Financial Aid Tools and Calculators

Financial aid tools can help students and parents get organized and make informed decisions about how to pay for college. These tools include financial aid calculators, financial aid checklists, college planning calendars and a glossary of financial aid and college admissions terminology.

Calculators

  • Student Loan Calculator. This tool calculates the monthly loan payment based on the loan balance, interest rates, fees and repayment term.
  • Saving for College vs. Saving for Retirement. Compare two strategies for saving for retirement. If the interest rate on debt exceeds the interest rate on savings, saving for college in addition to saving for retirement will yield more money for retirement than saving only for retirement while borrowing for college.
  • Age-Based Asset Allocation Calculator. This tool calculates the equivalent fixed annual rate of return that corresponds to a particular age-based asset allocation investment approach.

Checklists

Calendars

Glossary

Books

Other Resources

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