Financial Aid Calculators

TAP Estimate

• TAP Award Estimator (HESC) - Estimate the amount you may receive from the New York State Tuition Assistance Program.
• Quick TAP Estimator (HESC) - Get a general idea of the amount you may receive from the New York State Tuition Assistance Program, based on fewer questions.



Budgeting

Government or government sponsored
• HESC College Tuition Cost Projector - Project the total cost of tuition at the college of your choice.
• Budget Calculator (Mapping Your Future) – Project income versus expenses; gain an understanding of discretionary versus mandatory expenses.
Non-government
• Parent Debt Calculator (College Board) – As a parent, can you afford to take on additional debt?
• Parent Loan Repayment Calculator (College Board) – What will your loan payments be?
  



College Savings, College Costs

Government or government sponsored
• College Savings Calculator (ED) – Determine how much you could or should be saving for college.

• College Cost Calculator (College Board) – Get an idea of how much college will cost you.
• College Savings Calculator (College Board) – Are you on track to save enough for college?
• Determine Your College Savings Needs (BankRate) – Determine how much you need to save for college.
• 529 College Savings Plan Estimator (BankRate) - Compare what you think you could earn in a regular taxable account with what you'd earn with a 529 college savings plan.

Expected Family Contribution and Financial Aid Projections

• FAFSA4caster (ED) – Get an early start on the financial aid process and financial aid projections.
• Financial Aid Wizard (ED) – Plan out your financial aid packages including estimating your expected family contribution and federal aid, and interpreting and analyzing your financial aid award letters.
Non-government
• Expected Family Contribution (College Board) – Get an idea of the amount you and your family are expected to contribute toward your college costs.
• How Much Financial Aid Can You Expect? (BankRate) – Give your family a sense of how much they will have to contribute toward your education.

Loan Payments

• HESC Loan Repayment Estimator - Estimate the monthly payments on your student loans.
• Debt and Salary Wizard (Mapping Your Future) – Determine how much salary is required to make the payments on current and future student loan debt.
• Student Loan Calculator (Mapping Your Future) – Get an estimate of what your future monthly payments would be for your federal student loans, including Stafford and PLUS loans.

• Student Loan Calculator (College Board) – Calculate your loan payments and compare them to your expected starting salary.

Consolidation Loan Repayment

Government or government sponsored
• Consolidation Loan Repayment Estimator (Mapping Your Future) – Estimate your monthly payments, principal, and interest for a consolidation loan.