Skip to main content
This tool is not supported in your browser. Please try a newer browser or confirm that JavaScript is enabled.

Your financial path to graduation

We’ll help you estimate how much you’ll owe in student loans and how much you’ll need to make to repay those loans. We can help you make smarter decisions about how to pay for school.

To start, it helps to have:

  • Your financial aid offer (if you have one)
  • An idea of how much money you and your family can put towards school
  • A private loan offer (if you have one)

You may want to use this tool with someone you trust who can help you weigh your options.

Keep in mind:

Planning for how to pay for school can be complicated. It may require multiple conversations with family, advisers, and the school financial aid office to get more information. We won't store your personal information, but you’ll be able to save your link so you can come back and review your plan.

Learn how we got the numbers and guidelines for our calculations.

Your financial path to graduation

Your estimated costs for X at :

This estimate includes tuition, books, housing and is based on the most recent data from the U.S. Department of Education.

School is under investigation: Heightened Cash Monitoring
Due to potential regulatory violations, financial mismanagement, or failures to comply with other requirements, the Department of Education (ED) has placed this school on a Heightened Cash Monitoring (HCM) program. HCM is a tool that ED uses to increase compliance oversight of a school.

Potential students should consider this before enrolling in an educational program placed on a HCM program.
  • Estimated time frame: X years
  • Estimated yearly costs: $X
  • This estimate is based on the net price paid by in-state students with family incomes $X.
  • Your actual expenses will depend on your situation—any financial aid you receive, your personal budgeting, rising costs, and other factors.

's graduation rate

's graduation rate is . Students who don’t graduate are less likely to see financial gains from education and may be unable to secure a job that requires a degree.
Compare 's rate to other 24 year schools that are also:

's graduation rate falls in the of all schools granting 24-year degrees.

Up next: Add any money you expect to contribute

How much do you expect to contribute this year?

per year of your program

per year of your program

Total money you expect to contribute
$0

Up next: Get a rough estimate of how much you'll owe at graduation

Do you have a complete financial aid offer?

Estimated amount you could owe at graduation: $XX,XXX

This estimate is based on the data you’ve provided so far, but you can customize your estimate on the next page. School costs can increase, so be prepared in case you need to borrow more.

Estimate based on the information you provided

Estimated yearly costs
0
Your contributions per year
0
Estimated amount you may need to borrow each year
0
Estimated amount owed after X years of program (including interest accumulated while in school)
0

Estimated monthly payment:

Your payment estimate is based on making payments over 10 years on the standard repayment plan. Other plans, like income-driven repayment (IDR) plans, may be available with lower monthly payments, but the total cost of borrowing may be higher. IDR payments are based on income and family size. For some people, payments on an IDR can be as low as $0 a month.

Up next: Customize your estimate for a better idea of how much you'll owe

Customize your estimate

This page will let you customize your estimate and help you assess your ability to pay the cost of attending this school.

Don't have a financial aid offer letter yet?
If you don't have an offer letter from a school you're considering, we recommend you skip this page for now. We'll continue to use the estimated costs and debt that you've made so far. (You can always come back once you have an offer.)

Enter information from your financial aid offer

Include Federal grants, like Pell and SEOG grants, as well as school and state grants

Such as Military Tuition Assistance, GI Bill

Such as state or school scholarships

Interest rate (%)
4.53%
Loan fee (%)
1.062%
Interest rate (%)
9.99%
Loan fee (%)
9.99%
Interest rate (%)
0
Loan fee (%)
0

What other sources will help you cover the rest of your costs?

Other Loans

If you still have uncovered costs after working with the financial aid office to exhaust all the options listed above, you and your family have two more loan options to consider:

  • Parent PLUS loan: For parents of dependent students. These loans are generally not eligible for income-driven repayment (IDR) plans but can be consolidated to become eligible for the income-contingent repayment plan which is generally less generous than the income-driven repayment plans available to other federal loans. More details about parent PLUS loans can be found on the Federal Student Aid website. .
  • Private student loan: You or a family member can apply for a private student loan from a bank or credit union. Students without a credit history are typically required to have a family member cosign as a fellow borrower on the loan.
Interest rate (%)
0
Loan fee (%)
0

Private Loan

Costs not covered

The information you entered above did not cover all your expected costs. Since you may need to borrow more money to cover this amount, we're showing what it would cost to borrow this additional amount. Make a plan to get these uncovered costs down to zero by adjusting your costs and adding more resources above.

Uncovered costs loan amount
0
Interest rate (%)
0
Loan fee (%)
0
Estimated amount you'll owe at graduation:

including interest accrued during school

0
Your estimated monthly payment:
0

Up next: See your customized estimate

Your total debt is X.Is this too much debt?

The cost of student loans may be a good investment in your future—if you can afford to repay them.

