Tougaloo College Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Tougaloo College? Our Tougaloo College savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $11,398 for in-state students and $11,398 for out-of-state students, plus a 53.2% admission rate, strategic financial planning is essential for your Tougaloo College college fund.
About Tougaloo College
Tougaloo College is a highly selective institution with 681 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their Tougaloo College education fund.
Current Tougaloo College Costs
- In-State Tuition: $11,398 per year
- Out-of-State Tuition: $11,398 per year
- Total Students: 681
- Admission Rate: 53.2%
Use our calculator above to determine your personalized savings plan for Tougaloo College.
Smart Savings Strategies for Tougaloo College
Given the affordable tuition costs at Tougaloo College, 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 Tougaloo College planning
3. Automatic Savings
Set up monthly transfers to consistently build your Tougaloo College fund
4. Investment Growth
With Tougaloo College's tuition costs, consider growth-oriented investments for long-term savings
Tougaloo College Graduate Outcomes
- Median Earnings (10 years): $34,724
- Loan Repayment Rate: 522.0
- Value Rating: Fair
These outcomes show concerning return on investment, making your Tougaloo College savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Tougaloo College costs $11,398 per year for in-state students and $11,398 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 Tougaloo College is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $11,398 annual cost. Starting when your child is born gives you 18 years to save.
Tougaloo College has a 53.2% admission rate, making it highly competitive. With 681 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Tougaloo College graduates earn a median salary of $34,724 ten years after graduation, with a 522.0 loan repayment rate. This represents concerning value given the $11,398 tuition cost.
Use our Tougaloo College 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 $11,398 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 $49,127 total cost by $6,055. To fully fund college, you'd need to save at least $114 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $49,127 total cost for 4 years at Tougaloo College with $58,553 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $49,127 total cost for 4 years at Tougaloo College with $166,234 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $49,127 total cost for 4 years at Tougaloo College with $381,594 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $49,127 total cost for 4 years at Tougaloo College with $1,027,676 extra for additional expenses.