Welcome to the Loan Eligibilty wizard. The Wizard is an interactive calculator which helps students and parents determine:
How much can be borrowed based on future expected earnings.
If you enter the salary you anticipate earning upon graduation, the calculator will calculate the maximum amount of student loan debt you should borrow.
Note: This calculation is based on the financial aid industry recommendation that student loan debt not exceed 8 percent of your gross earnings. The calculations do not take into consideration a high amount of credit card or other debt.