University of Minnesota-Rochester 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 Minnesota-Rochester? Our University of Minnesota-Rochester savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $14,400 for in-state students and $14,400 for out-of-state students, plus a 71.8% admission rate, strategic financial planning is essential for your University of Minnesota-Rochester college fund.
About University of Minnesota-Rochester
University of Minnesota-Rochester is a highly selective institution with 568 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of 24.5. Understanding these costs upfront allows families to create an effective savings strategy for their University of Minnesota-Rochester education fund.
Current University of Minnesota-Rochester Costs
- In-State Tuition: $14,400 per year
- Out-of-State Tuition: $14,400 per year
- Total Students: 568
- Admission Rate: 71.8%
Use our calculator above to determine your personalized savings plan for University of Minnesota-Rochester.
Smart Savings Strategies for University of Minnesota-Rochester
Given the affordable tuition costs at University of Minnesota-Rochester, 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 Minnesota-Rochester planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Minnesota-Rochester fund
4. Investment Growth
With University of Minnesota-Rochester's tuition costs, consider growth-oriented investments for long-term savings
University of Minnesota-Rochester Graduate Outcomes
- Median Earnings (10 years): $69,020
- Loan Repayment Rate: 11943.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Minnesota-Rochester savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Minnesota-Rochester costs $14,400 per year for in-state students and $14,400 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 Minnesota-Rochester is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $14,400 annual cost. Starting when your child is born gives you 18 years to save.
University of Minnesota-Rochester has a 71.8% admission rate, making it highly competitive. With 568 total students and average test scores of N/A SAT and 24.5 ACT, preparation and planning are important.
University of Minnesota-Rochester graduates earn a median salary of $69,020 ten years after graduation, with a 11943.0 loan repayment rate. This represents positive value given the $14,400 tuition cost.
Use our University of Minnesota-Rochester 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 $14,400 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 $62,066 total cost by $18,994. To fully fund college, you'd need to save at least $144 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $62,066 total cost for 4 years at University of Minnesota-Rochester with $45,614 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $62,066 total cost for 4 years at University of Minnesota-Rochester with $153,295 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $62,066 total cost for 4 years at University of Minnesota-Rochester with $368,655 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $62,066 total cost for 4 years at University of Minnesota-Rochester with $1,014,737 extra for additional expenses.