Planning and Budgeting


How much money will you spend on books? Use the Planning and Budgeting Calculator to see how your expenses add up so you can best estimate how much you may need in additional income or student loans to cover your costs. Remember, only take out the amount in loans that you need—your financial future will thank you.

Estimating College Expenses

School Costs
Living Costs
Loan Payments
College Expenses:


Estimating A Balanced College Budget

Sources Of Money
Total Student Loan Amount:


Estimating Borrowing & Repayment of Student Loans

Amount Borrowed per Level

Depending on your school's program, you may need a combination of Federal and private Loans. Click here for a table of Stafford loan limits.

Total Amount Borrowed:

Estimated Monthly Payments:

This Loan Payment Calculator computes an estimate of the size of your monthly loan payments. This calculator assumes that the interest rate remains the same throughout the life of the loan. However, many education loan programs, including private loans, have variable interest rates. We suggest you use the current fixed rates to calculate the interest payments.

Please note that some educational loans have a minimum monthly payment amount. This calculator also assumes that the loan will be repaid in equal monthly installments. The results will not be accurate for some of the alternate repayment plans, such as Graduated Repayment and Income-Sensitive Repayment.