5.2 Financial Aid Estimators

5.2.1 Click here to calculate the "Expected Family Contribution" (EFC) and financial need to estimate your student financial aid.  If you do not have or wish not to use actual family financial information, plug in factitious numbers to see how the calculator works.  Print and place results in your porfolio.

5.2.2 Click here.  College costs increase at about twice the inflation rate. Current increases have averaged 5% to 6%. This College Cost Projector estimates how much college will cost when you are ready to enroll. Place a copy of the homepage and one calculation of an educational institution of your choice. Be certain to compute using all costs such as tuition, room, board, fees, and any additional costs specified by educational institution.

5.2.3 Click here.  This calculator shows you how much money you must contribute each month to an interest-bearing bank account or investment fund in order to reach your savings goals. Print this homepage but play with the numbers including all in portfolio.

5.2.4 Click here.  This Loan Payment Calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them without too much financial difficulty. Copy this homepage and place in your portfolio. Use when planning finances for your education, it will be very useful when projecting your budget after completing your education. It can assist you to keep from over borrowing while in school and regretting it later.