University of Rhode Island 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 Rhode Island? Our University of Rhode Island savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $16,408 for in-state students and $35,804 for out-of-state students, plus a 77.1% admission rate, strategic financial planning is essential for your University of Rhode Island college fund.
About University of Rhode Island
University of Rhode Island is a highly selective institution with 13,822 students. The college maintains high academic standards with average SAT scores of 1150 and ACT scores of 28.5. Understanding these costs upfront allows families to create an effective savings strategy for their University of Rhode Island education fund.
Current University of Rhode Island Costs
- In-State Tuition: $16,408 per year
- Out-of-State Tuition: $35,804 per year
- Total Students: 13,822
- Admission Rate: 77.1%
Use our calculator above to determine your personalized savings plan for University of Rhode Island.
Smart Savings Strategies for University of Rhode Island
Given the moderate cost tuition costs at University of Rhode Island, 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 Rhode Island planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Rhode Island fund
4. Investment Growth
With University of Rhode Island's tuition costs, consider growth-oriented investments for long-term savings
University of Rhode Island Graduate Outcomes
- Median Earnings (10 years): $69,743
- Loan Repayment Rate: 5607.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Rhode Island savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Rhode Island costs $16,408 per year for in-state students and $35,804 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 Rhode Island is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $16,408 annual cost. Starting when your child is born gives you 18 years to save.
University of Rhode Island has a 77.1% admission rate, making it highly competitive. With 13,822 total students and average test scores of 1150 SAT and 28.5 ACT, preparation and planning are important.
University of Rhode Island graduates earn a median salary of $69,743 ten years after graduation, with a 5607.0 loan repayment rate. This represents positive value given the $16,408 tuition cost.
Use our University of Rhode Island 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 $16,408 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 $70,721 total cost by $27,648. To fully fund college, you'd need to save at least $164 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $70,721 total cost for 4 years at University of Rhode Island with $36,960 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $70,721 total cost for 4 years at University of Rhode Island with $144,640 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $70,721 total cost for 4 years at University of Rhode Island with $360,000 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $70,721 total cost for 4 years at University of Rhode Island with $1,006,082 extra for additional expenses.