Southern Illinois University-Edwardsville Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Southern Illinois University-Edwardsville? Our Southern Illinois University-Edwardsville savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $12,922 for in-state students and $12,922 for out-of-state students, plus a 97.2% admission rate, strategic financial planning is essential for your Southern Illinois University-Edwardsville college fund.
About Southern Illinois University-Edwardsville
Southern Illinois University-Edwardsville is a highly selective institution with 8,836 students. The college maintains high academic standards with average SAT scores of 1030 and ACT scores of 23.0. Understanding these costs upfront allows families to create an effective savings strategy for their Southern Illinois University-Edwardsville education fund.
Current Southern Illinois University-Edwardsville Costs
- In-State Tuition: $12,922 per year
- Out-of-State Tuition: $12,922 per year
- Total Students: 8,836
- Admission Rate: 97.2%
Use our calculator above to determine your personalized savings plan for Southern Illinois University-Edwardsville.
Smart Savings Strategies for Southern Illinois University-Edwardsville
Given the affordable tuition costs at Southern Illinois University-Edwardsville, 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 Southern Illinois University-Edwardsville planning
3. Automatic Savings
Set up monthly transfers to consistently build your Southern Illinois University-Edwardsville fund
4. Investment Growth
With Southern Illinois University-Edwardsville's tuition costs, consider growth-oriented investments for long-term savings
Southern Illinois University-Edwardsville Graduate Outcomes
- Median Earnings (10 years): $56,346
- Loan Repayment Rate: 5397.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Southern Illinois University-Edwardsville savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Southern Illinois University-Edwardsville costs $12,922 per year for in-state students and $12,922 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 Southern Illinois University-Edwardsville is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $12,922 annual cost. Starting when your child is born gives you 18 years to save.
Southern Illinois University-Edwardsville has a 97.2% admission rate, making it highly competitive. With 8,836 total students and average test scores of 1030 SAT and 23.0 ACT, preparation and planning are important.
Southern Illinois University-Edwardsville graduates earn a median salary of $56,346 ten years after graduation, with a 5397.0 loan repayment rate. This represents positive value given the $12,922 tuition cost.
Use our Southern Illinois University-Edwardsville 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 $12,922 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 $55,695 total cost by $12,623. To fully fund college, you'd need to save at least $129 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $55,695 total cost for 4 years at Southern Illinois University-Edwardsville with $51,985 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $55,695 total cost for 4 years at Southern Illinois University-Edwardsville with $159,665 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $55,695 total cost for 4 years at Southern Illinois University-Edwardsville with $375,026 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $55,695 total cost for 4 years at Southern Illinois University-Edwardsville with $1,021,107 extra for additional expenses.