Student Financial Services
Planning Tools
Here are some tools and worksheets that can help you think about summer employment, career choices, loan repayment, and more.
Calculators and tools on the Student Financial Services website
- Our LIPP Benefits Estimator can illustrate how LIPP can help you repay your loans over the short term (1 year) or long term (10 years).
- Our Take Home Pay Estimator will show you how much you'll have left after taxes and loan repayment when you graduate and start working, and will estimate how your total loan repayment compares to your total income in the 10 years after you graduate.
- Our Estimated Student Contribution from Summer Income calculator (For Single Students ONLY) lets you estimate how much of your summer income will be expected as a student contribution next year. At this time, due to the complexity of how financial aid is calculated for married students and students with dependents, we are unable to offer a calculator for this population. We do, however, have a worksheet available which will help you determine a reasonable estimate of your Student Contribution. It can be found here.
- Our Supplemental Loan Comparison Tool helps you compare the cost of various supplemental education loan programs.
- See your HLS Borrowing Summary for a summary of your education loans and estimated repayment amounts. (Login for this report is the same HLS username (i.e. jdoe, jdoe.jd10, etc.) and password you use to access HLS email).
- Go to My HLS Financial Aid for current financial aid status and award package details. In addition, you will find your 2007-2008 LIPP Eligible Borrowing Amount on the "Message" tab of this system.(Login instructions for this system can be found on the bottom left-hand side of the page you will see after clicking on the link above).
Other useful calculators and tools
- This Loan Payment Calculator at www.finaid.org can help you estimate the monthly payment on one or more of your loans, and show you how much you'll pay off over time.
- You can calculate the Cost of Interest Capitalization at www.finaid.org to see how much capitalized interest will add to the outstanding balance and monthly payment of a given loan.
- You can find many other financial aid calculators at www.finaid.org.
- What is the value of higher education? You can find that (under the "college" link) and many other personal budgeting calculators at The Motley Fool.
- What is the average federal tax rate on a given income? Use this calculator at Smartmoney.com to find out.