University of Louisiana at Monroe 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 Louisiana at Monroe? Our University of Louisiana at Monroe savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $9,190 for in-state students and $21,290 for out-of-state students, plus a 74.6% admission rate, strategic financial planning is essential for your University of Louisiana at Monroe college fund.
About University of Louisiana at Monroe
University of Louisiana at Monroe is a highly selective institution with 4,891 students. The college maintains high academic standards with average SAT scores of 1200 and ACT scores of 21.5. Understanding these costs upfront allows families to create an effective savings strategy for their University of Louisiana at Monroe education fund.
Current University of Louisiana at Monroe Costs
- In-State Tuition: $9,190 per year
- Out-of-State Tuition: $21,290 per year
- Total Students: 4,891
- Admission Rate: 74.6%
Use our calculator above to determine your personalized savings plan for University of Louisiana at Monroe.
Smart Savings Strategies for University of Louisiana at Monroe
Given the affordable tuition costs at University of Louisiana at Monroe, 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 Louisiana at Monroe planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Louisiana at Monroe fund
4. Investment Growth
With University of Louisiana at Monroe's tuition costs, consider growth-oriented investments for long-term savings
University of Louisiana at Monroe Graduate Outcomes
- Median Earnings (10 years): $46,769
- Loan Repayment Rate: 2197.0
- Value Rating: Good
These outcomes show positive return on investment, making your University of Louisiana at Monroe savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Louisiana at Monroe costs $9,190 per year for in-state students and $21,290 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 Louisiana at Monroe is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $9,190 annual cost. Starting when your child is born gives you 18 years to save.
University of Louisiana at Monroe has a 74.6% admission rate, making it highly competitive. With 4,891 total students and average test scores of 1200 SAT and 21.5 ACT, preparation and planning are important.
University of Louisiana at Monroe graduates earn a median salary of $46,769 ten years after graduation, with a 2197.0 loan repayment rate. This represents positive value given the $9,190 tuition cost.
Use our University of Louisiana at Monroe 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 $9,190 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $39,610 total cost for 4 years at University of Louisiana at Monroe with $3,462 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $39,610 total cost for 4 years at University of Louisiana at Monroe with $68,070 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $39,610 total cost for 4 years at University of Louisiana at Monroe with $175,750 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $39,610 total cost for 4 years at University of Louisiana at Monroe with $391,111 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $39,610 total cost for 4 years at University of Louisiana at Monroe with $1,037,193 extra for additional expenses.