Financial Aid Calculators
CUNY Financial aid calculator
The CUNY website has a Financial Aid Estimator to calculate the financial aid awards you may receive if you attend CUNY. It will let you see the cost of attending CUNY as well as the amount of financial aid available to you to meet these costs. This information can help you compare costs at CUNY to those of other institutions so that you can determine which colleges are most affordable for you.
In order for CUNY to give you a financial aid estimate, we will ask you to supply your Expected Family Contribution (EFC), which is found on your Student Aid Report (SAR). You received this when you filed your Free Application for Federal Student Aid (FAFSA). If you have not yet completed and submitted your FAFSA, you may do so by going to www.fafsa.gov.
When you receive your SAR with your EFC, please return to this site to obtain your CUNY financial aid estimate. To access the Financial Aid Estimator, click here or go to the financial aid home page www.cuny.edu/financialaid and click on the Financial Aid Estimator link on the right.
FAFSA4caster is an online tool to help you and your family prepare financially for college before officially applying for federal student aid. It provides an estimate of federal student aid eligibility by calculating an estimated Expected Family Contribution - the indicator used to estimate your family's or a student's financial strength. FAFSA4caster determines what type of federal aid (grants, loans) the student is eligible to receive and provides an estimate award amount.
HESC TAP Calculator
Expected Family Cost Calculators
Estimated Family Cost Calculator (EFC) - estimate how much your family will be expected to pay.
This form is used to prepare an approximation 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.
Use the College MatchMaker to find colleges that meet all of your needs or use the College QuickFinder to explore a school already familiar to you.
College Cost Calculators
Use these calculators to see how much college will cost by the time you enroll. http://apps.collegeboard.com/fincalc/college_cost.jsp http://www.finaid.com/calculators/costprojector.phtml
College Savings Calculators
Use these calculator to see how much money you'll need for college, whether you're on track to save enough, and what you need to do to reach your goal.
This form is used to determine whether you are a dependent student or an independent student according to the Federal Need Analysis Methodology.
This calculator will help you understand your student loan repayments in relation to your possible starting salary.
This Student Loan Advisor provides you with an estimate of the amount of educational debt you can reasonably afford, given the expected starting salary for your major.
For undergraduate students:
For Graduate students:
Parent Loan Calculators
If you are planning on borrowing for your child's education, you need to know your capacity to take on additional debt.
If you are considering borrowing for your child's education, this worksheet will calculate your monthly repayments based on the repayment period.
This calculator 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.
This Savings Growth Projector illustrates how regular contributions to an interest-bearing bank account or investment fund will grow due to compound interest.
The Student Budget Calculator calculates the difference between your expenses and income, identifying when you are spending beyond your means.