Jump to page content

Pay For College

Home > Pay for College > Calculators > Parent Loan Repayment Calculator

Parent Debt Calculator

If you are planning on borrowing for your child's education, you need to know your capacity to take on additional debt. Complete the following form to get an instantaneous analysis.

Do not use commas when entering dollar amounts (e.g. 2000 — not 2,000)

Enter your income and current debt information below. Enter whole dollars. Omit cents.

Income of Parent(s)

$ ANNUAL Adjusted Gross Income of Parent(s)

$ ANNUAL Nontaxable Income of Parent(s)

MONTHLY Debt Payments of Parent(s)

$ Monthly rent or mortgage payment

$ Monthly car payment(s)

$ Minimum monthly payment on installment loan(s)

$ Minimum monthly payment of all credit cards

Debt Load

% Enter the percentage of your monthly gross income you are willing to spend to pay off debts from all sources, including educational indebtedness. You may enter a value other than 37 percent if you wish.