federal student aid income-based repayment plan for the ... · loans under ibr (unless you choose...

PAY AS YOU EARN Under IBR your monthly payment amount will be less than the amount you would be required to pay under a 10-year standard repayment plan and may be less than under other repayment plans Although lower monthly payments may be of great bene t to a borrower these lower payments may result in a longer repayment period and additional accrued interest

INTEREST PAYMENT BENEFIT If your monthly IBR payment amount does not cover the interest that accrues on your loans each month the government will pay your unpaid accrued interest on your Subsidized Stafford Loans (either Direct Loan or FFEL) for up to three consecutive years from the date you began repaying your loans under IBR

25-YEAR CANCELLATION If you repay under the IBR plan for 25 years and meet certain other requirements any remaining balance will be canceled

10-YEAR PUBLIC SERVICE LOAN FORGIVENESS If you work in public service on-time full monthly payments you make under IBR (or certain other repayment plans) while employed full-time in a public service job will count toward the 120 monthly payments that are required to receive loan forgiveness through the Public Service Loan Forgiveness Program Through this program you may be eligible to have the remaining balance of your Direct Loans forgiven after you have made the 120 qualifying payments as described above The Public Service Loan Forgiveness Program is available only for Direct Loans If you have FFEL loans you may be eligible to consolidate them into the Direct Loan Program to take advantage of the Public Service Loan Forgiveness Program However only the on-time full monthly payments made under IBR or cer-tain other repayment plans while you are a Direct Loan borrower will count toward the required 120 monthly payments For more information about this program review the Departmentrsquos Public Service Loan Forgiveness Program fact sheet at wwwstudentaidedgovpubs

YOU MAY PAY MORE INTEREST The faster you repay your loans the less interest you pay Because a reduced monthly payment in IBR generally extends your repayment period you may pay more total interest over the life of the loan than you would under other repayment plans YOU MUST SUBMIT ANNUAL DOCUMENTATION To set your payment amount each year your loan servicer needs updated information about your income and family size If you do not provide the documentation your monthly payment amount will be the amount you would be required to pay under a 10-year standard repayment plan based on the amount you owed when you began repaying under IBR

wwwstudentaidedgov

Federal Student Aid Income-Based Repayment Plan for the Direct Loan and FFEL Programs

What is Income-Based Repayment Income-Based Repayment (IBR) is a repayment plan for the major types of federal student loans that caps your required monthly payment at an amount intended to be affordable based on your income and family size

What federal student loans are eligible to be repaid under an IBR plan All Stafford PLUS and Consolidation Loans made under either the Direct Loan or FFEL Program are eligible for repayment under IBR EXCEPT loans that are currently in default parent PLUS Loans (PLUS Loans that were made to parent borrowers) or Consolidation Loans that repaid parent PLUS Loans The loans can be new or old and for any type of education (under-graduate graduate professional job training)

Who is eligible for IBR You may enter IBR if your federal student loan debt is high relative to your income and family size While your loan ser-vicer will perform the calculation to determine your eligibility you can use the US Department of Educationrsquos IBR calcula-tor at wwwstudentaidedgovibr to estimate whether you would likely qualify for the IBR plan The calculator looks at your income family size and state of residence to calculate your IBR monthly payment amount If that amount is lower than the monthly payment you would be required to pay on your eligible loans under a 10-year standard repayment plan based on the greater of the amount you owed on your loans when they initially entered repayment or the amount you owe at the time you request IBR then you are eligible to repay your loans under IBR

If you are married and you and your spouse le a joint federal tax return and if your spouse also has IBR-eligible loans your spousersquos eligible loan debt is taken into account when determining whether you are eligible for IBR In this case the required monthly payment amount under a 10-year standard repayment plan is determined based on the combined amount of your IBR-eligible loans and your spousersquos IBR-eligible loans using the greater of the amount owed when the loans initially entered repayment or the amount owed at the time you or your spouse request IBR If the combined monthly amount you and your spouse would be required to pay under IBR is lower than the combined monthly amount you and your spouse would pay under a 10-year standard repayment plan you and your spouse are eligible for IBR

