University of Mississippi 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 Mississippi? Our University of Mississippi savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $9,412 for in-state students and $26,980 for out-of-state students, plus a 97.8% admission rate, strategic financial planning is essential for your University of Mississippi college fund.
About University of Mississippi
University of Mississippi is a highly selective institution with 18,995 students. The college maintains high academic standards with average SAT scores of 1115 and ACT scores of 25.0. Understanding these costs upfront allows families to create an effective savings strategy for their University of Mississippi education fund.
Current University of Mississippi Costs
- In-State Tuition: $9,412 per year
- Out-of-State Tuition: $26,980 per year
- Total Students: 18,995
- Admission Rate: 97.8%
Use our calculator above to determine your personalized savings plan for University of Mississippi.
Smart Savings Strategies for University of Mississippi
Given the affordable tuition costs at University of Mississippi, 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 Mississippi planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Mississippi fund
4. Investment Growth
With University of Mississippi's tuition costs, consider growth-oriented investments for long-term savings
University of Mississippi Graduate Outcomes
- Median Earnings (10 years): $50,994
- Loan Repayment Rate: 5302.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Mississippi savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Mississippi costs $9,412 per year for in-state students and $26,980 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 Mississippi is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $9,412 annual cost. Starting when your child is born gives you 18 years to save.
University of Mississippi has a 97.8% admission rate, making it highly competitive. With 18,995 total students and average test scores of 1115 SAT and 25.0 ACT, preparation and planning are important.
University of Mississippi graduates earn a median salary of $50,994 ten years after graduation, with a 5302.0 loan repayment rate. This represents positive value given the $9,412 tuition cost.
Use our University of Mississippi 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 $9,412 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $40,567 total cost for 4 years at University of Mississippi with $2,505 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $40,567 total cost for 4 years at University of Mississippi with $67,113 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $40,567 total cost for 4 years at University of Mississippi with $174,794 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $40,567 total cost for 4 years at University of Mississippi with $390,154 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $40,567 total cost for 4 years at University of Mississippi with $1,036,236 extra for additional expenses.