Towson University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Towson University? Our Towson University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $11,306 for in-state students and $28,326 for out-of-state students, plus a 82.8% admission rate, strategic financial planning is essential for your Towson University college fund.
About Towson University
Towson University is a highly selective institution with 16,400 students. The college maintains high academic standards with average SAT scores of 1160 and ACT scores of 23.5. Understanding these costs upfront allows families to create an effective savings strategy for their Towson University education fund.
Current Towson University Costs
- In-State Tuition: $11,306 per year
- Out-of-State Tuition: $28,326 per year
- Total Students: 16,400
- Admission Rate: 82.8%
Use our calculator above to determine your personalized savings plan for Towson University.
Smart Savings Strategies for Towson University
Given the affordable tuition costs at Towson 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 Towson University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Towson University fund
4. Investment Growth
With Towson University's tuition costs, consider growth-oriented investments for long-term savings
Towson University Graduate Outcomes
- Median Earnings (10 years): $64,390
- Loan Repayment Rate: 6334.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Towson University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Towson University costs $11,306 per year for in-state students and $28,326 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 Towson University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $11,306 annual cost. Starting when your child is born gives you 18 years to save.
Towson University has a 82.8% admission rate, making it highly competitive. With 16,400 total students and average test scores of 1160 SAT and 23.5 ACT, preparation and planning are important.
Towson University graduates earn a median salary of $64,390 ten years after graduation, with a 6334.0 loan repayment rate. This represents positive value given the $11,306 tuition cost.
Use our Towson 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 $11,306 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 $48,730 total cost by $5,658. To fully fund college, you'd need to save at least $113 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $48,730 total cost for 4 years at Towson University with $58,950 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $48,730 total cost for 4 years at Towson University with $166,630 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $48,730 total cost for 4 years at Towson University with $381,991 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $48,730 total cost for 4 years at Towson University with $1,028,072 extra for additional expenses.