What are the bene ts of IBR

Are there any disadvantages to repaying under IBR

Federal Student Aid an office of the US Department of Education ensures that all eligible individuals can

benefi t from federally funded fi nancial assistance for education beyond high school We consistently champion

the promise of postsecondary educationmdashand its value to our society

wwwstudentaidedgov

How is the IBR amount determined Under IBR the amount you are required to repay each month is based on your Adjusted Gross Income (AGI) and family size If you are married and le a joint federal tax return with your spouse your AGI includes both your income and your spousersquos income The annual IBR repayment amount is 15 percent of the difference between your AGI and 150 percent of the Depart-ment of Health and Human Services Poverty Guideline for your family size and state This amount is then divided by 12 to get the monthly IBR repayment amount

The following chart shows the maximum IBR monthly payment amounts for a sample range of incomes and family sizes using the Poverty Guidelines that were in effect as of January 26 2012 for the 48 contiguous states and the District of Columbia

IBR Monthly Payment Amounts

After the initial determination of your eligibility for IBR your payment may be adjusted each year based on changes in your income and family size but your required monthly payment amount will never be more than what you would be required to pay under a 10-year standard repayment plan based on your outstanding loan balance on the date you began repaying the loans under IBR (unless you choose to exit the IBR program)

Are there examples of borrowers who are eligible for IBR and borrowers who are not Example 1 Based upon the IBR repayment formula a borrower with a family size of one and an AGI of $30000 would have an IBR calculated payment amount of $166 per month If this borrower had total eligible student loan debt of $25000 when the loans initially entered repayment and the loan balance had increased to $30000 when the borrower requested IBR the calculated monthly repayment amount under a 10-year standard plan would be based on the higher of the two amounts Us-ing an interest rate of 68 the 10-year standard payment amount for $30000 would be $345 Since the $166 IBR calcu-lated amount is less than the 10-year plan amount of $345 the borrower would be eligible to repay under IBR at a monthly amount of $166 However if this borrowerrsquos total eligible loan debt used to calculate the 10-year standard amount was only $10000 the 10-year standard payment would be $115 per month which is less than the IBR amount of $166 Therefore the borrower would not be eligible for IBR

Example 2 A borrower with a family size of four and income of $50000 would have an IBR calculated monthly payment amount of $193 If this borrower had total eligible student loan debt of $20000 when the loans initially entered repayment and this amount had not changed when the borrower requested IBR the calculated monthly repayment amount under a 10-year standard plan would be based on $20000 Using an interest rate of 68 the 10-year standard payment amount for $20000 would be $230 Since the $193 IBR calculated amount is less than the 10-year plan amount of $230 the borrower would be eligible to repay under IBR at a monthly amount of $193 However if the borrowerrsquos total eligible loan debt used to calculate the 10-year standard amount was only $15000 the 10-year calculated amount would be $173 per month which is less than the IBR amount of $193 This borrower would not be eligible for IBR

For more information on other repayment plans and calculators go to the Repayment Plans and Calculators page on the Fed-eral Student Aid website at wwwstudentaidedgov

How do borrowers apply for IBR For more information and to apply for IBR contact the servicer(s) of your student loan(s)

This fact sheet provides only a summary of the basic requirements of the Income-Based Repayment Plan For more detailed information review the Departmentrsquos IBR Questions and Answers document at wwwstudentaidedgovibr

Updated March 2012

Federal Student Aid an offi ce of the US Department of Education ensures that all eligible individuals can



of 2

Federal Student Aid Pay As You Earn Repayment Plan for the Direct Loan Program

StudentAidgov

What is Pay As You Earn Pay As You Earn is a repayment plan for eligible Direct Loans that is designed to limit your required monthly payment to an amount that is affordable based on your income and family size

