100 Money Saving Financial Calculators for College Students and Parents

Thanks to inflation and college tuition hikes, planning for college requires a mastery of investing principles and figuring out all the little tricks that maximize your savings accounts. Most of us are a little rusty when it comes to picking out the best loan, savings bond or even credit card for the job, so these calculators will help you straighten it all out.

Financial Aid and Tuition

Calculate your Expected Family Contribution, overall cost of college, loan payments and more with these financial aid and tuition tools.

  1. College Cost Projector: Figure out how much you can expect to pay for your student’s tuition in a few years.
  2. Level Payment Calculator (Percent of Income): Parents can figure out what percent of their monthly income they will have to contribute to a college savings plan.
  3. Loan Calculator: Calculate your monthly loan payments and the salary needed to pay them here.
  4. College Cost Calculator: Here is another calculator to add up the total estimated costs of college.
  5. Expected Family Contribution Calculator: In order to qualify for financial aid, you’ll need to calculate the EFC.
  6. Federal Student Aid FAFSA4caster: Here you can determine whether or not your family qualifies for financial aid.
  7. Long Term Planning Calculator: This detailed calculator takes into consideration projected number of years in college, annual cost increase, current savings and more.
  8. Accrued Interest Calculator: Learn how accrued interest affects your loan payment plan.
  9. Student Loan Calculator: Figure out student loan repayments with the help of this calculator.
  10. Estimate your EFC: This is another Estimated Family Contribution calculator.
  11. Financial Aid Award Evaluator: Use this tool to understand how your scholarships and awards will impact your total payment.
  12. Loan Benefits Program Calculator: This tool helps you understand the savings you can accrue by using special benefits like auto-debit and on-time payments.
  13. How Much to Borrow: Find out how much financial aid you’ll need to supplement your own savings.
  14. Standard, extended and graduated repayment calculator: Calculate the repayment plans from your Stafford loan here.
  15. College Loan Prepayment Calculator: Pay off your loan faster when you see the benefits worked out here.
  16. Parent Loan Repayment Calculator: Parents can discover the kind of loan payments they can afford here.
  17. Federal Loan Consolidation Calculator: Determine if this method will be beneficial.
  18. Student Loan Calculator: Student Loan Repayment Calculator: Chase’s repayment calculator lets you compare up to three loans at once.
  19. How much will you pay?: CNN Money’s calculator helps you figure out the fastest way to pay off loans.
  20. Student Loan Calculator/College Savings Calculator: Submit current savings, rate of return monthly contribution and cost inflation to figure out your balance and expenses per year.


Find out just how much you should be saving each month and for how long with these tools.

  1. College Savings Calculator: This tool will help you budget your salary or income so that you’ll have enough for college.
  2. Savings Plan Designer: This calculator tells you how much you need to put in to an investment or interest-bearing bank in order to pay for college.
  3. Trust Fund Calculator: If you have a trust fund set up, find out if it’ll be enough to cover college expenses after interest and inflation are considered.
  4. Savings and Tax Plans: Find out if your current savings plan is enough.
  5. How much can you save?: Discover how much you can save in varying amounts of time.
  6. Saving for a goal calculator: Bankrate.com’s calculator will help you figure out how much you need to put away to reach your financial goal.
  7. College Savings Calculator: Enter annual college costs, years until enrollment, current savings and other factors.
  8. Savings Calculator: This tool shows you how long it will take to reach a financial goal.
  9. What will it take to save for a college education?: Consider inflation, federal tax rate, current savings and more.
  10. College Savings Plan Calculator: Here you will see a chart that details your savings balance and growth.

Basic Budgets

Use these calculators to straighten out your budget while you’re in school, documenting expenses for housing, food, laundry and more.

