Sallie Mae offers easy to use calculators—from saving
to repaying and estimating to budgeting college costs. There's
even one to estimate Expected Family Contribution (EFC) before
completing the FAFSA.
Long
Term Planning Calculator
Estimate the monthly savings that will be required to support
up to three children who are planning to attend college. Users provide the present cost of attending a college, the number of
years before each student enters school, current savings, and
the anticipated annual return on savings.
College
Cost Calculator
Estimate the future cost of a college education. Costs are based
on average annual increases and the number of anticipated years
spent in school.
Future
Savings Calculator
Estimate the amount families will have saved at the time the student
enters school. User provides monthly saving amounts,
the saving's average return, and the number of years until the
student enters school.
Monthly
Savings Calculator
Estimate the amount families will need to save on a monthly basis
to meet their college savings goal. Users provide
target savings goal, currently available savings, number of years
until the student enters school, and the average return.
Monthly
Budget Calculator
Help students identify key budget items and better understand
their financial situation.
Repayment
Calculator
Estimate the monthly loan payments based on the principal balance,
interest rate, and loan term. Ideal to help students and parents
borrow responsibly.
Accrued
Interest Calculator
Estimate the interest that accrues on an account over a period
of time (for students who already have a student loan).
Expected
Family Contribution (EFC) Estimator
Estimate a family’s potential financial responsibility before
completing the FAFSA.
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