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.
Planning for CollegeTop
- StudentAid.gov (U.S. Dept. of Education)
- College Preparation Checklist (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.
- How to Start Saving for College (College Board)
- CashCourse.org: 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.
Applying for Financial AidTop
Learn 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 AidTop
- U-M Net Price Calculator (U-M Office of Financial Aid)
- Online EFC Calculator (College Board)
Comparing Financial Aid OffersTop
- Financial Aid Comparison Sheet (U-M Office of Financial Aid)
- Compare Your Awards Tool (College Board)
- Financial Aid Comparison Shopper (U.S. Consumer Financial Protection Bureau)
- Consumer Information (U-M Office of Financial Aid)
Planning for Student LifeTop
Budgeting and Financial Planning
- Your Money Your Life (U-M Office of Financial Aid)
Estimating your University of Michigan Bill
- Go to 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
- Planning to Pay for College: How to Start Thinking About College Costs (College Board)
- Tax Benefits for Education (Internal Revenue Service)
- Identity Theft Website (Federal Trade Commission)
- Protect Your Identity (U-M Information and Technology Services)
Managing Your Student LoansTop
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 Plans and Calculators (U.S. Department of Education)
- Repaying Loans (U-M Office of Financial Aid)
- Loan Limits and Calculators (U-M Office of Financial Aid)
Estimating your Monthly Loan Payments
- Financial Awareness Counseling Tool (U.S. Department of Education)
- Student Loan Calculator (College Board)
- Parent Loan Repayment Calculator (College Board)