University of Utah 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 Utah? Our University of Utah savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $9,315 for in-state students and $29,837 for out-of-state students, plus a 87.2% admission rate, strategic financial planning is essential for your University of Utah college fund.
About University of Utah
University of Utah is a highly selective institution with 26,041 students. The college maintains high academic standards with average SAT scores of 1289 and ACT scores of 25.5. Understanding these costs upfront allows families to create an effective savings strategy for their University of Utah education fund.
Current University of Utah Costs
- In-State Tuition: $9,315 per year
- Out-of-State Tuition: $29,837 per year
- Total Students: 26,041
- Admission Rate: 87.2%
Use our calculator above to determine your personalized savings plan for University of Utah.
Smart Savings Strategies for University of Utah
Given the affordable tuition costs at University of Utah, 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 Utah planning
3. Automatic Savings
Set up monthly transfers to consistently build your University of Utah fund
4. Investment Growth
With University of Utah's tuition costs, consider growth-oriented investments for long-term savings
University of Utah Graduate Outcomes
- Median Earnings (10 years): $67,170
- Loan Repayment Rate: 7622.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your University of Utah savings strategy more compelling from a financial perspective.
Frequently Asked Questions
University of Utah costs $9,315 per year for in-state students and $29,837 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 Utah is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $9,315 annual cost. Starting when your child is born gives you 18 years to save.
University of Utah has a 87.2% admission rate, making it highly competitive. With 26,041 total students and average test scores of 1289 SAT and 25.5 ACT, preparation and planning are important.
University of Utah graduates earn a median salary of $67,170 ten years after graduation, with a 7622.0 loan repayment rate. This represents positive value given the $9,315 tuition cost.
Use our University of Utah 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 $9,315 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This covers the estimated $40,149 total cost for 4 years at University of Utah with $2,923 extra for additional expenses.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $40,149 total cost for 4 years at University of Utah with $67,531 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $40,149 total cost for 4 years at University of Utah with $175,212 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $40,149 total cost for 4 years at University of Utah with $390,572 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $40,149 total cost for 4 years at University of Utah with $1,036,654 extra for additional expenses.