St. Mary's College of Maryland Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for St. Mary's College of Maryland? Our St. Mary's College of Maryland savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $15,236 for in-state students and $31,312 for out-of-state students, plus a 75.4% admission rate, strategic financial planning is essential for your St. Mary's College of Maryland college fund.
About St. Mary's College of Maryland
St. Mary's College of Maryland is a highly selective institution with 1,566 students. The college maintains high academic standards with average SAT scores of 1220 and ACT scores of 27.0. Understanding these costs upfront allows families to create an effective savings strategy for their St. Mary's College of Maryland education fund.
Current St. Mary's College of Maryland Costs
- In-State Tuition: $15,236 per year
- Out-of-State Tuition: $31,312 per year
- Total Students: 1,566
- Admission Rate: 75.4%
Use our calculator above to determine your personalized savings plan for St. Mary's College of Maryland.
Smart Savings Strategies for St. Mary's College of Maryland
Given the moderate cost tuition costs at St. Mary's College of Maryland, 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 St. Mary's College of Maryland planning
3. Automatic Savings
Set up monthly transfers to consistently build your St. Mary's College of Maryland fund
4. Investment Growth
With St. Mary's College of Maryland's tuition costs, consider growth-oriented investments for long-term savings
St. Mary's College of Maryland Graduate Outcomes
- Median Earnings (10 years): $60,110
- Loan Repayment Rate: 518.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your St. Mary's College of Maryland savings strategy more compelling from a financial perspective.
Frequently Asked Questions
St. Mary's College of Maryland costs $15,236 per year for in-state students and $31,312 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 St. Mary's College of Maryland is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $15,236 annual cost. Starting when your child is born gives you 18 years to save.
St. Mary's College of Maryland has a 75.4% admission rate, making it highly competitive. With 1,566 total students and average test scores of 1220 SAT and 27.0 ACT, preparation and planning are important.
St. Mary's College of Maryland graduates earn a median salary of $60,110 ten years after graduation, with a 518.0 loan repayment rate. This represents positive value given the $15,236 tuition cost.
Use our St. Mary's College of Maryland 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 $15,236 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 $65,669 total cost by $22,597. To fully fund college, you'd need to save at least $152 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $65,669 total cost for 4 years at St. Mary's College of Maryland with $42,011 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $65,669 total cost for 4 years at St. Mary's College of Maryland with $149,691 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $65,669 total cost for 4 years at St. Mary's College of Maryland with $365,052 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $65,669 total cost for 4 years at St. Mary's College of Maryland with $1,011,134 extra for additional expenses.