Our college loan calculator helps you add up all of your college expenses, so that you can determine how much you will need to pay for school. If you don’t know how much to budget for each expense, we’ve gathered some helpful data to help you estimate.
If you have already received your financial aid award letter, subtract your total financial aid awards (including federal loans) from your total college costs to determine how much you may need to borrow in private student loans.
Total college cost – financial aid awarded = amount needed in private student loans
1http://www.trends-collegeboard.com/college_pricing/ppt/2009_Trends_College_Pricing.ppt Average Published Charges for Undergraduates by Type and Control of Institution, 2009-10 (Enrollment-Weighted)