Planning Tools & Calculators

It is never too early to start planning for college. Saving money, learning about financial aid, and budgeting for your life as a student are all part of the process. This page lists some tools and sources of information that you might find helpful before, during, and after you go to college.


General Resources

  • -- the website of the Office of Federal Student Aid (U.S. Dept. of Education) 
  • College Preparation Checklist (from the U.S. Department of Education)
  • GradSense -- an online financial literacy platform for graduate and professional students sponsored by the Council of Graduate Schools.
  • Your Money Your Life -- The U-M Office of Financial Aid's personal finance website.
  • --  Get tips on handling your money from the U-M Office of Financial Aid and the nonprofit National Endowment for Financial Education at this free personal finance website. A student account and login is required, which will allow you to create a personal portal to save personal finance articles and information. Below you'll find a "Saving Made Easy" video from CashCourse. 

Estimating the Amount You'll Need to Save


The Financial Aid Application Process

  • FAFSA Overview Video -- Federal Student Aid explains how the Free Application for Federal Student Aid offers access to grants, federally subsidized loans, and Work-Study jobs.


Estimating Your Expected Family Contribution (EFC) and Financial Aid

Comparing Financial Aid Offers


Budgeting and Financial Planning

Estimating your University of Michigan Bill

  • Wolverine Access > Campus Finances > Financial Planning Calculator > Calculate Estimated Bill

    Once at the site, answer a few questions and select Calculate Estimated Bill to see what your bill will be for the upcoming term. (The bill estimator is not available for the spring and/or summer terms.)

Credit Cards, Tax Credits, and Money Management


Estimating your Loan Eligibility

  • Wolverine Access > Campus Finances > Financial Planning Calculator > Calculate Private/PLUS Loan Eligibility

    Select Calculate Private/PLUS Loan Eligibility to see how much you would be able to borrow through a private loan program or through the federal PLUS Loan program. (This calculator is not available for the spring and/or summer terms.) Parents who have been authorized to see their student's account information will also be able to use these calculators. (Get information on how to authorize a Friend Account.)

Repayment Options

Estimating your Monthly Loan Payments