What federal student loans are eligible to be repaid under the Pay As You Earn plan Only loans made under the Direct Loan Program are eligible for repayment under Pay As You Earn Eligible loans are Direct Subsidized Loans Direct Unsubsidized Loans Direct PLUS Loans made to graduate or professional students and Direct Consolidation Loans that did not repay any PLUS loans that were made to parent borrowers Loans that are currently in default Direct PLUS Loans made to parents Direct Consolidation Loans that repaid PLUS loans made to parents and Federal Family Education Loan (FFEL) Program loans are NOT eligible for repayment under Pay As You Earn

Who is eligible for Pay As You Earn You must be a new borrower You are a new borrower if you had no outstanding balance on a Direct Loan or FFEL Program loan as of Oct 1 2007 or if you had no outstanding balance on a Direct Loan or FFEL Program loan when you received a new Direct Loan or FFEL Program loan on or after Oct 1 2007 In addition you must have received a disbursement of a Direct Subsidized Loan Direct Unsubsidized Loan or Direct PLUS Loan for graduate or professional students on or after Oct 1 2011 or you must have received a Direct Consolidation Loan based on an application that was received on or after Oct 1 2011 In addition to your being a new borrower your federal student loan debt must be high relative to your income While your loan servicer will perform the calculation to determine your eligibility for Pay As You Earn you can use the US Department of Education s Pay As You Earn calculator at httpstudentaidedgovPayAsYouEarn to estimate whether you would likely qualify for the Pay As You Earn plan The calculator looks at your income family size and state of residence to calculate your Pay As You Earn monthly payment amount If that amount is lower than the monthly payment you would be required to pay on your eligible loans under a 10-shyyear Standard Repayment Plan then you are eligible to repay your loans under the Pay As You Earn plan

If you are married and you and your spouse le a joint federal tax return and if your spouse also has eligible federal student loans your spouse s eligible loan debt is taken into account when determining whether you are eligible for Pay As You Earn In this case the required monthly payment amount under a 10-shyyear Standard Repayment Plan is determined based on the combined amount of your eligible loans If the combined monthly amount you and your spouse would be required to pay under Pay As You Earn is lower than the combined monthly amount you and your spouse would pay under a 10-shyyear Standard Repayment Plan you and your spouse are eligible for Pay As You Earn Although only Direct Loans may be repaid under Pay As You Earn your (and if you are married and file a joint federal tax returnPay As You Earn based on the amount of your federal student loan debt relative to your income For this purpose eligible FFEL Program loans are Subsidized and Unsubsidized Federal Stafford Loans FFEL PLUS Loans for graduate or professional students and FFEL Consolidation Loans that did not repay any PLUS loans for parents FFEL Program loans that are currently in default FFEL PLUS Loans for parents and FFEL Consolidation Loans that repaid PLUS loans for parents are not counted as eligible loan debt

Pay As You Earn

LOWER SCHEDULED MONTHLY PAYMENT Under Pay As You Earn your monthly payment amount will be less than the amount you would be required to pay under a 10-shyyear Standard Repayment Plan and may be less than under other repayment plans

INTEREST PAYMENT BENEFIT If your monthly Pay As You Earn payment amount does not cover the full amount

of interest that accrues on your loans each month the government will pay your unpaid accrued interest on your Direct Subsidized Loans (and on the subsidized portion of your Direct Consolidation Loans) for up to three consecutive years from the date you begin repaying your loans under Pay As You Earn

