Planning Inputs
Enter the school cost, target payment, and loan assumptions. Defaults use a 5% annual rate and 10-year repayment term.
Use the full amount you want to plan around.
This is the payment the student and parent agree is manageable.
Example: 5 means 5% APR.
Example: 10 years.
Scholarships, 529 funds, grants, savings, etc.
Optional: compare the current parent contribution to the required amount.
Core question this answers
“If we want the student payment to be no more than this amount, how much of the total school cost must be covered before financing?”
Calculated Plan
The calculator reverses the loan payment formula to determine the maximum amount that can be financed.
Required amount to cover before financing
$0
This is the amount that needs to come from parents, family, scholarships, grants, savings, or fundraising to hit the target payment.
$0
Maximum amount to finance
$0
Payment if current parent plan is used
$0
Additional amount needed vs. current plan
$0
Estimated interest on max financed amount
Adjust the desired payment to see how much more or less must be covered up front.