University of Michigan-Flint 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 Michigan-Flint? Our University of Michigan-Flint savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $14,014 for in-state students and $31,274 for out-of-state students, plus a 68.8% admission rate, strategic financial planning is essential for your University of Michigan-Flint college fund.
About University of Michigan-Flint
University of Michigan-Flint is a highly selective institution with 4,157 students. The college maintains high academic standards with average SAT scores of 1080 and ACT scores of 23.0. Understanding these costs upfront allows families to create an effective savings strategy for their University of Michigan-Flint education fund.
Current University of Michigan-Flint Costs
- In-State Tuition: $14,014 per year
- Out-of-State Tuition: $31,274 per year
- Total Students: 4,157
- Admission Rate: 68.8%
Use our calculator above to determine your personalized savings plan for University of Michigan-Flint.
Smart Savings Strategies for University of Michigan-Flint
Given the affordable tuition costs at University of Michigan-Flint, 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 Michigan-Flint planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Michigan-Flint fund
4. Investment Growth
With University of Michigan-Flint's tuition costs, consider growth-oriented investments for long-term savings
University of Michigan-Flint Graduate Outcomes
- Median Earnings (10 years): $53,230
- Loan Repayment Rate: 3648.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Michigan-Flint savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Michigan-Flint costs $14,014 per year for in-state students and $31,274 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 Michigan-Flint is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $14,014 annual cost. Starting when your child is born gives you 18 years to save.
University of Michigan-Flint has a 68.8% admission rate, making it highly competitive. With 4,157 total students and average test scores of 1080 SAT and 23.0 ACT, preparation and planning are important.
University of Michigan-Flint graduates earn a median salary of $53,230 ten years after graduation, with a 3648.0 loan repayment rate. This represents positive value given the $14,014 tuition cost.
Use our University of Michigan-Flint 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 $14,014 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 $60,402 total cost by $17,330. To fully fund college, you'd need to save at least $140 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $60,402 total cost for 4 years at University of Michigan-Flint with $47,278 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $60,402 total cost for 4 years at University of Michigan-Flint with $154,958 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $60,402 total cost for 4 years at University of Michigan-Flint with $370,319 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $60,402 total cost for 4 years at University of Michigan-Flint with $1,016,400 extra for additional expenses.