University of Massachusetts-Lowell 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-Lowell? Our University of Massachusetts-Lowell savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $16,570 for in-state students and $35,396 for out-of-state students, plus a 85.2% admission rate, strategic financial planning is essential for your University of Massachusetts-Lowell college fund.
About University of Massachusetts-Lowell
University of Massachusetts-Lowell is a highly selective institution with 11,632 students. The college maintains high academic standards with average SAT scores of 1265 and ACT scores of 28.0. Understanding these costs upfront allows families to create an effective savings strategy for their University of Massachusetts-Lowell education fund.
Current University of Massachusetts-Lowell Costs
- In-State Tuition: $16,570 per year
- Out-of-State Tuition: $35,396 per year
- Total Students: 11,632
- Admission Rate: 85.2%
Use our calculator above to determine your personalized savings plan for University of Massachusetts-Lowell.
Smart Savings Strategies for University of Massachusetts-Lowell
Given the moderate cost tuition costs at University of Massachusetts-Lowell, 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-Lowell planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Massachusetts-Lowell fund
4. Investment Growth
With University of Massachusetts-Lowell's tuition costs, consider growth-oriented investments for long-term savings
University of Massachusetts-Lowell Graduate Outcomes
- Median Earnings (10 years): $64,874
- Loan Repayment Rate: 5260.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Massachusetts-Lowell savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Massachusetts-Lowell costs $16,570 per year for in-state students and $35,396 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-Lowell is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $16,570 annual cost. Starting when your child is born gives you 18 years to save.
University of Massachusetts-Lowell has a 85.2% admission rate, making it highly competitive. With 11,632 total students and average test scores of 1265 SAT and 28.0 ACT, preparation and planning are important.
University of Massachusetts-Lowell graduates earn a median salary of $64,874 ten years after graduation, with a 5260.0 loan repayment rate. This represents positive value given the $16,570 tuition cost.
Use our University of Massachusetts-Lowell 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 $16,570 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 $71,419 total cost by $28,347. To fully fund college, you'd need to save at least $166 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $71,419 total cost for 4 years at University of Massachusetts-Lowell with $36,261 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $71,419 total cost for 4 years at University of Massachusetts-Lowell with $143,942 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $71,419 total cost for 4 years at University of Massachusetts-Lowell with $359,302 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $71,419 total cost for 4 years at University of Massachusetts-Lowell with $1,005,384 extra for additional expenses.