South Dakota School of Mines and Technology Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for South Dakota School of Mines and Technology? Our South Dakota School of Mines and Technology savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $10,400 for in-state students and $14,800 for out-of-state students, plus a 85.3% admission rate, strategic financial planning is essential for your South Dakota School of Mines and Technology college fund.
About South Dakota School of Mines and Technology
South Dakota School of Mines and Technology is a highly selective institution with 2,042 students. The college maintains high academic standards with average SAT scores of 1225 and ACT scores of 26.0. Understanding these costs upfront allows families to create an effective savings strategy for their South Dakota School of Mines and Technology education fund.
Current South Dakota School of Mines and Technology Costs
- In-State Tuition: $10,400 per year
- Out-of-State Tuition: $14,800 per year
- Total Students: 2,042
- Admission Rate: 85.3%
Use our calculator above to determine your personalized savings plan for South Dakota School of Mines and Technology.
Smart Savings Strategies for South Dakota School of Mines and Technology
Given the affordable tuition costs at South Dakota School of Mines and Technology, 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 South Dakota School of Mines and Technology planning
3. Automatic Savings
Set up monthly transfers to consistently build your South Dakota School of Mines and Technology fund
4. Investment Growth
With South Dakota School of Mines and Technology's tuition costs, consider growth-oriented investments for long-term savings
South Dakota School of Mines and Technology Graduate Outcomes
- Median Earnings (10 years): $72,257
- Loan Repayment Rate: 730.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your South Dakota School of Mines and Technology savings strategy more compelling from a financial perspective.
Frequently Asked Questions
South Dakota School of Mines and Technology costs $10,400 per year for in-state students and $14,800 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 South Dakota School of Mines and Technology is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $10,400 annual cost. Starting when your child is born gives you 18 years to save.
South Dakota School of Mines and Technology has a 85.3% admission rate, making it highly competitive. With 2,042 total students and average test scores of 1225 SAT and 26.0 ACT, preparation and planning are important.
South Dakota School of Mines and Technology graduates earn a median salary of $72,257 ten years after graduation, with a 730.0 loan repayment rate. This represents positive value given the $10,400 tuition cost.
Use our South Dakota School of Mines and Technology 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 $10,400 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 $44,825 total cost by $1,753. To fully fund college, you'd need to save at least $104 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $44,825 total cost for 4 years at South Dakota School of Mines and Technology with $62,855 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $44,825 total cost for 4 years at South Dakota School of Mines and Technology with $170,535 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $44,825 total cost for 4 years at South Dakota School of Mines and Technology with $385,896 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $44,825 total cost for 4 years at South Dakota School of Mines and Technology with $1,031,977 extra for additional expenses.