University of Maine 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 Maine? Our University of Maine savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $12,606 for in-state students and $35,346 for out-of-state students, plus a 95.7% admission rate, strategic financial planning is essential for your University of Maine college fund.
About University of Maine
University of Maine is a highly selective institution with 8,341 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their University of Maine education fund.
Current University of Maine Costs
- In-State Tuition: $12,606 per year
- Out-of-State Tuition: $35,346 per year
- Total Students: 8,341
- Admission Rate: 95.7%
Use our calculator above to determine your personalized savings plan for University of Maine.
Smart Savings Strategies for University of Maine
Given the affordable tuition costs at University of Maine, 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 Maine planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Maine fund
4. Investment Growth
With University of Maine's tuition costs, consider growth-oriented investments for long-term savings
University of Maine Graduate Outcomes
- Median Earnings (10 years): $48,653
- Loan Repayment Rate: 4119.0
- Value Rating: Good
These outcomes show positive return on investment, making your University of Maine savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Maine costs $12,606 per year for in-state students and $35,346 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 Maine is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $12,606 annual cost. Starting when your child is born gives you 18 years to save.
University of Maine has a 95.7% admission rate, making it highly competitive. With 8,341 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
University of Maine graduates earn a median salary of $48,653 ten years after graduation, with a 4119.0 loan repayment rate. This represents positive value given the $12,606 tuition cost.
Use our University of Maine 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 $12,606 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 $54,333 total cost by $11,261. To fully fund college, you'd need to save at least $126 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $54,333 total cost for 4 years at University of Maine with $53,347 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $54,333 total cost for 4 years at University of Maine with $161,027 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $54,333 total cost for 4 years at University of Maine with $376,388 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $54,333 total cost for 4 years at University of Maine with $1,022,469 extra for additional expenses.