Tennessee State University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Tennessee State University? Our Tennessee State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $8,568 for in-state students and $22,284 for out-of-state students, plus a 92.6% admission rate, strategic financial planning is essential for your Tennessee State University college fund.
About Tennessee State University
Tennessee State University is a highly selective institution with 6,498 students. The college maintains high academic standards with average SAT scores of 962 and ACT scores of 18.5. Understanding these costs upfront allows families to create an effective savings strategy for their Tennessee State University education fund.
Current Tennessee State University Costs
- In-State Tuition: $8,568 per year
- Out-of-State Tuition: $22,284 per year
- Total Students: 6,498
- Admission Rate: 92.6%
Use our calculator above to determine your personalized savings plan for Tennessee State University.
Smart Savings Strategies for Tennessee State University
Given the affordable tuition costs at Tennessee State 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 Tennessee State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Tennessee State University fund
4. Investment Growth
With Tennessee State University's tuition costs, consider growth-oriented investments for long-term savings
Tennessee State University Graduate Outcomes
- Median Earnings (10 years): $42,730
- Loan Repayment Rate: 4981.0
- Value Rating: Good
These outcomes show positive return on investment, making your Tennessee State University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Tennessee State University costs $8,568 per year for in-state students and $22,284 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 Tennessee State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $8,568 annual cost. Starting when your child is born gives you 18 years to save.
Tennessee State University has a 92.6% admission rate, making it highly competitive. With 6,498 total students and average test scores of 962 SAT and 18.5 ACT, preparation and planning are important.
Tennessee State University graduates earn a median salary of $42,730 ten years after graduation, with a 4981.0 loan repayment rate. This represents positive value given the $8,568 tuition cost.
Use our Tennessee State 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 $8,568 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $36,929 total cost for 4 years at Tennessee State University with $6,143 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $36,929 total cost for 4 years at Tennessee State University with $70,751 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $36,929 total cost for 4 years at Tennessee State University with $178,431 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $36,929 total cost for 4 years at Tennessee State University with $393,792 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $36,929 total cost for 4 years at Tennessee State University with $1,039,873 extra for additional expenses.