University of Mary Washington 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 Mary Washington? Our University of Mary Washington savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $14,559 for in-state students and $31,479 for out-of-state students, plus a 86.3% admission rate, strategic financial planning is essential for your University of Mary Washington college fund.
About University of Mary Washington
University of Mary Washington is a highly selective institution with 3,504 students. The college maintains high academic standards with average SAT scores of 1235 and ACT scores of 27.0. Understanding these costs upfront allows families to create an effective savings strategy for their University of Mary Washington education fund.
Current University of Mary Washington Costs
- In-State Tuition: $14,559 per year
- Out-of-State Tuition: $31,479 per year
- Total Students: 3,504
- Admission Rate: 86.3%
Use our calculator above to determine your personalized savings plan for University of Mary Washington.
Smart Savings Strategies for University of Mary Washington
Given the affordable tuition costs at University of Mary Washington, 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 Mary Washington planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Mary Washington fund
4. Investment Growth
With University of Mary Washington's tuition costs, consider growth-oriented investments for long-term savings
University of Mary Washington Graduate Outcomes
- Median Earnings (10 years): $60,613
- Loan Repayment Rate: 1401.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Mary Washington savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Mary Washington costs $14,559 per year for in-state students and $31,479 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 Mary Washington is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $14,559 annual cost. Starting when your child is born gives you 18 years to save.
University of Mary Washington has a 86.3% admission rate, making it highly competitive. With 3,504 total students and average test scores of 1235 SAT and 27.0 ACT, preparation and planning are important.
University of Mary Washington graduates earn a median salary of $60,613 ten years after graduation, with a 1401.0 loan repayment rate. This represents positive value given the $14,559 tuition cost.
Use our University of Mary Washington 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 $14,559 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 $62,751 total cost by $19,679. To fully fund college, you'd need to save at least $146 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $62,751 total cost for 4 years at University of Mary Washington with $44,929 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $62,751 total cost for 4 years at University of Mary Washington with $152,609 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $62,751 total cost for 4 years at University of Mary Washington with $367,970 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $62,751 total cost for 4 years at University of Mary Washington with $1,014,051 extra for additional expenses.