University of Massachusetts-Amherst 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 Massachusetts-Amherst? Our University of Massachusetts-Amherst savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $17,357 for in-state students and $39,293 for out-of-state students, plus a 57.8% admission rate, strategic financial planning is essential for your University of Massachusetts-Amherst college fund.
About University of Massachusetts-Amherst
University of Massachusetts-Amherst is a highly selective institution with 23,694 students. The college maintains high academic standards with average SAT scores of 1390 and ACT scores of 31.0. Understanding these costs upfront allows families to create an effective savings strategy for their University of Massachusetts-Amherst education fund.
Current University of Massachusetts-Amherst Costs
- In-State Tuition: $17,357 per year
- Out-of-State Tuition: $39,293 per year
- Total Students: 23,694
- Admission Rate: 57.8%
Use our calculator above to determine your personalized savings plan for University of Massachusetts-Amherst.
Smart Savings Strategies for University of Massachusetts-Amherst
Given the moderate cost tuition costs at University of Massachusetts-Amherst, 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 Massachusetts-Amherst planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Massachusetts-Amherst fund
4. Investment Growth
With University of Massachusetts-Amherst's tuition costs, consider growth-oriented investments for long-term savings
University of Massachusetts-Amherst Graduate Outcomes
- Median Earnings (10 years): $71,631
- Loan Repayment Rate: 8932.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Massachusetts-Amherst savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Massachusetts-Amherst costs $17,357 per year for in-state students and $39,293 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 Massachusetts-Amherst is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $17,357 annual cost. Starting when your child is born gives you 18 years to save.
University of Massachusetts-Amherst has a 57.8% admission rate, making it highly competitive. With 23,694 total students and average test scores of 1390 SAT and 31.0 ACT, preparation and planning are important.
University of Massachusetts-Amherst graduates earn a median salary of $71,631 ten years after graduation, with a 8932.0 loan repayment rate. This represents positive value given the $17,357 tuition cost.
Use our University of Massachusetts-Amherst 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 $17,357 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 $74,811 total cost by $31,739. To fully fund college, you'd need to save at least $174 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $74,811 total cost for 4 years at University of Massachusetts-Amherst with $32,869 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $74,811 total cost for 4 years at University of Massachusetts-Amherst with $140,550 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $74,811 total cost for 4 years at University of Massachusetts-Amherst with $355,910 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $74,811 total cost for 4 years at University of Massachusetts-Amherst with $1,001,992 extra for additional expenses.