20-shyYEAR CANCELLATION If you repay under the Pay As You Earn plan any remaining balance will be forgiven

after 20 years of qualifying repayment

10-shyYEAR PUBLIC SERVICE LOAN FORGIVENESS On-shytime full monthly payments you make under Pay As You Earn (or certain other repayment plans) while employed full-shytime in a public service job will count toward the 120 monthly payments that are required to receive loan forgiveness through the Public Service Loan Forgiveness (PSLF) Program Through this program you may be eligible to have the remaining balance of your Direct Loans forgiven after you have made the 120 qualifying payments as described above PSLF is available only for Direct Loans but you may be eligible to consolidate FFEL Program loans into the Direct Loan Program to take advantage of PSLF For more information visit StudentAidgovpublicservice

Federal Student Aid an of ce of the US Department of Education ensures that all eligible individuals

can bene t from federally funded nancial assistance for education beyond high school We consistently

champion the promise of postsecondary education and its value to our society

Page 2 of 2

StudentAidgov

Are there any disadvantages to repaying under Pay As You Earn

YOU MAY PAY MORE INTEREST The faster you repay your loans the less interest you pay Because a reduced monthly payment under the Pay As You Earn plan generally extends your repayment period you may pay more total interest over the life of the loan than you would under other repayment plans

YOU MUST SUBMIT ANNUAL DOCUMENTATION To set your payment amount each year your loan servicer

needs updated information about your income and family size If you do not provide the documentation your monthly payment amount will be the amount you would be required to pay under a 10-shyyear Standard Repayment Plan based on the amount you owed when you began repaying under Pay As You Earn

How is the Pay As You Earn amount determined Under Pay As You Earn the amount you are required to repay each month is based on your adjusted gross income (AGI) and family size If you are married and le a joint federal tax return with your spouse your AGI includes both your income and your spouse s income The annual Pay As You Earn repayment amount is 10 percent of the difference between your AGI and 150 percent of the Department of Health and Human Services Poverty Guideline for your family size and state This amount is then divided by 12 to get the monthly Pay As You Earn repayment amount

The following chart shows the maximum Pay As You Earn monthly payment amounts for a sample range of incomes and family sizes using the Poverty Guidelines that were in effect as of Jan 26 2012 for the 48 contiguous states and the District of Columbia

Pay As You Earn Monthly Payment Amounts

Annual Income Family Size

1 Family Size

2 Family Size

3 Family Size

4 Family Size

5 Family Size

6 Family Size

7 $10000 $0 $0 $0 $0 $0 $0 $0 $15000 $0 $0 $0 $0 $0 $0 $0 $20000 $27 $0 $0 $0 $0 $0 $0 $25000 $69 $19 $0 $0 $0 $0 $0 $30000 $110 $61 $11 $0 $0 $0 $0 $35000 $152 $103 $53 $0 $0 $0 $0 $40000 $194 $144 $95 $45 $0 $0 $0 $45000 $235 $186 $136 $87 $37 $0 $0 $50000 $277 $228 $178 $129 $79 $30 $0 $55000 $319 $269 $220 $170 $121 $71 $33 $60000 $360 $311 $261 $212 $162 $113 $95 $65000 $402 $353 $303 $254 $204 $155 $105

After the determination of your eligibility for Pay As You Earn your payment may be adjusted each year based on changes in your income and family size However as long as you remain on the Pay As You Earn repayment plan your required monthly payment amount will never be more than what you would be required to pay under a 10-shyyear Standard Repayment Plan

Are there examples of borrowers who are eligible for Pay As You Earn and borrowers who are not Example 1 Based upon the Pay As You Earn repayment formula a borrower with a family size of one and an AGI of $30000 would have a Pay As You Earn calculated payment amount of $110 per month If this borrower had total eligible student loan debt of $25000 when the loans initially entered repayment and the loan balance had increased to $30000 when the borrower requested Pay As You Earn the calculated monthly repayment amount under a 10-shyyear standard plan would be based on the higher of the two amounts Using an interest rate of 68 the 10-shyyear standard payment amount for $30000 would be $345 Since the $110 Pay As You Earn calculated amount is less than the 10-shyyear plan amount of $345 the borrower would be eligible to repay under Pay As You Earn at a monthly amount of $110 However if this borrower s total eligible loan debt used to calculate the 10-shyyear standard amount was only $5000 the 10-shyyear standard payment would be $58 per month which is less than the Pay As You Earn amount of $110 Therefore the borrower would not be eligible

