University of Iowa 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 Iowa? Our University of Iowa savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $10,964 for in-state students and $32,927 for out-of-state students, plus a 84.7% admission rate, strategic financial planning is essential for your University of Iowa college fund.
About University of Iowa
University of Iowa is a highly selective institution with 21,691 students. The college maintains high academic standards with average SAT scores of 1225 and ACT scores of 25.0. Understanding these costs upfront allows families to create an effective savings strategy for their University of Iowa education fund.
Current University of Iowa Costs
- In-State Tuition: $10,964 per year
- Out-of-State Tuition: $32,927 per year
- Total Students: 21,691
- Admission Rate: 84.7%
Use our calculator above to determine your personalized savings plan for University of Iowa.
Smart Savings Strategies for University of Iowa
Given the affordable tuition costs at University of Iowa, 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 Iowa planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Iowa fund
4. Investment Growth
With University of Iowa's tuition costs, consider growth-oriented investments for long-term savings
University of Iowa Graduate Outcomes
- Median Earnings (10 years): $64,762
- Loan Repayment Rate: 7498.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Iowa savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Iowa costs $10,964 per year for in-state students and $32,927 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 Iowa is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $10,964 annual cost. Starting when your child is born gives you 18 years to save.
University of Iowa has a 84.7% admission rate, making it highly competitive. With 21,691 total students and average test scores of 1225 SAT and 25.0 ACT, preparation and planning are important.
University of Iowa graduates earn a median salary of $64,762 ten years after graduation, with a 7498.0 loan repayment rate. This represents positive value given the $10,964 tuition cost.
Use our University of Iowa 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 $10,964 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 $47,256 total cost by $4,184. To fully fund college, you'd need to save at least $110 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $47,256 total cost for 4 years at University of Iowa with $60,424 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $47,256 total cost for 4 years at University of Iowa with $168,104 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $47,256 total cost for 4 years at University of Iowa with $383,465 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $47,256 total cost for 4 years at University of Iowa with $1,029,546 extra for additional expenses.