The University of Tennessee-Knoxville 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 Tennessee-Knoxville? Our The University of Tennessee-Knoxville savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $13,484 for in-state students and $31,974 for out-of-state students, plus a 46.0% admission rate, strategic financial planning is essential for your The University of Tennessee-Knoxville college fund.
About The University of Tennessee-Knoxville
The University of Tennessee-Knoxville is a highly selective institution with 28,763 students. The college maintains high academic standards with average SAT scores of 1265 and ACT scores of 28.0. Understanding these costs upfront allows families to create an effective savings strategy for their The University of Tennessee-Knoxville education fund.
Current The University of Tennessee-Knoxville Costs
- In-State Tuition: $13,484 per year
- Out-of-State Tuition: $31,974 per year
- Total Students: 28,763
- Admission Rate: 46.0%
Use our calculator above to determine your personalized savings plan for The University of Tennessee-Knoxville.
Smart Savings Strategies for The University of Tennessee-Knoxville
Given the affordable tuition costs at The University of Tennessee-Knoxville, 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 Tennessee-Knoxville planning
3. Automatic Savings
Set up monthly transfers to consistently build your The University of Tennessee-Knoxville fund
4. Investment Growth
With The University of Tennessee-Knoxville's tuition costs, consider growth-oriented investments for long-term savings
The University of Tennessee-Knoxville Graduate Outcomes
- Median Earnings (10 years): $60,249
- Loan Repayment Rate: 6969.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your The University of Tennessee-Knoxville savings strategy more compelling from a financial perspective.
Frequently Asked Questions
The University of Tennessee-Knoxville costs $13,484 per year for in-state students and $31,974 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 Tennessee-Knoxville is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $13,484 annual cost. Starting when your child is born gives you 18 years to save.
The University of Tennessee-Knoxville has a 46.0% admission rate, making it highly competitive. With 28,763 total students and average test scores of 1265 SAT and 28.0 ACT, preparation and planning are important.
The University of Tennessee-Knoxville graduates earn a median salary of $60,249 ten years after graduation, with a 6969.0 loan repayment rate. This represents positive value given the $13,484 tuition cost.
Use our The University of Tennessee-Knoxville 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 $13,484 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 $58,118 total cost by $15,046. To fully fund college, you'd need to save at least $135 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $58,118 total cost for 4 years at The University of Tennessee-Knoxville with $49,563 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $58,118 total cost for 4 years at The University of Tennessee-Knoxville with $157,243 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $58,118 total cost for 4 years at The University of Tennessee-Knoxville with $372,603 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $58,118 total cost for 4 years at The University of Tennessee-Knoxville with $1,018,685 extra for additional expenses.