Monthly Budget Calculator

	Parent Resources Learning the Loan Process Choosing a Lender Considering a Cosigner Borrowing Responsibly Exploring Private Loans Applying for Loans Understanding Loan Counseling
	Repaying Student Loans
	•	Repayment Options
	•	Loan Consolidation
	•	Deducting Interest
	•	Payment Problems
	•	Postponing Payments
	•	Repayment Calculator
	•	Budget Calculator
	•	Accrued Interest Calculator
	Información en Español

Repaying Student Loans

Use this monthly budget calculator to estimate your potential costs and to help you keep your expenses under control throughout your college experience.

Remember to only enter a monthly amount for all fields.

All fields required.

	Monthly Budget Calculator

	Take Home Pay:	$	Other After Tax Income:	$

	Education Expenses		Living Expenses

	Tuition & Fees:	$	Clothing & Shoes:	$

	Books & Supplies:	$	Laundry/Dry Cleaning:	$

	Education Loan Payments:	$	Personal Care (hair, toiletries)	$

	Food Expenses		Housing Expenses

	Campus Meal Plan:	$	Room & Board:	$

	Groceries:	$	Utilities:	$

	Restaurant:	$	Telephone:	$

	Beverages:	$

	Entertainment Expenses		Transportation Expenses

	Movies, Plays, Concerts:	$	Car Payment:	$

	Cable/Satellite TV:	$	Gas, Oil, or Services:	$

	Sporting Events:	$	Auto Insurance:	$

			Parking Fees:	$

			Local Bus, Subway, Taxi Fare, Plane, Train, or Bus Fare Home:	$

	Other Expenses		Other Expenses

	Computer/ Internet Access:	$	Subscriptions/ Membership Dues:	$

	Medical Expenses:	$	Gifts:	$

	Loan Payments:	$	Health Insurance:	$

	Monthly Totals

	Expenses Without Education Loans:		$

	Funds Available:		$

	Expenses With Education Loans:		$

	Remaining Funds:		$

Tips

If your income is not enough to cover the education loans, visit:

Repayment Options to learn how to lower your education loan payments

Payment Problems for guidance on handling the situation when you cannot make the required loan payments.

If you have excess funds remaining, consider paying off your education loans early to limit the interest you pay.

SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.