University of Kentucky 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 Kentucky? Our University of Kentucky savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $13,212 for in-state students and $33,406 for out-of-state students, plus a 92.4% admission rate, strategic financial planning is essential for your University of Kentucky college fund.
About University of Kentucky
University of Kentucky is a highly selective institution with 23,189 students. The college maintains high academic standards with average SAT scores of 1185 and ACT scores of 24.5. Understanding these costs upfront allows families to create an effective savings strategy for their University of Kentucky education fund.
Current University of Kentucky Costs
- In-State Tuition: $13,212 per year
- Out-of-State Tuition: $33,406 per year
- Total Students: 23,189
- Admission Rate: 92.4%
Use our calculator above to determine your personalized savings plan for University of Kentucky.
Smart Savings Strategies for University of Kentucky
Given the affordable tuition costs at University of Kentucky, 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 Kentucky planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Kentucky fund
4. Investment Growth
With University of Kentucky's tuition costs, consider growth-oriented investments for long-term savings
University of Kentucky Graduate Outcomes
- Median Earnings (10 years): $59,025
- Loan Repayment Rate: 6505.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Kentucky savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Kentucky costs $13,212 per year for in-state students and $33,406 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 Kentucky is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $13,212 annual cost. Starting when your child is born gives you 18 years to save.
University of Kentucky has a 92.4% admission rate, making it highly competitive. With 23,189 total students and average test scores of 1185 SAT and 24.5 ACT, preparation and planning are important.
University of Kentucky graduates earn a median salary of $59,025 ten years after graduation, with a 6505.0 loan repayment rate. This represents positive value given the $13,212 tuition cost.
Use our University of Kentucky 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 $13,212 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 $56,945 total cost by $13,873. To fully fund college, you'd need to save at least $132 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $56,945 total cost for 4 years at University of Kentucky with $50,735 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $56,945 total cost for 4 years at University of Kentucky with $158,415 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $56,945 total cost for 4 years at University of Kentucky with $373,776 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $56,945 total cost for 4 years at University of Kentucky with $1,019,857 extra for additional expenses.