The College Reality Check Calculator for Parents

As you consider colleges and financial aid, it’s important to get a financial reality check for after graduation.

Our Reality Check Calculator helps you and your student think about income potential, fixed expenses (insurance, student loan repayment, etc.), and living expenses (apartment, food, phone, gas, car, etc.) after graduation.

As a guide, College Parents recommends a 50/30/20 budget - 50% of your income for NEEDS, 30% for WANTS, and 20% for DEBT & SAVINGS. Use the calculator to weigh the impact a potential loan amount could have on meeting other financial obligations.

College Parents of America is the nation's only membership organization supporting parents of current and future college students. Founded in 1997, College Parents of America provides tailored resources, guidance, and support to help parents navigate the college experience - from application to graduation. Learn more about a Premium Subscription.