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Calculators

Gift Assistance

EFC Calculator

Provides estimates of state and federal aid, including expected family contribution (EFC), federal Pell grant, Illinois Monetary Award Program (MAP) grant and subsidized Federal Stafford loan.

Loans

Loan Repayment Calculator

Estimates what a student’s monthly payments will be once they enter repayment. The calculator can help you determine how much you should borrow based on what you reasonably will be able to repay.

Repayment Estimator

Use the Repayment Estimator from the U.S. Department of Education (ED) to learn which plans you may be eligible for and get estimates of your monthly and overall payments.

Monthly Payment Estimates Calculator

Provides estimated monthly loan payments for Federal Stafford, Federal PLUS and alternative student loans.

SLOPE (Student Loans Over Projected Earnings) Calculator

Calculates the percentage of a borrower's income that should be taken up by educational loan payments.

Cost of Deferment/Forbearance Calculator

Provides an estimate for interest owed on unsubsidized loans when in deferment.

Consolidation Payment Calculator

Provides an estimate for consolidating outstanding loans into a single loan/single payment.

Graduated Payment Calculator

Estimates monthly payments on a graduated repayment plan.

Monthly Interest Estimates Calculator

Estimates the interest paid per month on a Federal Stafford, Federal PLUS and alternative student loans.

Mapping Your Future Calculators

Contains calculators and the 12-Step Guide to Financial Success providing information on financial fitness, the wise use of credit cards and investment options, avoiding default on student loans and other debts, and accessing information on credit reports. The calculators also help with budgeting, balancing a checkbook, savings, loan consolidation, and debt-to-salary comparison.

College Cost and Savings

College Cost Calculator

Estimates the future cost of a child's college education. Costs are based upon average annual increases and the number of anticipated years spent in college.

Future Savings Calculator

Assesses a family’s current savings plan to determine if it will meet their future educational needs.

Monthly Savings Calculator

Estimates the amount of money a family or student needs to save each month to cover college costs.