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 Planning Tools and Calculators

It is never too early to start planning for college. Saving money, learning about financial aid and budgeting for your life as a student are all part of the process. This page lists some tools and sources of information that you might find helpful before, during and after you go to college.

On this page

 

PLANNING FOR COLLEGE

 GENERAL RESOURCES 

  • StudentAid.gov -- the website of the Office of Federal Student Aid (U.S. Dept. of Education) 
  • College Preparation Checklist (from the U.S. Department of Education)
  • CashCourse.org --  Get tips on handling your money from the U-M Office of Financial Aid and the nonprofit National Endowment for Financial Education at this free personal finance website. A student account and login is required, which will allow students to create a personal portal to save personal finance articles and information. Following is a "Saving Made Easy" video from CashCourse. 

 
 

 ESTIMATING THE AMOUNT YOU'LL NEED TO SAVE

APPLYING FOR FINANCIAL AID

 THE FINANCIAL AID APPLICATION PROCESS 

 ESTIMATING YOUR EXPECTED FAMILY CONTRIBUTION (EFC) AND FINANCIAL AID

 COMPARING FINANCIAL AID OFFERS

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PLANNING FOR STUDENT LIFE

  BUDGETING AND FINANCIAL PLANNING

 ESTIMATING YOUR UNIVERSITY OF MICHIGAN BILL 

  • Wolverine Access > Campus Finances > Financial Planning Calculator > Calculate Estimated Bill

    Once at the site, answer a few questions and select Calculate Estiamted Bill to see what your bill will be for the upcoming term. (The bill estimator is not available for the Spring and/or Summer terms.)
 CREDIT CARDS, TAX CREDITS, AND MONEY MANAGEMENT

 

 

MANAGING YOUR STUDENT LOANS

   ESTIMATING YOUR LOAN ELIGIBILITY

  • Wolverine Access > Campus Finances > Financial Planning Calculator > Calculate Private/PLUS Loan Eligibility

    Select Calculate Private/PLUS Loan Eligibility to see how much you would be able to borrow through a private loan program or through the federal PLUS Loan program. (This calculator is not available for the Spring and/or Summer terms.) Parents who have been authorized to see their student's account information will also be able to use these calculators. (Get information on how to authorize a Friend Account.)

  REPAYMENT OPTIONS

  ESTIMATING YOUR MONTHLY LOAN PAYMENTS

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