Budget Calculator

If you're planning to use a combination of current income and savings, as well as Stafford and PLUS Loans to pay for education, the Budget Calculator is a fast, convenient way to find the payment strategy that suits your monthly budget. By taking advantage of interest-free options like a tuition payment plan, you may find that you need to borrow less.

Before using the Budget Calculator it helps to know what plans and plan terms are available at your school. Find out which payment plan options your school offers by going through the School Search and Plan Selection steps of the online enrollment process.

Note: All information you enter, including any financial aid award, is strictly confidential and will not be used for any other purpose.

  How much will you owe this academic year?

 Full Year Expenses $
Other Fees
Existing Education Loan Payments
 Full Year Financial Aid $
Stafford Loans (Annual Award)
1. Subsidized
2. Unsubsidized
Other Financial Aid (Annual Award)
Scholarships & Grants
Other Loans
 Credits $
Direct Payments to School
 Total $

  How much can you afford to pay monthly?

Think about how much you can afford to pay each month toward education expenses. This will be a total of what you plan to contribute from current income and savings, as well as any loans you plan to use. Remember, it is most cost-effective to budget as much as you can using a monthly plan, borrowing only what's necessary.

Monthly payment for academic year $
Repay unsubsidized Stafford loan interest this year?   Why?  
Number of Payments in the Payment Plan*  
*Plan terms vary by school. A typical annual plan consists of 10 payments, while a semester plan typically consists of 5. If you are unsure of what's available at your school, go through the School Search and Plan Selection steps of our online enrollment.