University of Illinois Springfield 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 Illinois Springfield? Our University of Illinois Springfield savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $12,252 for in-state students and $22,017 for out-of-state students, plus a 84.4% admission rate, strategic financial planning is essential for your University of Illinois Springfield college fund.
About University of Illinois Springfield
University of Illinois Springfield is a highly selective institution with 2,292 students. The college maintains high academic standards with average SAT scores of 1110 and ACT scores of 24.5. Understanding these costs upfront allows families to create an effective savings strategy for their University of Illinois Springfield education fund.
Current University of Illinois Springfield Costs
- In-State Tuition: $12,252 per year
- Out-of-State Tuition: $22,017 per year
- Total Students: 2,292
- Admission Rate: 84.4%
Use our calculator above to determine your personalized savings plan for University of Illinois Springfield.
Smart Savings Strategies for University of Illinois Springfield
Given the affordable tuition costs at University of Illinois Springfield, 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 Illinois Springfield planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Illinois Springfield fund
4. Investment Growth
With University of Illinois Springfield's tuition costs, consider growth-oriented investments for long-term savings
University of Illinois Springfield Graduate Outcomes
- Median Earnings (10 years): $57,103
- Loan Repayment Rate: 1662.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Illinois Springfield savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Illinois Springfield costs $12,252 per year for in-state students and $22,017 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 Illinois Springfield is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $12,252 annual cost. Starting when your child is born gives you 18 years to save.
University of Illinois Springfield has a 84.4% admission rate, making it highly competitive. With 2,292 total students and average test scores of 1110 SAT and 24.5 ACT, preparation and planning are important.
University of Illinois Springfield graduates earn a median salary of $57,103 ten years after graduation, with a 1662.0 loan repayment rate. This represents positive value given the $12,252 tuition cost.
Use our University of Illinois Springfield 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 $12,252 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 $52,808 total cost by $9,736. To fully fund college, you'd need to save at least $123 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $52,808 total cost for 4 years at University of Illinois Springfield with $54,873 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $52,808 total cost for 4 years at University of Illinois Springfield with $162,553 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $52,808 total cost for 4 years at University of Illinois Springfield with $377,913 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $52,808 total cost for 4 years at University of Illinois Springfield with $1,023,995 extra for additional expenses.