% admission rate, strategic financial planning is essential for your Simmons College of Kentucky college fund.
About Simmons College of Kentucky
Simmons College of Kentucky is a highly selective institution with 381 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 Simmons College of Kentucky education fund.
Current Simmons College of Kentucky Costs
- In-State Tuition: $16,398 per year
- Out-of-State Tuition: $16,398 per year
- Total Students: 381
- Admission Rate: 98.2%
Use our calculator above to determine your personalized savings plan for Simmons College of Kentucky.
Smart Savings Strategies for Simmons College of Kentucky
Given the moderate cost tuition costs at Simmons College of Kentucky, 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 Simmons College of Kentucky planning
3. Automatic Savings
Set up monthly transfers to consistently build your Simmons College of Kentucky fund
4. Investment Growth
With Simmons College of Kentucky's tuition costs, consider growth-oriented investments for long-term savings
Simmons College of Kentucky Graduate Outcomes
- Median Earnings (10 years): N/A
- Loan Repayment Rate: N/A
- Value Rating: Good
These outcomes show positive return on investment, making your Simmons College of Kentucky savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Simmons College of Kentucky costs $16,398 per year for in-state students and $16,398 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 Simmons College of Kentucky is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $16,398 annual cost. Starting when your child is born gives you 18 years to save.
Simmons College of Kentucky has a 98.2% admission rate, making it highly competitive. With 381 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Simmons College of Kentucky graduates earn a median salary of N/A ten years after graduation, with a N/A loan repayment rate. This represents positive value given the $16,398 tuition cost.
Use our Simmons College of Kentucky 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 $16,398 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 $70,677 total cost by $27,605. To fully fund college, you'd need to save at least $164 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $70,677 total cost for 4 years at Simmons College of Kentucky with $37,003 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $70,677 total cost for 4 years at Simmons College of Kentucky with $144,683 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $70,677 total cost for 4 years at Simmons College of Kentucky with $360,044 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $70,677 total cost for 4 years at Simmons College of Kentucky with $1,006,125 extra for additional expenses.