The University of Tennessee-Martin 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-Martin? Our The University of Tennessee-Martin savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $10,208 for in-state students and $16,248 for out-of-state students, plus a 87.3% admission rate, strategic financial planning is essential for your The University of Tennessee-Martin college fund.
About The University of Tennessee-Martin
The University of Tennessee-Martin is a highly selective institution with 4,600 students. The college maintains high academic standards with average SAT scores of 1105 and ACT scores of 21.5. Understanding these costs upfront allows families to create an effective savings strategy for their The University of Tennessee-Martin education fund.
Current The University of Tennessee-Martin Costs
- In-State Tuition: $10,208 per year
- Out-of-State Tuition: $16,248 per year
- Total Students: 4,600
- Admission Rate: 87.3%
Use our calculator above to determine your personalized savings plan for The University of Tennessee-Martin.
Smart Savings Strategies for The University of Tennessee-Martin
Given the affordable tuition costs at The University of Tennessee-Martin, 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-Martin planning
3. Automatic Savings
Set up monthly transfers to consistently build your The University of Tennessee-Martin fund
4. Investment Growth
With The University of Tennessee-Martin's tuition costs, consider growth-oriented investments for long-term savings
The University of Tennessee-Martin Graduate Outcomes
- Median Earnings (10 years): $44,213
- Loan Repayment Rate: 3197.0
- Value Rating: Good
These outcomes show positive return on investment, making your The University of Tennessee-Martin savings strategy more compelling from a financial perspective.
Frequently Asked Questions
The University of Tennessee-Martin costs $10,208 per year for in-state students and $16,248 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-Martin is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $10,208 annual cost. Starting when your child is born gives you 18 years to save.
The University of Tennessee-Martin has a 87.3% admission rate, making it highly competitive. With 4,600 total students and average test scores of 1105 SAT and 21.5 ACT, preparation and planning are important.
The University of Tennessee-Martin graduates earn a median salary of $44,213 ten years after graduation, with a 3197.0 loan repayment rate. This represents positive value given the $10,208 tuition cost.
Use our The University of Tennessee-Martin 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 $10,208 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 $43,998 total cost by $926. To fully fund college, you'd need to save at least $102 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $43,998 total cost for 4 years at The University of Tennessee-Martin with $63,683 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $43,998 total cost for 4 years at The University of Tennessee-Martin with $171,363 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $43,998 total cost for 4 years at The University of Tennessee-Martin with $386,723 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $43,998 total cost for 4 years at The University of Tennessee-Martin with $1,032,805 extra for additional expenses.