University of South Carolina-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 South Carolina-Columbia? Our University of South Carolina-Columbia savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $12,688 for in-state students and $34,934 for out-of-state students, plus a 61.5% admission rate, strategic financial planning is essential for your University of South Carolina-Columbia college fund.
About University of South Carolina-Columbia
University of South Carolina-Columbia is a highly selective institution with 28,113 students. The college maintains high academic standards with average SAT scores of 1280 and ACT scores of 29.0. Understanding these costs upfront allows families to create an effective savings strategy for their University of South Carolina-Columbia education fund.
Current University of South Carolina-Columbia Costs
- In-State Tuition: $12,688 per year
- Out-of-State Tuition: $34,934 per year
- Total Students: 28,113
- Admission Rate: 61.5%
Use our calculator above to determine your personalized savings plan for University of South Carolina-Columbia.
Smart Savings Strategies for University of South Carolina-Columbia
Given the affordable tuition costs at University of South Carolina-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 South Carolina-Columbia planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of South Carolina-Columbia fund
4. Investment Growth
With University of South Carolina-Columbia's tuition costs, consider growth-oriented investments for long-term savings
University of South Carolina-Columbia Graduate Outcomes
- Median Earnings (10 years): $62,177
- Loan Repayment Rate: 7517.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of South Carolina-Columbia savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of South Carolina-Columbia costs $12,688 per year for in-state students and $34,934 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 South Carolina-Columbia is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $12,688 annual cost. Starting when your child is born gives you 18 years to save.
University of South Carolina-Columbia has a 61.5% admission rate, making it highly competitive. With 28,113 total students and average test scores of 1280 SAT and 29.0 ACT, preparation and planning are important.
University of South Carolina-Columbia graduates earn a median salary of $62,177 ten years after graduation, with a 7517.0 loan repayment rate. This represents positive value given the $12,688 tuition cost.
Use our University of South Carolina-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 $12,688 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 $54,687 total cost by $11,615. To fully fund college, you'd need to save at least $127 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $54,687 total cost for 4 years at University of South Carolina-Columbia with $52,993 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $54,687 total cost for 4 years at University of South Carolina-Columbia with $160,674 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $54,687 total cost for 4 years at University of South Carolina-Columbia with $376,034 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $54,687 total cost for 4 years at University of South Carolina-Columbia with $1,022,116 extra for additional expenses.