Simmons University Savings Calculator - Plan Your College Fund
You will not meet your savings goal
You need to make a monthly contribution of to meet your goal.
You will exceed your savings goal
You only need to make a monthly contribution of to meet your goal.
Balance and Expenses by Years
Total Costs by Child
Planning to save for Simmons University? Our Simmons University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $45,538 for in-state students and $45,538 for out-of-state students, plus a 66.0% admission rate, strategic financial planning is essential for your Simmons University college fund.
About Simmons University
Simmons University is a highly selective institution with 1,750 students. The college maintains high academic standards with average SAT scores of 1310 and ACT scores of 28.5. Understanding these costs upfront allows families to create an effective savings strategy for their Simmons University education fund.
Current Simmons University Costs
- In-State Tuition: $45,538 per year
- Out-of-State Tuition: $45,538 per year
- Total Students: 1,750
- Admission Rate: 66.0%
Use our calculator above to determine your personalized savings plan for Simmons University.
Smart Savings Strategies for Simmons University
Given the premium cost tuition costs at Simmons 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 Simmons University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Simmons University fund
4. Investment Growth
With Simmons University's tuition costs, consider growth-oriented investments for long-term savings
Simmons University Graduate Outcomes
- Median Earnings (10 years): $63,494
- Loan Repayment Rate: 893.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Simmons University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Simmons University costs $45,538 per year for in-state students and $45,538 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 University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $45,538 annual cost. Starting when your child is born gives you 18 years to save.
Simmons University has a 66.0% admission rate, making it highly competitive. With 1,750 total students and average test scores of 1310 SAT and 28.5 ACT, preparation and planning are important.
Simmons University graduates earn a median salary of $63,494 ten years after graduation, with a 893.0 loan repayment rate. This represents positive value given the $45,538 tuition cost.
Use our Simmons 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 $45,538 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 $196,274 total cost by $153,202. To fully fund college, you'd need to save at least $456 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $196,274 total cost by $88,594. To fully fund college, you'd need to save at least $456 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $196,274 total cost for 4 years at Simmons University with $19,086 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $196,274 total cost for 4 years at Simmons University with $234,447 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $196,274 total cost for 4 years at Simmons University with $880,528 extra for additional expenses.