University of South Carolina-Sumter 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-Sumter? Our University of South Carolina-Sumter savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $7,558 for in-state students and $18,238 for out-of-state students, plus a 76.3% admission rate, strategic financial planning is essential for your University of South Carolina-Sumter college fund.
About University of South Carolina-Sumter
University of South Carolina-Sumter is a highly selective institution with 631 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 South Carolina-Sumter education fund.
Current University of South Carolina-Sumter Costs
- In-State Tuition: $7,558 per year
- Out-of-State Tuition: $18,238 per year
- Total Students: 631
- Admission Rate: 76.3%
Use our calculator above to determine your personalized savings plan for University of South Carolina-Sumter.
Smart Savings Strategies for University of South Carolina-Sumter
Given the affordable tuition costs at University of South Carolina-Sumter, 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-Sumter planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of South Carolina-Sumter fund
4. Investment Growth
With University of South Carolina-Sumter's tuition costs, consider growth-oriented investments for long-term savings
University of South Carolina-Sumter Graduate Outcomes
- Median Earnings (10 years): $42,437
- Loan Repayment Rate: 538.0
- Value Rating: Good
These outcomes show positive return on investment, making your University of South Carolina-Sumter savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of South Carolina-Sumter costs $7,558 per year for in-state students and $18,238 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-Sumter is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $7,558 annual cost. Starting when your child is born gives you 18 years to save.
University of South Carolina-Sumter has a 76.3% admission rate, making it highly competitive. With 631 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
University of South Carolina-Sumter graduates earn a median salary of $42,437 ten years after graduation, with a 538.0 loan repayment rate. This represents positive value given the $7,558 tuition cost.
Use our University of South Carolina-Sumter 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 $7,558 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $32,576 total cost for 4 years at University of South Carolina-Sumter with $10,496 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $32,576 total cost for 4 years at University of South Carolina-Sumter with $75,104 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $32,576 total cost for 4 years at University of South Carolina-Sumter with $182,785 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $32,576 total cost for 4 years at University of South Carolina-Sumter with $398,145 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $32,576 total cost for 4 years at University of South Carolina-Sumter with $1,044,227 extra for additional expenses.