FINANCIAL AID CALCULATOR – COLLEGE SELECTION CALCULATOR

The College Selection Calculator is used to compare financial aid packages after you have already been accepted. This financial aid calculator is designed for first time, full time undergraduates before enrollment. By using this financial aid calculator, you can estimate you total student loans and monthly payments. There is an “Increase Annually” box that increases costs over the length of the program. Typically, college prices increase by 3-5% per year. A private loan interest rate is require for this calculator as well in case it is needed in future years. Generally, they range from 6-10% but can be higher. More information on private loans can be found here. This calculator can help you get an idea of monthly payments after you graduate from college so you can pick which school and college major best fits your goals. To save your results, sign up for an account!

College Selection Tutorial

Enter College Name

Length of Program
Annual Increase

Total Cost Of College

$

EFC

$

State Grants

$

College Grants/Scholarships

$

Federal Grants

$

Local Scholarships

$

Other Funding

$

Work Study Offered

$

Student Funds

$

Family Funds

$

Subsidized Loans:

$

Perkin Loans:

$

Unsubsidized Loans:

$

Private Loan Interest Rate:

%

Private Loan Origination Fee:

%

Private Loans Taken:

$

Funding Left:

$

Enter Income at Graduation:

$