Graduation Planning Calculator

The following calculator can help you manage your time to achieve graduation in a specified amount of time. It can also assist you with creating a spending plan for your expenses so you can meet your financial obligations after you graduate.

Managing Your Time 4 - year plan Plan B
Ultimately, how long you take to graduate depends on how many credit hours you take per semester. Credit hours are based on the number of hours you spend in class per week. It is important that you learn to plan your time wisely so you can balance school with extracurricular activities.

You have 168 hours to spend in a week. Though you will use your time differently from week to week, the following weekly planner will give you an idea of how important it is to manage your time to meet your graduation goal.
Number of Class Hours
Homework (2 hours per credit hour is recommended)
Hours worked per week
Sleep (7 nights x 8 hours = 56)
Eating a 1 hour meal 3 x 7 days a week = 21
Hours under or over 168
Years to graduate based on hours entered and two terms attended per year
Income Plan 4 - year plan Plan B
It is important that you have an idea of how much money you will be making after graduation and make a plan to cover your living and educational costs. Be aware that how you spend your time will affect your income. The more hours you devote to school, the fewer you can devote to work and vice versa. Likewise, the amount of money you earn can affect other decisions you have to make.
Hourly Wage $ $
Hours worked per week
Minus Taxes (approx 24%) $ $
Net Income $ $
Other Income $ $
Monthly Income $ $
Spending Plan 4 - year plan Plan B
This is one of the areas where you have a chance to significantly affect your outcome with a few decisions. Living frugally while in college can help you reap large rewards after college. If you live like a professional in college, you may have to live like a college student after college — especially if you borrow money to finance an extravagant lifestyle. Some tips that can help you save money include having a roommate or roommates, using public transportation, and avoiding eating out.
Rent $ $
All utilities $ $
Groceries $ $
Auto expenses $ $
Credit Cards $ $
Insurance $ $
Health Care Expenses $ $
Entertainment $ $
Miscellaneous $ $
Monthly Expenses $ $
Managing Your Semester Costs 4 - year plan Plan B
Your semester costs are more difficult to control than your monthly costs because most are determined by your college or university. However, there are a few things you can consider. Plan ahead to buy your books - used textbooks are often cheaper and usually in good condition. You can also shop around on the Internet for good deals. Finally, some textbooks publishers offer alternative editions, like e-books, for a large markdown as well.

Another strategy is to be sure you are receiving the most financial aid possible. To do that, be sure to get your financial aid application completed as soon as possible each year and search for scholarships at your college, in your community, and on the Internet.
Tuition and Fees $ $
Books $ $
Grants, Scholarships, Payments on your behalf $ $
Income Per Month $ $
Expenses Per Month $ $
Net Per Month $ $
Net Per Semester $ $
Semester Expenses, Grants, and Scholarships $ $
Projected Starting Salary 4 - year plan Plan B
Post-Grad Starting Salary $ $
Annual Totals 4 - year plan Plan B
The annual totals show approximately what your costs and income per year of college will be given the two scenarios you enter above. The annual borrowing figure results from the difference between your actual resources and your actual costs. If you would like to borrow less, go back and look at your costs and see if you can economize.
Average Annual Loan Amount $ $
Hourly Wage $ $
Hours worked per week
Annual Earnings $ $
Loan Cost* $ $
Books $ $
Tuition and Fees $ $
Totals 4 - year plan Plan B
Tuition $ $
Books $ $
Total Borrowed $ $
Raw Loan Cost $ $
Inflation Adjusted Cost $ $
Net Earnings $ $
Monthly Repayment $ $
Repayment % of Salary % %

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