Wake Forest University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Wake Forest University? Our Wake Forest University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $64,758 for in-state students and $64,758 for out-of-state students, plus a 21.6% admission rate, strategic financial planning is essential for your Wake Forest University college fund.
About Wake Forest University
Wake Forest University is a highly selective institution with 5,471 students. The college maintains high academic standards with average SAT scores of 1450 and ACT scores of 33.0. Understanding these costs upfront allows families to create an effective savings strategy for their Wake Forest University education fund.
Current Wake Forest University Costs
- In-State Tuition: $64,758 per year
- Out-of-State Tuition: $64,758 per year
- Total Students: 5,471
- Admission Rate: 21.6%
Use our calculator above to determine your personalized savings plan for Wake Forest University.
Smart Savings Strategies for Wake Forest University
Given the premium cost tuition costs at Wake Forest 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 Wake Forest University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Wake Forest University fund
4. Investment Growth
With Wake Forest University's tuition costs, consider growth-oriented investments for long-term savings
Wake Forest University Graduate Outcomes
- Median Earnings (10 years): $78,158
- Loan Repayment Rate: 913.0
- Value Rating: Excellent
These outcomes show positive return on investment, making your Wake Forest University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Wake Forest University costs $64,758 per year for in-state students and $64,758 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 Wake Forest University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $64,758 annual cost. Starting when your child is born gives you 18 years to save.
Wake Forest University has a 21.6% admission rate, making it highly competitive. With 5,471 total students and average test scores of 1450 SAT and 33.0 ACT, preparation and planning are important.
Wake Forest University graduates earn a median salary of $78,158 ten years after graduation, with a 913.0 loan repayment rate. This represents positive value given the $64,758 tuition cost.
Use our Wake Forest 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 $64,758 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 $279,115 total cost by $236,043. To fully fund college, you'd need to save at least $648 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $279,115 total cost by $171,435. To fully fund college, you'd need to save at least $648 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This falls short of the estimated $279,115 total cost by $63,755. To fully fund college, you'd need to save at least $648 monthly.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $279,115 total cost for 4 years at Wake Forest University with $151,606 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $279,115 total cost for 4 years at Wake Forest University with $797,687 extra for additional expenses.