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Calcimator

Tuition Affordability Calculator

Calculate tuition as a percentage of household income with financial aid adjustments.

Inputs

$
$
$
$
$
$

Results

% of Income

40%

Affordability RatingSignificant Burden
Net Annual Cost$34,000.00
Total Net Cost (All Years)$136,000.00
Total Cost of Attendance$49,000.00
Monthly Cost$2,833.33
Aid Coverage30.6%
Total Annual Aid$15,000.00
How to Use This Calculator
  1. Enter Annual Tuition, Room & Board, and Fees & Books from the school's official cost-of-attendance disclosure.
  2. Enter your Household Income (gross annual) to anchor the affordability calculation.
  3. Add Grant / Need-Based Aid and Scholarships you have been offered or expect to receive.
  4. Set Years of Study to match your degree length (typically 4 for a bachelor's, 2 for a master's).
  5. Review % of Income and the Affordability Rating — under 20% of income is generally considered affordable.
  6. Check Net Annual Cost and Monthly Cost to plan your monthly budget during school.

How the result changes with Annual Tuition

Annual Tuition% of Income
$10,000.0010.6%
$35,000.0040%
$65,000.0075.3%
$90,000.00104.7%

What each input means

Annual Tuition
Yearly tuition cost before aid.
Room & Board
Annual housing and meal plan cost.
Fees & Books
Annual fees, books, and supplies.
Household Income
Annual household gross income.
Grant / Need-Based Aid
Annual grants and need-based aid (free money).
Scholarships
Annual merit or athletic scholarships.
Years of Study
Expected years to complete the degree.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Annual Tuition = 35000, Room & Board = 12000, Fees & Books = 2000, Household Income = 85000 = 7 input(s) provided
  2. Calculate % of Income
    % of Income
    40 = 40%
  3. Calculate Affordability Rating
    Significant Burden = Significant Burden
  4. Calculate Net Annual Cost
    Net Annual Cost
    34000 = $34,000

Engine last updated .

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