COVID-19 IMPACTS TO STUDENT LOANS

Student Loan Repayment Simulator
URL: /doc/?id=7578014&pid=14352


Borrower Information
When and how much you borrow is a primary factor for evaluating your income-driven repayment options.
Graduation Year
Graduation Month
Preset Scenarios
Amount you expect to borrow
Repayment Plan
In-School+Grace Period Interest
Average Interest Rate
Your interest rate input is affected by the CARES Act suspension. Please enter your best guess of the average interest rate for your loans prior to the CARES Act adjustment.
Years in Repayment
Planning to work toward Public Service Loan Forgiveness (PSLF):
Years of Public Service:
As part of the COVID-19 interest and payment suspension, federally held interest rates are set to 0% and payments are suspended automatically, starting March 13, 2020 through September 30, 2021. This may be extended. Use the dropdown list below to project the number of months this interest and payment suspension might be extended beyond September 30, 2021.
 
Not sure?
As the name implies, income-driven repayment plans are highly dependent on changes to your income.
Enter your income information as best as you can or let us project it for you.
Your Planned Annual Income
Since federal income-driven repayment plans are tied to your yearly income and family size,
the simulation will be highly dependent on your specific family situation.
Dependent Information
Tax Rate on Forgiveness (%)
Forgiveness Savings Interest Rate (%)
Current Forgiveness Savings
Poverty Growth Rate (%)
Additional Monthly Student Loan Contributions
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URL: /doc/?id=7578014&pid=14352

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