You have $X in uncovered costs. Since you may need to borrow more money to cover this amount, we've included this amount as loans in your estimated loan debt. You can go back to to explore ways to lower this cost.

Check if the amount you’ll owe is more than your estimated salary

A common guideline: It can be helpful to compare your student loan total to your estimated first-year salary out of school. If your debt will be higher than your salary, consider whether it might be more debt than you can afford.

Note: Median salary is for financially-aided students working and not enrolled in school 6 years after starting at this school. It includes students who did not graduate. Your actual salary will depdend on factors like your field of work and where you live. Visit the BLS Wage Data site for more information.

Up next: See how much interest will cost you

How much will interest cost you?

Here's the total cost of borrowing if you repay your debt over 10 years on the standard repayment plan.

Estimated total cost of loans with interest:

Note: Other plans may be available with lower monthly payments, but the total cost of borrowing may be higher. Visit StudentAid.gov to learn about other options.

Estimated debt at graduation

Includes interest accrued in school

$0
Estimated interest over a 10-year repayment plan
$0
Total cost of borrowing
$0

Up next: See how your monthly payments fits within a typical budget

Can you afford a $X payment?

Making loan payments on time can help you avoid financial and legal problems. Default—missing too many payments—can negatively impact your credit score, add additional fees, result in involuntary deductions from your paycheck and Social Security payment, and make you ineligibile for further federal student aid until you can get your loans out of default.

See if the monthly payment fits in an average monthly budget

Note: Median salary is for financially-aided students working and not enrolled in school 6 years after starting at this school. It includes students who did not graduate. Students tend to overestimate their starting salaries. A median is the middle—half of the students make more, but half make less.

Median monthly salary of this schoolprogram's students
$0
Estimated monthly loan payment
$0
Total money left
$373
Total money left
$0
The estimate leaves you with a shortage of $373.
The estimate leaves you with a surplus of $373.

Up next: See how this school ranks

Compare this school to others like it

Now that you understand how much debt you’re considering, make sure to research how well the school serves students. You’re investing a lot—make sure it pays off.

Ask the school to provide the metrics you care about, such as:

  • On-time completion rate
  • Job placement rate
  • Loan default rate
  • Loan repayment rate
  • Persistence and retention rate

You should consider asking multiple schools for this information, so you can compare this school’s results.

Now that you understand how much debt you’re considering, let’s look at some statistics that indicate how well the school serves students. You’re investing a lot—make sure it pays off.

Example University

Location: City, State
Type: Type
Student Body: 1
Highest degree offered: degree
Number of programs: 1
Most popular programs: Programs
This school is under Heightened Cash Monitoring by the U.S. Department of Education. Find out more.

Graduation rate

's graduation rate is . If you are going to school to earn more money, you need to complete your degree to get that payoff.
Compare 's rate to other 24 year schools that are also:

's graduation rate falls in the of all schools granting 24-year degrees.

Transfer to graduation rate

's transfer to graduation rate is . If you are going to school to earn more money, you need to complete your degree to get that payoff.
Compare 's rate to other 2 year schools that are also:

's transfer to graduation rate is [2% higher] than the median of all US community colleges. It falls in the [middle third] of these schools.

Loan default rate

's default rate is . This is a sign of how many student borrowers experienced financial distress while repaying their student debt.

Loan repayment rate

's repayment rate is . This tells you how many student borrowers have earned enough money to start paying down their debt.
Compare 's rate to other 24 year schools that are also:

's repayment rate falls in the of all schools granting 24-year degrees.

Up next: Review your plan

Review your plan and projected outcomes

As you look over these numbers again, think about whether you are confident about the benefits of going to this school with this financial plan. If you have multiple offers, use this summary to compare them.

Print

You will also have a chance to print all documents at the end.

School and living situation

School:
Program type:
Program name:
Number of years:
Tuition type:
Where do you plan to live?

Covering your costs

You have $X in uncovered costs. Since you may need to borrow more money to cover this amount, we've included this amount as loans in your estimated loan debt. You can go back to to explore ways to lower this cost.

Total estimated cost this year

Direct costs subtotal

Tuition and fees

Housing and meals

Additional direct costs

Indirect costs subtotal

Books & supplies

Transportation

Other/miscellaneous expenses

Additional indirect costs

Total funding

Non-debt subtotal

Grants and scholarships

Work-study

Other resources

Debt subtotal

Federal Loans

Private loans

PLUS loans

Affording your loans

Estimated total debt at graduation

Estimated debt from this program

Includes Parent PLUS loans?

Current student debt from prior schooling

Median first-year salary of this program's graduates Median salary of this school's recent students Median first-year salary of this program's graduates Ask the school for salary data
How does the projected total debt compare to the median salary?

The projected total debt is $0 moreless than the median salary.

Estimated interest

Total cost of borrowing over 10-year repayment period

Estimated monthly loan payment

Can I afford my payment within a monthly budget?

