University of Southern Maine 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 Southern Maine? Our University of Southern Maine savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $10,920 for in-state students and $27,104 for out-of-state students, plus a 79.3% admission rate, strategic financial planning is essential for your University of Southern Maine college fund.
About University of Southern Maine
University of Southern Maine is a highly selective institution with 4,245 students. The college maintains high academic standards with average SAT scores of 1137 and ACT scores of 24.5. Understanding these costs upfront allows families to create an effective savings strategy for their University of Southern Maine education fund.
Current University of Southern Maine Costs
- In-State Tuition: $10,920 per year
- Out-of-State Tuition: $27,104 per year
- Total Students: 4,245
- Admission Rate: 79.3%
Use our calculator above to determine your personalized savings plan for University of Southern Maine.
Smart Savings Strategies for University of Southern Maine
Given the affordable tuition costs at University of Southern Maine, 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 Southern Maine planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Southern Maine fund
4. Investment Growth
With University of Southern Maine's tuition costs, consider growth-oriented investments for long-term savings
University of Southern Maine Graduate Outcomes
- Median Earnings (10 years): $49,958
- Loan Repayment Rate: 3741.0
- Value Rating: Good
These outcomes show positive return on investment, making your University of Southern Maine savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Southern Maine costs $10,920 per year for in-state students and $27,104 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 Southern Maine is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $10,920 annual cost. Starting when your child is born gives you 18 years to save.
University of Southern Maine has a 79.3% admission rate, making it highly competitive. With 4,245 total students and average test scores of 1137 SAT and 24.5 ACT, preparation and planning are important.
University of Southern Maine graduates earn a median salary of $49,958 ten years after graduation, with a 3741.0 loan repayment rate. This represents positive value given the $10,920 tuition cost.
Use our University of Southern Maine 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 $10,920 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 $47,067 total cost by $3,994. To fully fund college, you'd need to save at least $109 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $47,067 total cost for 4 years at University of Southern Maine with $60,614 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $47,067 total cost for 4 years at University of Southern Maine with $168,294 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $47,067 total cost for 4 years at University of Southern Maine with $383,654 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $47,067 total cost for 4 years at University of Southern Maine with $1,029,736 extra for additional expenses.