Online Calculators to Estimate College Costs
We all know that college and university are very expensive, and planning head will always make it easier for you and even saves you money in the long run,
Since our society requires college and university educations, students are forced to seek further education after High School
This college cost and savings calculator is the ideal tool for your college preparation needs. Get a personalized projection of your future college costs by entering your child’s age, the type of school you’re saving for, and your household income.
CNN Money is a good place for aspiring college students to begin estimating college costs. The site’s college cost calculator can find the cost of any U.S. college or university. All you have to do is type in the name of the school or search for the school by the state.
The College Board College Cost Calculator can help you estimate college costs if you do not plan on attending college for at least a year or up to 5 years. Actual costs are provided for users who have a particular college in mind, and average costs are provided for users who aren’t sure which school they will attend.
This free online calculator from The New York Times can estimate the future costs of tuition, fees and room and board based on the rate at which college costs typically increase. The calculator works well for students who plan on attending college one year from now, 10 years from now or 20 years from now.
The FinAid College Cost Project helps students estimate how much college tuition will cost when they are ready to enroll in a college program. The calculator uses an average inflation rate of 7% and can estimate the cost of a two-year college or a four-year college.
Salary.com’s College Tuition Planner helps students estimate how much they need to save for college based on their age, college location and the duration of college programs. The planner can also estimate average costs for students who aren’t sure which school they will attend in the future.
This free online calculator from Salary.com helps students estimate and compare the cost of living in 300+ cities around the nation. The calculator works especially well for students who will be living off campus because it provides the salary needed to maintain your preferred standard of living.
The Citi Student Loan Calculator is an excellent tool for students who are trying to determine how much they need to borrow to cover college costs. The calculator considers everything from tuition and itemized fees to school supplies and room and board.
Developed by TG, a non-profit company, this tool can help students determine how much they’ll have to pay out monthly for a student loan. To get results, users need to input the loan amount and term of the loan as well as the annual interest rate. An amortization table is available so users can see the portion of each of their monthly payments that goes to interest and to the principal.
Sallie Mae’s Loan Repayment Calculator displays monthly payments as well as interest payments under various repayment plans so that students can calculate the differences and choose the best loan repayment option.
10. Individual Schools’ Net Price Calculators
Students who have already committed to a specific college, but still want to know what they’ll have to pay to attend can find net price calculators on school websites. Not all schools offer this option, but those that do can give students an estimate of what their family contribution will be. Generally, users need to be prepared to provide personal financial information in order to get a usable estimate. Some schools that offer this tool include: