Thomas More University Savings Calculator - Plan Your College Fund
You will not meet your savings goal
You need to make a monthly contribution of to meet your goal.
You will exceed your savings goal
You only need to make a monthly contribution of to meet your goal.
Balance and Expenses by Years
Total Costs by Child
Planning to save for Thomas More University? Our Thomas More University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $38,400 for in-state students and $38,400 for out-of-state students, plus a 97.0% admission rate, strategic financial planning is essential for your Thomas More University college fund.
About Thomas More University
Thomas More University is a highly selective institution with 1,305 students. The college maintains high academic standards with average SAT scores of 1075 and ACT scores of 23.5. Understanding these costs upfront allows families to create an effective savings strategy for their Thomas More University education fund.
Current Thomas More University Costs
- In-State Tuition: $38,400 per year
- Out-of-State Tuition: $38,400 per year
- Total Students: 1,305
- Admission Rate: 97.0%
Use our calculator above to determine your personalized savings plan for Thomas More University.
Smart Savings Strategies for Thomas More University
Given the premium cost tuition costs at Thomas More 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 Thomas More University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Thomas More University fund
4. Investment Growth
With Thomas More University's tuition costs, consider growth-oriented investments for long-term savings
Thomas More University Graduate Outcomes
- Median Earnings (10 years): $59,384
- Loan Repayment Rate: 776.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Thomas More University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Thomas More University costs $38,400 per year for in-state students and $38,400 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 Thomas More University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $38,400 annual cost. Starting when your child is born gives you 18 years to save.
Thomas More University has a 97.0% admission rate, making it highly competitive. With 1,305 total students and average test scores of 1075 SAT and 23.5 ACT, preparation and planning are important.
Thomas More University graduates earn a median salary of $59,384 ten years after graduation, with a 776.0 loan repayment rate. This represents positive value given the $38,400 tuition cost.
Use our Thomas More 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 $38,400 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 $165,509 total cost by $122,437. To fully fund college, you'd need to save at least $384 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $165,509 total cost by $57,829. To fully fund college, you'd need to save at least $384 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $165,509 total cost for 4 years at Thomas More University with $49,852 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $165,509 total cost for 4 years at Thomas More University with $265,212 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $165,509 total cost for 4 years at Thomas More University with $911,294 extra for additional expenses.