FinAid Page

Displaying 1-26 of 26 results

  • Tools & Templates // Jan 2009

    Savings Plan Designer (Flat Contribution)

    This tool shows you how much money you must contribute each month to an interest-bearing bank account or investment fund in order to reach your savings goals.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Savings Plan Designer (Percent of Income Contribution)

    This tool shows you how much money you must contribute each month to an interest-bearing bank account or investment fund in order to reach your savings goals. Instead of calculating a fixed dollar amount to save per period, it calculates a percentage of your gross income.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Savings Growth Projector

    The greatest asset parents have available when preparing for the costs of their children's education is time. It is never too soon to start saving. The sooner you begin, the more your money will grow due to the wonders of compound interest. This Savings Growth Projector illustrates how regular contributions...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Annual Yield

    This Annual Yield Tool computes the annual yield required to achieve a given total return over a specified number of years. To calculate the required annual yield, you may either enter a total rate of return or the present value and desired future value of the investment.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Compound Interest

    This Compound Interest Tool illustrates the effects of compounding on the effective interest rate. It computes the effective interest rate for an investment compounded at different intervals.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Savings Plan Yield

    This Savings Plan Yield Tool computes the annual interest rate required to reach your savings goal given the present value of your savings, the value of your regular contributions and the amount of time available.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Savings Vs Borrowing Calculator

    It is cheaper to save than to borrow. When families contemplate college expenses, they can pay for it using a combination of past income (savings), current income and future income (loans). This tool demonstrates the tradeoffs between the different ways of paying for college.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Level Payment Calculator (Amount)

    This level payment tool is an integrated saving and borrowing tool that focuses on what really matters to most people: how much they'll pay per month. Think of it as a layaway plan for college that starts several years before matriculation and continues for several years after graduation. In other...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Level Payment Calculator (Percent Of Income)

    This level payment tool is an integrated saving and borrowing tool that focuses on what really matters to most people: how much they'll pay per month. Think of it as a layaway plan for college that starts several years before matriculation and continues for several years after graduation. In other...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Inverted Level Payment Calculator (Amount)

    This inverted level payment tool is an integrated saving and borrowing tool that focuses on what really matters to most people: how much they'll pay per month and how much money they'll have for college. Think of it as a layaway plan for college that starts several years before matriculation...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Inverted Level Payment Calculator (Percent of Income)

    This inverted level payment tool is an integrated saving and borrowing tool that focuses on what really matters to most people: how much they'll pay per month and how much they'll have for college. Think of it as a layaway plan for college that starts several years before matriculation and...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Expected Family Contribution (EFC) Calculator

    This tool is used to calculate the Expected Family Contribution (EFC) and financial need, and to estimate your student financial aid.This tool is used to calculate the Expected Family Contribution (EFC) and financial need, and to estimate your student financial aid.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Quick EFC Approximation Chart (Not EFC)

    This tool generates a simplified chart showing approximations of the Expected Family Contribution (EFC). The results are only an approximation of the Federal EFC figure that is calculated when you file the FAFSA form. This chart is likely to be within $500 of the correct results for typical students. The...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Proposal For Simplified EFC (Not EFC)

    This tool implements a proposal by Mark Kantrowitz for an extreme simplification of the federal need analysis methodology. It argues that if the loan repayment cap in the income-based repayment program is sufficient to evaluate ability to pay after a student graduates college, it should also be sufficient to evaluate...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Federal Housing Index Calculator

    Over-estimating the fair market value of your home can adversely affect your eligibility for financial aid. This tool uses the Federal Housing Index Multiplier (2006 tables) from the Bureau of Economic Analysis at the US Department of Commerce to compute the minimum derived value of your home, based on the...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Loan Payment Chart Generator (Rates Vs Fees)

    This Loan Payment Chart Tool generates charts that may be used to compare loans at various interest rates, fees, and loan terms. The tool can generate charts that compare monthly payments, total payments, and total interest paid over the lifetime of the loan. It can generate either absolute dollar amounts...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Loan Payment Chart Generator (Balance Vs Rates)

