Written by Carrie Johnson (former SDSU Extension Family Resource Management Specialist).
Education and careers go hand-in-hand. Some jobs require more education than others. Using education calculators can help you determine if you should attend a post-secondary institution and what type you should attend for your specific career choice.
Calculators can also be very useful to help if you are already employed. There are calculators that will assist you with calculating take-home pay, determining how many deductions to claim on your W-4, estimating tax refunds etc.
This page offers a variety of calculators and tools for education and career.
Education Calculators & Tools
- Award Letter Comparison Tool (FinAid): Helps you compare and contrast the financial aid packages from the colleges that have admitted you.
- Student Budget Calculator (Bankrate): Analyze a budget as a full-time student. It is designed to help students understand their expenses and income while attending school. It allows for input of expenses and income for an eight-month school year running from September through April.
- Student Loan Calculator (FinAid): Computes an estimate of the six of your monthly loan payments and the annual salary required to manage them without too much financially difficulty.
- Student Loan Advisor (FinAid):Provides you with an estimate of the amount of educational debt you can reasonably afford, given the expected starting salary for your major.
- How Much Will Your Loan Really Cost (VISA): This calculator will help you compare loans.
- Repayment Estimator (FSA): Use this tool when you’re beginning repayment of your federal student loans for the first time; or exploring repayment options based on your income.
- Know Before You Owe: Student Loans Project (CFPB): These tools are aimed to help students better understand the type and amount of grants and loans they qualify for. It can also be used to help students easily compare aid packages offered by different institutions.
Career Calculators & Tools
- Salary by Career (PayScale): Do career research and find in-depth salary data for specific jobs, employers, schools, and more.
- Salary Paycheck Calculator (Paycheck City): Calculates your net pay or “take home pay” by entering your per-period or annual salary alone with the pertinent Federal, State and local W-4 information.
- Hourly Paycheck Calculator (Paycheck City): Take home pay is calculated based on different pay rates that you enter along with the pertinent Federal, State and local W-4 Information. This hourly paycheck calculator is perfect for those who are paid on an hourly basis.
- Salary Conversion (VISA): If you wondered how much your annual salary converts to as an hourly wage, there are several hidden costs to consider.
- IRS Withholding Calculator (IRS): Helps employees determine how much Federal income tax should be withheld from your pay.
- Tax Return Estimator (1040.com): Assists you in determining how much your tax refund will be.
- How Much Will My Bonus Net After Taxes? (VISA): A nice fat bonus check from your employer sounds great, but you may want to estimate what you will actually take home after federal withholding and social security taxes are taken out.
- Payroll Deduction Calculator (Bankrate): Determines the impact of changing your payroll deductions. Enter your current payroll information and deductions, then compare them to your proposed deductions and see the impact on your take home pay.