University of Missouri-Columbia 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 Missouri-Columbia? Our University of Missouri-Columbia savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $14,130 for in-state students and $34,338 for out-of-state students, plus a 77.0% admission rate, strategic financial planning is essential for your University of Missouri-Columbia college fund.
About University of Missouri-Columbia
University of Missouri-Columbia is a highly selective institution with 23,118 students. The college maintains high academic standards with average SAT scores of 1240 and ACT scores of 26.0. Understanding these costs upfront allows families to create an effective savings strategy for their University of Missouri-Columbia education fund.
Current University of Missouri-Columbia Costs
- In-State Tuition: $14,130 per year
- Out-of-State Tuition: $34,338 per year
- Total Students: 23,118
- Admission Rate: 77.0%
Use our calculator above to determine your personalized savings plan for University of Missouri-Columbia.
Smart Savings Strategies for University of Missouri-Columbia
Given the affordable tuition costs at University of Missouri-Columbia, 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 Missouri-Columbia planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Missouri-Columbia fund
4. Investment Growth
With University of Missouri-Columbia's tuition costs, consider growth-oriented investments for long-term savings
University of Missouri-Columbia Graduate Outcomes
- Median Earnings (10 years): $63,403
- Loan Repayment Rate: 8913.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Missouri-Columbia savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Missouri-Columbia costs $14,130 per year for in-state students and $34,338 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 Missouri-Columbia is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $14,130 annual cost. Starting when your child is born gives you 18 years to save.
University of Missouri-Columbia has a 77.0% admission rate, making it highly competitive. With 23,118 total students and average test scores of 1240 SAT and 26.0 ACT, preparation and planning are important.
University of Missouri-Columbia graduates earn a median salary of $63,403 ten years after graduation, with a 8913.0 loan repayment rate. This represents positive value given the $14,130 tuition cost.
Use our University of Missouri-Columbia 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 $14,130 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 $60,902 total cost by $17,830. To fully fund college, you'd need to save at least $141 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $60,902 total cost for 4 years at University of Missouri-Columbia with $46,778 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $60,902 total cost for 4 years at University of Missouri-Columbia with $154,458 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $60,902 total cost for 4 years at University of Missouri-Columbia with $369,819 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $60,902 total cost for 4 years at University of Missouri-Columbia with $1,015,901 extra for additional expenses.