Budget Calculator

Be Careful!! Take Out Only What You Need!!

The Department of Education has created interactive calculators that will allow you to calculate your yearly budget and aid you in choosing the correct repayment plan.

Use the Budget Calculator to help you estimate your financial needs and create a budget for school and living expenses. Use the Repayment Calculator to help you decide which of the four Direct Loan repayment plans is appropriate for you.

We encourage you to read the description of each plan and the instructions for each data entry page very carefully.

• Budget Calculator
• Standard/Extended/Graduated Repayment Calculator
• Income Contingent Repayment Calculator

For more information:

• About Direct Loans
• Information Booklet (pdf)
• Repayment Options