    This Loan Payment Chart Tool generates charts that may be used to compare loans at various loan amounts, interest rates, fees, and loan terms. The tool can generate charts that compare monthly payments, total payments, and total interest paid over the lifetime of the loan. It can generate either absolute...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Income Contingent Repayment Loan Payment Calculator

    This tool compares the cost of repaying Federal student loans using the Income Contingent Repayment (ICR) option and the standard repayment option, including the net present value of those payments.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Income Sensitive Repayment Loan Payment Calculator

    The Income Sensitive Repayment Tool compares the cost of repaying Federal student loans using the Income Sensitive Repayment (ISR) option and the standard repayment option.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Income-Based Repayment Loan Payment Calculator

    This tool compares the cost of repaying Federal student loans using the Income-Based Repayment (IBR) option and the standard repayment option, including the net present value of those payments.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Graduated Repayment Loan Payment Calculator

    This Graduate Repayment Tool computes an estimate of the size of your monthly loan payments using the graduated repayment plan. This repayment plan starts the payments at a low level (usually interest only) and gradually increases the payments until the balance is paid. This tool assumes that the interest rate...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    How Much To Borrow Calculator

    This tool helps you decide how much of the net college costs (e.g., the family contribution) should be paid from income and assets (or a short-term payment plan), and how much you should borrow through education loans to help pay the bill.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Economic Hardship Deferment Calculator

    This tool helps borrowers determine whether they are likely to qualify for an economic hardship deferment. It implements the federal regulations at 34 CFR 682.210(s)(6) and 34 CFR 674.34(e) and the statute at section 435(o) of the Higher Education Act.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Prepayment Calculator

    Making extra payments to reduce the principal balance on a loan can help pay off the loan sooner and reduce the total interest paid over the lifetime of the loan. This tool shows the impact of making regular extra payments on the loan. It shows the interest savings and the...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Loan Default Calculator

    This Loan Default Tool illustrates the extra costs associated with defaulting on a student loan.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Peer-To-Peer Lender Calculator

    The risk of default can have a big impact on a lender's return on investment. The purpose of this tool is to help peer-to-peer lenders evaluate the value of a loan by factoring in the risk of default. It calculates the risk-free equivalent rate of return.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Savings Plan Designer (Flat Contribution)

    This tool shows you how much money you must contribute each month to an interest-bearing bank account or investment fund in order to reach your savings goals.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Savings Plan Designer (Percent of Income Contribution)

    This tool shows you how much money you must contribute each month to an interest-bearing bank account or investment fund in order to reach your savings goals. Instead of calculating a fixed dollar amount to save per period, it calculates a percentage of your gross income.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Savings Growth Projector

    The greatest asset parents have available when preparing for the costs of their children's education is time. It is never too soon to start saving. The sooner you begin, the more your money will grow due to the wonders of compound interest. This Savings Growth Projector illustrates how regular contributions...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Annual Yield

    This Annual Yield Tool computes the annual yield required to achieve a given total return over a specified number of years. To calculate the required annual yield, you may either enter a total rate of return or the present value and desired future value of the investment.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Compound Interest

    This Compound Interest Tool illustrates the effects of compounding on the effective interest rate. It computes the effective interest rate for an investment compounded at different intervals.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Savings Plan Yield

    This Savings Plan Yield Tool computes the annual interest rate required to reach your savings goal given the present value of your savings, the value of your regular contributions and the amount of time available.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Savings Vs Borrowing Calculator

    It is cheaper to save than to borrow. When families contemplate college expenses, they can pay for it using a combination of past income (savings), current income and future income (loans). This tool demonstrates the tradeoffs between the different ways of paying for college.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Level Payment Calculator (Amount)

    This level payment tool is an integrated saving and borrowing tool that focuses on what really matters to most people: how much they'll pay per month. Think of it as a layaway plan for college that starts several years before matriculation and continues for several years after graduation. In other...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Level Payment Calculator (Percent Of Income)

    This level payment tool is an integrated saving and borrowing tool that focuses on what really matters to most people: how much they'll pay per month. Think of it as a layaway plan for college that starts several years before matriculation and continues for several years after graduation. In other...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Inverted Level Payment Calculator (Amount)

