The Debt/Salary Wizard is an interactive calculator that helps students and parents determine:
How much salary is needed to make the payments on current and future student loan debt.
If you enter the current amount borrowed in student loans and the amount you anticipate borrowing throughout your college career, the calculator will return the salary required to make payments on this debt.
Note: These calculations are based on the financial aid industry recommendation that student loan debt not exceed eight percent of your gross earnings. The calculations do not take into consideration a high amount of credit card or other debt.