University of Maryland-Baltimore County 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 Maryland-Baltimore County? Our University of Maryland-Baltimore County savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $12,952 for in-state students and $30,308 for out-of-state students, plus a 74.2% admission rate, strategic financial planning is essential for your University of Maryland-Baltimore County college fund.
About University of Maryland-Baltimore County
University of Maryland-Baltimore County is a highly selective institution with 10,434 students. The college maintains high academic standards with average SAT scores of 1315 and ACT scores of 26.5. Understanding these costs upfront allows families to create an effective savings strategy for their University of Maryland-Baltimore County education fund.
Current University of Maryland-Baltimore County Costs
- In-State Tuition: $12,952 per year
- Out-of-State Tuition: $30,308 per year
- Total Students: 10,434
- Admission Rate: 74.2%
Use our calculator above to determine your personalized savings plan for University of Maryland-Baltimore County.
Smart Savings Strategies for University of Maryland-Baltimore County
Given the affordable tuition costs at University of Maryland-Baltimore County, 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 Maryland-Baltimore County planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Maryland-Baltimore County fund
4. Investment Growth
With University of Maryland-Baltimore County's tuition costs, consider growth-oriented investments for long-term savings
University of Maryland-Baltimore County Graduate Outcomes
- Median Earnings (10 years): $69,960
- Loan Repayment Rate: 3497.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Maryland-Baltimore County savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Maryland-Baltimore County costs $12,952 per year for in-state students and $30,308 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 Maryland-Baltimore County is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $12,952 annual cost. Starting when your child is born gives you 18 years to save.
University of Maryland-Baltimore County has a 74.2% admission rate, making it highly competitive. With 10,434 total students and average test scores of 1315 SAT and 26.5 ACT, preparation and planning are important.
University of Maryland-Baltimore County graduates earn a median salary of $69,960 ten years after graduation, with a 3497.0 loan repayment rate. This represents positive value given the $12,952 tuition cost.
Use our University of Maryland-Baltimore County 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 $12,952 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 $55,825 total cost by $12,753. To fully fund college, you'd need to save at least $130 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $55,825 total cost for 4 years at University of Maryland-Baltimore County with $51,856 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $55,825 total cost for 4 years at University of Maryland-Baltimore County with $159,536 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $55,825 total cost for 4 years at University of Maryland-Baltimore County with $374,896 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $55,825 total cost for 4 years at University of Maryland-Baltimore County with $1,020,978 extra for additional expenses.