Planning and Budgeting Calculator
 

Planning & Budgeting Calculator

This worksheet will help you estimate your college expenses and help you balance your college budget. If you find that you may need to borrow money to help pay for college, never borrow more than you need or can afford to pay back after you finish school.

Estimating College Expenses

School Costs
 
 
Living Costs
 
 
Transportation
 
Insurance
 
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:

:  
Click here for a listing of Careers and Salaries.

Estimated Monthly Payments:

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Click here for the Loan Repayment Calculator.


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 ( Lookup rates ) to calculate the interest payments. (Perkins loans have a fixed interest rate of 5%.)

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 and income sensitive repayment plans.