  1. Monthly Budget Calculator: When it comes to repaying your loans, this tool will help you evaluate your budget against your debt.
  2. College Expense Worksheet: Enter amounts for books, utilities, cell phone, laundry, entertainment and more to get a realistic budget.
  3. Budget Calculator: This FAFSA calculator helps students budget transportation, housing, food, and more.
  4. Student Budget Calculator: This calculator displays amounts in British pounds but has great entries for part-time jobs, holiday jobs, family contribution and more.
  5. Student Budget: Here is another calculator that organizes students’ expenses.
  6. Student Budget Calculator: Tally up your daily expenses on food, travel, clothing and loan payments.
  7. How much am I spending?: Parents and students can use this budget calculator from The Motley Fool.
  8. How much should I set aside for emergencies?: Consider how much of a cushion you want for auto repairs, medical bills, unemployment and other emergencies.
  9. Chase Student Loans Calculator: Consider expenses and income from your job, scholarships, books, room and board, and more.
  10. College Budget Planner: Fill in this calculator, compute and then print out so that you’ll stick to your spending goals for trips home, car payments, gas, snacks, clothes, rent and more.

Travel and Study Abroad

Travel actually plays a big part in some college students lives, from study abroad to campus visits to holiday trips home. Use these calculators to plan ahead.

  1. Trip Calculator: Calculate your gas budget on a road trip across the country here.
  2. AAA Fuel Cost Calculator: AAA helps you calculate the gas price of your trip and even considers your vehicle make, year and model.
  3. Travel Budget Calculator: Calculate your spring break or summer trip overseas with this tool.
  4. Universal Currency Converter: Study abroad students and their parents can use this tool to create a realistic budget.
  5. ISA Budget Calculator: Use this study abroad company’s customizable, fill-in budget to estimate the cost of commuting, passport and visa fees, housing, tuition, plane tickets, textbooks and more.
  6. WebFlyer MileMarker: Using this tool, you can better estimate how and when to use your frequent flier miles for a trip home.
  7. Roadtrip America Fuel Cost Calculator: Here is another calculator that will estimate what you spend on gas for a campus visit or trip home.
  8. Travel Budget Calculator: Customize your own travel budget for the amount of time you’ll be on vacation or visiting home with this tool.
  9. Backpacker Travel Budget Calculator: Calculate how much it will cost to backpack alone through Southeast Asia, North Africa or Europe.
  10. Travel Budget Calculator: Here you can add up expenses like car rentals, local transportation, airfare, bank fees, Internet cafes, rail passes and more.


Learn how to make room for auto payments and maintenance with these calculators.

  1. Monthly auto loan payment calculator: Discover how much you’ll need to pay per month for your car.
  2. Auto Loan Calculator: This tool from Edmunds.com calculates sales tax, title and registration, rebates, cash down and more.
  3. Yahoo! Autos Finance Calculator: Here you can determine loan payments or lease payments.
  4. Auto Maintenance Budget Calculator: Based on mileage, figure out your annual and monthly auto maintenance budget.
  5. Car Cost Comparison Calculator: Compare expenses like licensing, financing rate, annual insurance premium, mileage and more for two different cars.

Room and Board

Calculate the cost of living with these tools.

  1. Should I live on campus, off campus or at home?: Find out which option saves you the most money.
  2. MrLandlord.com: Access all types of rent and mortgage calculators here.
  3. Is a meal plan a good idea?: Here you can find out if a meal plan makes sense for your budget and dietary needs.
  4. How much should I budget for college living expenses?: Budget your cable, cell phone, laundry, food and other living expenses here.


From stocks and bonds to savings plans, these investment calculators can help you maximize what you started out with.

