This level payment calculator is an integrated saving and borrowing calculator that focuses on what really matters to most people: how much they'll pay per month. Think of it as a layaway plan for college that starts several years before matriculation and continues for several years after graduation. In other words, the same monthly payment is used to build savings before college and to repay the debt after college. It yields a complete financial plan for college.

The calculator computes a single flat percentage of income as the monthly payment for both saving and borrowing based on the anticipated college costs, the number of years of savings before matriculation, the number of years in repayment on the loans, the interest rate on savings, the interest rate on debt, current adjusted gross income (AGI) and annual salary growth rate.

See also the following related calculators:

• Level Payment Calculator (Amount)
• Inverted Level Payment Calculator (Amount)
• Inverted Level Payment Calculator (Percent of Income)

College Costs:
Loan Interest Rate:
Loan Fees:
Years of Repayment (Loan Term):
Savings Interest Rate:
Years to Enrollment (Years of Savings):
Contribution Frequency:	Weekly Monthly Quarterly Semi-Annually Annually
Adjusted Gross Income (AGI):
Income Growth Rate: