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College Budget Calculator

Find out how much money will you have at the end of each month after you pay for school, books, room and board and other expenses. Use this calculator to itemize your income and expenses, and see how much cash you'll have left over each month.

Yearly Income

Job Income

including work-study
$

Scholarships

please enter amount awarded for the year
$

Grants

please enter amount awarded for the year
$

Financial Support from Parents/Other

$

Yearly Expenses

Expense Type

Expected Cost

* Tuitiontuition for one entire year $
* Books and Feesbooks and fees for entire year $

Expected Monthly Expenses

Expense Type

Expected Cost

Room and Board (on campus) $
Rent or Mortage (off campus) $
School Related Supplies $
Insurance (auto and/or personal) $
Clothing $
Telephone (including cell phone) $
Electricity $
Gas/Heat $
Water $
Internet $
Other Utilities $

Total Utilities

$
   
Food $
Car Payment $
Childcare $
Entertainment $
Student Loan Payment $

Credit Cards

$
Other $

* semester-based income/expenses, assumes two semesters per school year.

RESULTS

Estimated Monthly Net Income*

assumes 28% average income tax
$

Total Monthly Expenditures

$
Money Left Over Each Month $

Congratulations, you have left over money. Have you considered using this surplus to pay down loan or credit card balances?

Your income is not sufficient to cover expenses. Review each of your expenses for opportunities to cut back. Or talk to a NextStudent Education Finance Advisor about a student loan.


Quick Links

» Tools and Resources
» FAFSA on the Web
» Top Tips
» Financial Aid News
» FAQ
» Financial Aid Advisor: The Guided Tour

» NextPath


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Last updated Tuesday, February 09, 2010