  1. Value of College Calculator: Here you can see just how beneficial a college education is.
  2. Calculate the value of your paper savings bond(s): Find out if this investment is really worth it for college.
  3. Which bond is better?: Compare the benefits and investments of two kinds of bonds.
  4. SEC Mutual Fund Cost Calculator: Here you can compare the fees of mutual funds.
  5. College Savings Calculator: See how your college investment is reacting to inflation.
  6. Stock Option Calculator: Enter your current stock price, number of options and other factors.
  7. Investment Returns: Discover the returns you’ll be getting on your investments here.
  8. Investment Loan: Find out if getting a loan to finance an investment is worth it.
  9. Taxable vs. Tax Advantaged Investments: Learn more about how taxes are applied to your investments here.
  10. Should I sell my funds now and invest the money elsewhere?: Get the most out of your investment by figuring out where to put it.
  11. When will I recover my fund costs?: Calculate when you’ll get your fund costs back using this tool.

Tax Deductions

Students and parents rely on tax breaks to get them and their children through school. Add up the benefits here.

  1. IRS Withholding Calculator: This official calculator will help you determine if you’ve been withholding the correct amount from your pay.
  2. Tax Exemptions and Deductions for Families: Learn all about family deductions and dependents here.
  3. TaxCaster: Estimate your 2008 refund here.
  4. TaxCaster Education: Calculate how much you spent for your child’s college education last year.


Besides paying for their kids’ college, retirement is a huge burden on many parents. Learn how to balance both budgets here.

  1. Retirement Planner: Enter your current age, desired retirement age, life expectancy, current income and other factors.
  2. How much money can I save in my 401(k) plan?: Determine whether or not you should count on your 401(k) to help you through retirement.
  3. Retirement Planner: Bloomberg.com’s planner takes into account your current savings balance and future withdrawals.
  4. Plan for your retirement: Discover if what you’re saving now is enough.
  5. Life expectancy calculator: Life expectancy is an important factor when organizing your retirement plan.
  6. How long will my retirement savings last?: State Farm helps you answer this question and adjust your budget accordingly.

Credit Cards

Learn about monthly payments, the damage of just shelling out the minimum payment, and the difference between credit card fees using these tools.

  1. The true cost of paying the minimum: Discover how painful compound interest really is to your budget.
  2. How will rate charges affect my balance: This tool estimates how rate charges come into play.
  3. Should I consolidate my debts?: Figure out if this option is viable for you.
  4. Is a lower rate worth the annual fees?: Here you can get help deciding the kind of credit card that will work best for you.
  5. Should I consolidate my credit cards?: Use this tool to decide how to cut credit card costs.


These debt calculators can help you figure out how much you can afford to accrue and when you can expect to pay it off.

  1. Parent Debt Calculator: Find out how much debt you’ll be able to take on.
  2. Debt-to-Income Calculator: Discover how much debt is actually manageable for your and your family.
  3. How long will it take to pay off my balance?: Discover how long you’ll be paying off debt and loans here.
  4. What will it take to pay off my credit card?: Figure out how long it will take until you’re debt-free.
  5. When will you be debt free: CNN Money helps you organize a realistic plan for dissolving debt.


After college, your salary will determine how fast you can pay off student debt. Get salary reports and calculators here.

  1. Salary.com: Get a personal salary report to find out if you’re making what you deserve.
  2. Cost of Living: Find out if the entry-level salary you can earn in the city you graduated in is better or worse than moving back home.
  3. What are you worth?: Find out how much your industry pays.
  4. PayScale: Compare your salary to the average in your area and across the U.S.
  5. Paycheck City: Calculate gross pay, pay frequency, federal withholding and more.


Turn to these calculators for even more money-saving resources and tips.

  1. Amount to Borrow Calculator: This calculator uses factors like EFC, scholarships and personal savings to estimate how much you should borrow.
  2. College Costs Calculator: Get a realistic idea of the cost of room, board, books, class fees, transportation, computers and more.
  3. What investments can I use to save for college?: Enter in your saving frequency and filing status to get savings plan ideas.
  4. What will it take to save for a college education?: Consider inflation, federal and state taxes, years until college and more.
  5. What expenses do I face prior to attending college?: Discover how application fees, campus visits and more can drain your college budget.
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