University of Montevallo 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 Montevallo? Our University of Montevallo savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $13,710 for in-state students and $26,730 for out-of-state students, plus a 53.9% admission rate, strategic financial planning is essential for your University of Montevallo college fund.
About University of Montevallo
University of Montevallo is a highly selective institution with 2,087 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their University of Montevallo education fund.
Current University of Montevallo Costs
- In-State Tuition: $13,710 per year
- Out-of-State Tuition: $26,730 per year
- Total Students: 2,087
- Admission Rate: 53.9%
Use our calculator above to determine your personalized savings plan for University of Montevallo.
Smart Savings Strategies for University of Montevallo
Given the affordable tuition costs at University of Montevallo, 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 Montevallo planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Montevallo fund
4. Investment Growth
With University of Montevallo's tuition costs, consider growth-oriented investments for long-term savings
University of Montevallo Graduate Outcomes
- Median Earnings (10 years): $42,957
- Loan Repayment Rate: 1125.0
- Value Rating: Good
These outcomes show positive return on investment, making your University of Montevallo savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Montevallo costs $13,710 per year for in-state students and $26,730 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 Montevallo is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $13,710 annual cost. Starting when your child is born gives you 18 years to save.
University of Montevallo has a 53.9% admission rate, making it highly competitive. With 2,087 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
University of Montevallo graduates earn a median salary of $42,957 ten years after graduation, with a 1125.0 loan repayment rate. This represents positive value given the $13,710 tuition cost.
Use our University of Montevallo 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 $13,710 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 $59,092 total cost by $16,020. To fully fund college, you'd need to save at least $137 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $59,092 total cost for 4 years at University of Montevallo with $48,588 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $59,092 total cost for 4 years at University of Montevallo with $156,269 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $59,092 total cost for 4 years at University of Montevallo with $371,629 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $59,092 total cost for 4 years at University of Montevallo with $1,017,711 extra for additional expenses.