    This inverted level payment tool is an integrated saving and borrowing tool that focuses on what really matters to most people: how much they'll pay per month and how much money they'll have for college. Think of it as a layaway plan for college that starts several years before matriculation...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Inverted Level Payment Calculator (Percent of Income)

    This inverted level payment tool is an integrated saving and borrowing tool that focuses on what really matters to most people: how much they'll pay per month and how much they'll have for college. Think of it as a layaway plan for college that starts several years before matriculation and...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Expected Family Contribution (EFC) Calculator

    This tool is used to calculate the Expected Family Contribution (EFC) and financial need, and to estimate your student financial aid.This tool is used to calculate the Expected Family Contribution (EFC) and financial need, and to estimate your student financial aid.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Quick EFC Approximation Chart (Not EFC)

    This tool generates a simplified chart showing approximations of the Expected Family Contribution (EFC). The results are only an approximation of the Federal EFC figure that is calculated when you file the FAFSA form. This chart is likely to be within $500 of the correct results for typical students. The...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Proposal For Simplified EFC (Not EFC)

    This tool implements a proposal by Mark Kantrowitz for an extreme simplification of the federal need analysis methodology. It argues that if the loan repayment cap in the income-based repayment program is sufficient to evaluate ability to pay after a student graduates college, it should also be sufficient to evaluate...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Federal Housing Index Calculator

    Over-estimating the fair market value of your home can adversely affect your eligibility for financial aid. This tool uses the Federal Housing Index Multiplier (2006 tables) from the Bureau of Economic Analysis at the US Department of Commerce to compute the minimum derived value of your home, based on the...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Loan Payment Chart Generator (Rates Vs Fees)

    This Loan Payment Chart Tool generates charts that may be used to compare loans at various interest rates, fees, and loan terms. The tool can generate charts that compare monthly payments, total payments, and total interest paid over the lifetime of the loan. It can generate either absolute dollar amounts...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Loan Payment Chart Generator (Balance Vs Rates)

    This Loan Payment Chart Tool generates charts that may be used to compare loans at various loan amounts, interest rates, fees, and loan terms. The tool can generate charts that compare monthly payments, total payments, and total interest paid over the lifetime of the loan. It can generate either absolute...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Income Contingent Repayment Loan Payment Calculator

    This tool compares the cost of repaying Federal student loans using the Income Contingent Repayment (ICR) option and the standard repayment option, including the net present value of those payments.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Income Sensitive Repayment Loan Payment Calculator

    The Income Sensitive Repayment Tool compares the cost of repaying Federal student loans using the Income Sensitive Repayment (ISR) option and the standard repayment option.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Income-Based Repayment Loan Payment Calculator

    This tool compares the cost of repaying Federal student loans using the Income-Based Repayment (IBR) option and the standard repayment option, including the net present value of those payments.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Graduated Repayment Loan Payment Calculator

    This Graduate Repayment Tool computes an estimate of the size of your monthly loan payments using the graduated repayment plan. This repayment plan starts the payments at a low level (usually interest only) and gradually increases the payments until the balance is paid. This tool assumes that the interest rate...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    How Much To Borrow Calculator

    This tool helps you decide how much of the net college costs (e.g., the family contribution) should be paid from income and assets (or a short-term payment plan), and how much you should borrow through education loans to help pay the bill.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Economic Hardship Deferment Calculator

    This tool helps borrowers determine whether they are likely to qualify for an economic hardship deferment. It implements the federal regulations at 34 CFR 682.210(s)(6) and 34 CFR 674.34(e) and the statute at section 435(o) of the Higher Education Act.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Prepayment Calculator

    Making extra payments to reduce the principal balance on a loan can help pay off the loan sooner and reduce the total interest paid over the lifetime of the loan. This tool shows the impact of making regular extra payments on the loan. It shows the interest savings and the...

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Loan Default Calculator

    This Loan Default Tool illustrates the extra costs associated with defaulting on a student loan.

    Provided By FinAid Page

  • Tools & Templates // Jan 2009

    Peer-To-Peer Lender Calculator

    The risk of default can have a big impact on a lender's return on investment. The purpose of this tool is to help peer-to-peer lenders evaluate the value of a loan by factoring in the risk of default. It calculates the risk-free equivalent rate of return.

    Provided By FinAid Page