Thomas University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Thomas University? Our Thomas University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $11,640 for in-state students and $11,640 for out-of-state students, plus a 43.2% admission rate, strategic financial planning is essential for your Thomas University college fund.
About Thomas University
Thomas University is a highly selective institution with 813 students. The college maintains high academic standards with average SAT scores of 1040 and ACT scores of 20.5. Understanding these costs upfront allows families to create an effective savings strategy for their Thomas University education fund.
Current Thomas University Costs
- In-State Tuition: $11,640 per year
- Out-of-State Tuition: $11,640 per year
- Total Students: 813
- Admission Rate: 43.2%
Use our calculator above to determine your personalized savings plan for Thomas University.
Smart Savings Strategies for Thomas University
Given the affordable tuition costs at Thomas 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 University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Thomas University fund
4. Investment Growth
With Thomas University's tuition costs, consider growth-oriented investments for long-term savings
Thomas University Graduate Outcomes
- Median Earnings (10 years): $49,716
- Loan Repayment Rate: 575.0
- Value Rating: Good
These outcomes show positive return on investment, making your Thomas University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Thomas University costs $11,640 per year for in-state students and $11,640 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 University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $11,640 annual cost. Starting when your child is born gives you 18 years to save.
Thomas University has a 43.2% admission rate, making it highly competitive. With 813 total students and average test scores of 1040 SAT and 20.5 ACT, preparation and planning are important.
Thomas University graduates earn a median salary of $49,716 ten years after graduation, with a 575.0 loan repayment rate. This represents positive value given the $11,640 tuition cost.
Use our Thomas 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 $11,640 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 $50,170 total cost by $7,098. To fully fund college, you'd need to save at least $116 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $50,170 total cost for 4 years at Thomas University with $57,510 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $50,170 total cost for 4 years at Thomas University with $165,191 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $50,170 total cost for 4 years at Thomas University with $380,551 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $50,170 total cost for 4 years at Thomas University with $1,026,633 extra for additional expenses.