The University of Alabama Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for The University of Alabama? Our The University of Alabama savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $11,900 for in-state students and $33,200 for out-of-state students, plus a 75.8% admission rate, strategic financial planning is essential for your The University of Alabama college fund.
About The University of Alabama
The University of Alabama is a highly selective institution with 32,323 students. The college maintains high academic standards with average SAT scores of 1285 and ACT scores of 27.5. Understanding these costs upfront allows families to create an effective savings strategy for their The University of Alabama education fund.
Current The University of Alabama Costs
- In-State Tuition: $11,900 per year
- Out-of-State Tuition: $33,200 per year
- Total Students: 32,323
- Admission Rate: 75.8%
Use our calculator above to determine your personalized savings plan for The University of Alabama.
Smart Savings Strategies for The University of Alabama
Given the affordable tuition costs at The University of Alabama, 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 The University of Alabama planning
3. Automatic Savings
Set up monthly transfers to consistently build your The University of Alabama fund
4. Investment Growth
With The University of Alabama's tuition costs, consider growth-oriented investments for long-term savings
The University of Alabama Graduate Outcomes
- Median Earnings (10 years): $59,221
- Loan Repayment Rate: 7612.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your The University of Alabama savings strategy more compelling from a financial perspective.
Frequently Asked Questions
The University of Alabama costs $11,900 per year for in-state students and $33,200 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 The University of Alabama is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $11,900 annual cost. Starting when your child is born gives you 18 years to save.
The University of Alabama has a 75.8% admission rate, making it highly competitive. With 32,323 total students and average test scores of 1285 SAT and 27.5 ACT, preparation and planning are important.
The University of Alabama graduates earn a median salary of $59,221 ten years after graduation, with a 7612.0 loan repayment rate. This represents positive value given the $11,900 tuition cost.
Use our The University of Alabama 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 $11,900 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 $51,290 total cost by $8,218. To fully fund college, you'd need to save at least $119 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $51,290 total cost for 4 years at The University of Alabama with $56,390 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $51,290 total cost for 4 years at The University of Alabama with $164,070 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $51,290 total cost for 4 years at The University of Alabama with $379,431 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $51,290 total cost for 4 years at The University of Alabama with $1,025,512 extra for additional expenses.