Virginia Polytechnic Institute and State University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Virginia Polytechnic Institute and State University? Our Virginia Polytechnic Institute and State University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $15,478 for in-state students and $36,694 for out-of-state students, plus a 57.0% admission rate, strategic financial planning is essential for your Virginia Polytechnic Institute and State University college fund.
About Virginia Polytechnic Institute and State University
Virginia Polytechnic Institute and State University is a highly selective institution with 30,435 students. The college maintains high academic standards with average SAT scores of 1330 and ACT scores of 29.5. Understanding these costs upfront allows families to create an effective savings strategy for their Virginia Polytechnic Institute and State University education fund.
Current Virginia Polytechnic Institute and State University Costs
- In-State Tuition: $15,478 per year
- Out-of-State Tuition: $36,694 per year
- Total Students: 30,435
- Admission Rate: 57.0%
Use our calculator above to determine your personalized savings plan for Virginia Polytechnic Institute and State University.
Smart Savings Strategies for Virginia Polytechnic Institute and State University
Given the moderate cost tuition costs at Virginia Polytechnic Institute and State University, 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 Virginia Polytechnic Institute and State University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Virginia Polytechnic Institute and State University fund
4. Investment Growth
With Virginia Polytechnic Institute and State University's tuition costs, consider growth-oriented investments for long-term savings
Virginia Polytechnic Institute and State University Graduate Outcomes
- Median Earnings (10 years): $81,698
- Loan Repayment Rate: 6617.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Virginia Polytechnic Institute and State University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Virginia Polytechnic Institute and State University costs $15,478 per year for in-state students and $36,694 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 Virginia Polytechnic Institute and State University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $15,478 annual cost. Starting when your child is born gives you 18 years to save.
Virginia Polytechnic Institute and State University has a 57.0% admission rate, making it highly competitive. With 30,435 total students and average test scores of 1330 SAT and 29.5 ACT, preparation and planning are important.
Virginia Polytechnic Institute and State University graduates earn a median salary of $81,698 ten years after graduation, with a 6617.0 loan repayment rate. This represents positive value given the $15,478 tuition cost.
Use our Virginia Polytechnic Institute and State University 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 $15,478 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 $66,712 total cost by $23,640. To fully fund college, you'd need to save at least $155 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $66,712 total cost for 4 years at Virginia Polytechnic Institute and State University with $40,968 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $66,712 total cost for 4 years at Virginia Polytechnic Institute and State University with $148,648 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $66,712 total cost for 4 years at Virginia Polytechnic Institute and State University with $364,009 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $66,712 total cost for 4 years at Virginia Polytechnic Institute and State University with $1,010,090 extra for additional expenses.