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As a
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, you can view a report on your Student Loan data file by uploading it each time you want to see the report.
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8/30/2023
Student Loan Repayment Simulator
URL:
/doc/?id=7578014&pid=14352
e0e5d06d-614f-4b6a-b9d9-fdc70b27c961.1730912667
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Borrower Information
When and how much you borrow is a primary factor for evaluating your income-driven repayment options.
Education Information
Graduation Year
Graduation Month
Preset Scenarios
Loan Information
For the most accurate simulation, bring your actual loan information over from the VIN Foundation
My Student Loans
tool.
Amount you expect to borrow
Repayment Plan
In-School Deferment/Grace Period/Forbearance
Other Deferment/Consolidation
Standard 10
Extended/Graduated
IBR (2009)
PAYE
IBR (2014)
SAVE (updated from REPAYE)
In-School+Grace Period Interest
Average Interest Rate
Years in Repayment
Planning to work toward
Public Service Loan Forgiveness (PSLF)
:
No
Yes
Years of Public Service:
0
As part of the
COVID-19 interest and payment suspension
, federally held interest rates are set to 0% and payments are suspended automatically. The benefits began March 13, 2020 and will end either 60 days after a decision on the special one-time cancellation benefits is made or no later than 60 days after June 30, 2023 if no decision is made before then. The simulator is currently set to end the benefits on
August 30, 2023
. Use the dropdown list below to project the number of months this interest and payment suspension might be extended beyond that date.
0
1
2
3
4
5
6
7
8
9
10
11
12
Not sure?
Visit the
Cost of Education Map
Visit the
Student Loan FAQs
Visit the
Federal Student Aid Website
Read the
VIN Foundation Blog
Income Information
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.
Advanced Education Plans
Internship Year(s)
None
1 Year
2 Years
Internship Salary
Residency Year(s)
None
1 Year
2 Years
3 Years
4 Years
5 Years
Residency Salary
Your Planned Annual Taxable Income
Annual Income Growth Rate (%)
Did you know?
Your income-driven payments can be based on your
taxable income
, specifically your Adjusted Gross Income (AGI) from a recently filed tax return. Enter your most recent AGI as Your Annual Income when available.
Students/New Grads
If you file a tax return before you graduate, your income-driven repayment plan payment can be $0/month for the first 12 months of repayment and very low in the second 12 months of repayment. Most new graduates will have little to no income during their final year and only half a year’s income in their graduation year. Click the button below to automatically adjust your first two income year inputs.
Review the new graduate student loan playbook
for more information.
Reset
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Updating data...
Family Information
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.
Are you
Married
?
No
Yes
Not Yet
When will you get married?
How will you be filing your taxes?
Married Jointly
Married Separately
Do you live in a
Community Property State?
No
Yes
Spouse's Annual Income
Spouse's Income Growth Rate (%)
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Updating data...
Does Your Spouse Have Federal Student Loans?
No
Yes
Spouse Federal Loan Information
Spouse's Unpaid Principal
Spouse's Current/Anticipated Repayment Plan
Standard 10
Extended/Graduated
IBR (2009)
PAYE
IBR (2014)
SAVE (updated from REPAYE)
Spouse's Unpaid Interest
Spouse's Average Interest Rate
Years in Repayment
Planning to work toward
Public Service Loan Forgiveness (PSLF)
:
No
Yes
Years of Public Service:
0
Dependent Information
How Many Dependents Do You Currently Have?
How Many Children Do You Plan to Have in the Future?
Child 1 Birth Year
Child 2 Birth Year
Child 3 Birth Year
Child 4 Birth Year
Child 5 Birth Year
Child 6 Birth Year
Advanced Simulator Settings
Tax Rate
on Forgiveness (%)
Forgiveness Savings
Growth Rate (%)
Current Forgiveness Savings
Poverty Growth Rate
(%)
Additional Monthly Student Loan Contributions
RESET
We rely entirely on donations. Would you consider "paying it forward" with a one-time $50 donation to help? If you have already donated, Thank you!
We rely entirely on donations. Would you consider "paying it forward" with a one-time $50 donation to help? If you have already donated, Thank you!
Monthly Report
Select your repayment plan to view details for each plan.
Borrower's Repayment Plan:
Spouse's Repayment Plan:
Tax Filing:
Currently Viewing Report:
Borrower
"
STARTING PRINCIPAL
" refers to your
spouse's
loan.
"
SPOUSE DEBT
" is your student loan principal.
YOUR REPORT
SPOUSE REPORT
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(Mac). Once copied, paste into your desired location using
CTRL-V/Command-V
.
You may also choose to bookmark these results using
CTRL-D/Command-D.
To Save/Share these results, please click the
Copy to Clipboard
button below. Alternatively, you can highlight the URL in the box below and press
CTRL-C
(Windows) or
Command-C
(Mac). Once copied, paste into your desired location using
CTRL-V/Command-V
.
You may also choose to bookmark these results using
CTRL-D/Command-D.
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e0e5d06d-614f-4b6a-b9d9-fdc70b27c961.1730912667
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