University of Alabama at Birmingham Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for University of Alabama at Birmingham? Our University of Alabama at Birmingham savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $8,832 for in-state students and $21,864 for out-of-state students, plus a 88.4% admission rate, strategic financial planning is essential for your University of Alabama at Birmingham college fund.
About University of Alabama at Birmingham
University of Alabama at Birmingham is a highly selective institution with 12,118 students. The college maintains high academic standards with average SAT scores of 1265 and ACT scores of 26.0. Understanding these costs upfront allows families to create an effective savings strategy for their University of Alabama at Birmingham education fund.
Current University of Alabama at Birmingham Costs
- In-State Tuition: $8,832 per year
- Out-of-State Tuition: $21,864 per year
- Total Students: 12,118
- Admission Rate: 88.4%
Use our calculator above to determine your personalized savings plan for University of Alabama at Birmingham.
Smart Savings Strategies for University of Alabama at Birmingham
Given the affordable tuition costs at University of Alabama at Birmingham, 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 University of Alabama at Birmingham planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Alabama at Birmingham fund
4. Investment Growth
With University of Alabama at Birmingham's tuition costs, consider growth-oriented investments for long-term savings
University of Alabama at Birmingham Graduate Outcomes
- Median Earnings (10 years): $54,501
- Loan Repayment Rate: 5049.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Alabama at Birmingham savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Alabama at Birmingham costs $8,832 per year for in-state students and $21,864 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 University of Alabama at Birmingham is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $8,832 annual cost. Starting when your child is born gives you 18 years to save.
University of Alabama at Birmingham has a 88.4% admission rate, making it highly competitive. With 12,118 total students and average test scores of 1265 SAT and 26.0 ACT, preparation and planning are important.
University of Alabama at Birmingham graduates earn a median salary of $54,501 ten years after graduation, with a 5049.0 loan repayment rate. This represents positive value given the $8,832 tuition cost.
Use our University of Alabama at Birmingham 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 $8,832 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $38,067 total cost for 4 years at University of Alabama at Birmingham with $5,005 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $38,067 total cost for 4 years at University of Alabama at Birmingham with $69,613 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $38,067 total cost for 4 years at University of Alabama at Birmingham with $177,293 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $38,067 total cost for 4 years at University of Alabama at Birmingham with $392,654 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $38,067 total cost for 4 years at University of Alabama at Birmingham with $1,038,736 extra for additional expenses.