Yes, there is room in the hypothetical budgetNo, there is not room in the hypothetical budget

Median monthly first-year salary of this program's graduates Median monthly salary of this school's recent students Median monthly first-year salary of this program's graduates Ask the school for salary data
Average (or estimated) monthly expenses

Additional money needed or left over

Worth your investment?

Graduation and repayment rates

Graduation rate

Ask the school

Transfer to graduation rate

Default rate

Ask the school

Repayment rate

Ask the school

Up next: Consider your next steps before starting school

What to do next

Your next steps depend on whether you want to use this plan to pay for attending this school.

Do you want to put this plan into action or consider other options?

How to put this plan into action

You will also have a chace to print all documents at the end.

Ask the financial aid office any questions you still have.

It’s first on this list, but you should do it whenever you’re confused or unsure of what to do next. They want to help you (and it’s their job)! You will not jeopardize your funding by asking too many questions.

Find out what it takes to enroll.

How much is the deposit? What paperwork do you need to send in? When are the deposit and any other paperwork due?

Research the details of your grants and scholarships.

Read or ask about the requirements of each grant and scholarship. Ask if they are renewable for following years—if not, you’ll need to find replacement funding next year.

Research the details of your grants, scholarships, fellowships, and assistantships.

Read or ask about the requirements of each grant and scholarship. Ask if they are renewable for following years—if not, you’ll need to find replacement funding next year.

Make a budget.

Use this cashflow budget to plan out when you’ll get money and when you’ll have to pay it.

Double check that you’ll have enough money when you need it.

If you have uncovered upfront costs, talk to the financial aid office about options to reduce the amount due at the beginning of the school year. Or can you (or your family) start saving for these now?

Accept the loans you want.

More paperwork ahead! You’ll also need to do entrance counseling for federal loans. Remember, you don’t need to accept all the loans you’re offered or the full amount.

Put a reminder in your calendar to fill out FAFSA on October 1.

If you’ll be in school next year, you’ll need to start this process again in a few months.

Set another reminder to visit the financial aid office every term.

Ask about new opportunities for funding. For example, some scholarships are only open to certain majors or only for upperclassmen.

Know how many credits you already have and plan to graduate on time.

Make sure you get credit for your AP, IB, dual-enrollment, and transfer courses. Work with an academic adviser to stay on track for on-time graduation.

Ask about getting credits from a more affordable school.

Reach out to your academic advisor about taking core requirements at community college. (But be strategic about when you take them—if you start school with enough credits to count as a second- or third-year student, you may be disqualified from grants and scholarships for first-year students.)

Ask about getting credits from a more affordable school.

Graduate programs may allow you to transfer credits.

Apply for additional institutional or private student loans.

To get the best deal for your situation, read the fine print and shop around for the lowest interest rates and fees. You’ll probably need a cosigner.

Apply for additional loans, including Grad PLUS and private options.

To get the best deal for your situation, read the fine print and shop around for the lowest interest rates and fees. You’ll probably need a cosigner.

Consider other options

Reduce your living costs.

Can you live at home? Stick to public transit?

Ask about getting credits from a more affordable school.

Reach out to your academic advisor about taking core requirements at community college. (But be strategic about when you take them—if you start school with enough credits to count as a second- or third-year student, you may be disqualified from grants and scholarships for first-year students.)

Look for more grants and scholarships.

There are always more available, even if school starts soon! Scholarship Finder is one place to look. If you already have a financial aid offer or currently enrolled in school, check with your school to find out their policy processing new scholarships. Scholarship displacement can occur where a school reduces or "displaces" aid already offered to a student after that student receives a new outside scholarship."

Consider working.

A job can reduce your borrowing and provide other benefits, but working more than 20 hours a week is associated with lower grades.

Consider working.

While working can reduce borrowing and provide enriching experiences, remember that studies have shown that working over 20 hours a week can be associated with lower grades.

Think about other programs at this school.

You might want to consider choosing a major that will open the door to more lucrative career fields.

Explore other schools.

Even if this is the only school you applied to this year, it’s not your only option. For example, if you are pursuing a bachelor's degree, you can always start att community college this year and apply to transfer to another school next year.

Explore other schools.

Even if this is the only school you applied to this year, it’s not your only option. Take this year to work, save money, and pursue enrichment opportunities in your field while preparing to apply again next year.

Up next: Save and get a URL for later

Great job!

You've made a plan to cover your school costs and graduate with as little debt as possible, and learned about the impact of loans on your future.

Copy and save this link so that you can come back and review your plan. We won't store this information.

Your link

Did this tool help you understand your financial aid offer?

Did this tool help you understand the potential impact of student loans?

Do you have another financial aid offer?

If you have another financial aid offer you can click the button below to start this form over and enter in your data for the other school.

Restart
Costs not covered yet