Example 2 A borrower with a family size of four and income of $50000 would have a Pay As You Earn calculated monthly payment amount of $129 If this borrower had total eligible student loan debt of $20000 when the loans initially entered repayment and this amount had not changed when the borrower requested Pay As You Earn the calculated monthly repayment amount under a 10-shyyear standard plan would be based on $20000 Using an interest rate of 68 the 10-shyyear standard repayment amount for $20000 would be $230 Since the $129 Pay As You Earn calculated amount is less than the 10-shyyear plan amount of $230 the borrower would be eligible to repay under Pay As You Earn at a monthly amount of $129 However if the borrower s total eligible loan debt used to calculate the 10-shyyear standard amount was only $10000 the 10-shyyear calculated amount would be $115 per month which is less than the Pay As You Earn amount of $129 Therefore the borrower would not be eligible

For more information on other repayment plans and links to calculators visit StudentAidgovrepay-shyloansunderstandplans

How do borrowers apply for Pay As You Earn This fact sheet provides only a summary of the basic requirements of the Pay As You Earn Repayment Plan For more information and to apply for Pay As You Earn contact the servicer(s) of your student loan(s) Not sure who services your loan Check wwwnsldsedgov

Updated November 2012

wwwstudentaidedgovpublicservice

Federal Student Aid Loan Forgiveness for Public Service Employees

March 2012

What is the Public Service Loan Forgiveness (PSLF) Program In 2007 Congress created the Public Service Loan Forgiveness Program to encourage individuals to enter and continue to work full time in public service jobs Under this program you may qualify for forgiveness of the remaining balance due on your eligible federal student loans a er you have made 120 payments on those loans under certain repayment plans while employed full time by certain public service employers Since you must make 120 monthly payments on your eligible federal student loans a er October 1 2007 before you qualify for the loan forgiveness the rst cancellations of loan balances will not be granted until October 2017

What federal student loans are eligible for forgiveness under the PSLF Program Any non-defaulted loan made under the William D Ford Federal Direct Loan Program (Direct Loan Program) is eligible for loan forgiveness (See below for information on how non-Direct Loans may be eligible) e Direct Loan Program includes the following loans

Federal Direct Sta$ ordFord Loans (Direct Subsidized Loans) Federal Direct Unsubsidized Sta$ ordFord Loans (Direct Unsubsidized Loans) Federal Direct PLUS Loans (Direct PLUS Loans)mdashfor parents and graduate or professional students Federal Direct Consolidation Loans (Direct Consolidation Loans)

NOTE To qualify for forgiveness of a parent PLUS Loan you the parent borrower not the student on whose behalf you obtained the loan must be employed by a public service organization

How can other federal student loans become eligible for loan forgiveness under the PSLF Program Although loan forgiveness under this program is available only for loans made and repaid under the Direct Loan Program loans made under other federal student loan programs may become eligible for forgiveness if they are consolidated into a Direct Consolida-tion Loan However only payments made on the Direct Consolidation Loan will count toward the required 120 monthly payments

e following loans may be consolidated into the Direct Loan Program Federal Family Education Loan (FFEL) Program loans which include

Subsidized Sta$ ord Loans Unsubsidized Sta$ ord Loans

Federal PLUS Loansmdashfor parents and graduate or professional students Federal Consolidation Loans (excluding joint spousal consolidation loans)

Federal Perkins Loans Certain Health Professions and Nursing Loans

NOTE To consolidate a Federal Perkins Loan or Health Professions or Nursing Loan into the Direct Loan Program you must also con-solidate at least one FFEL Program loan or Direct Loan If you are unsure about what kind of loans you have you can nd information about your federal student loans in the US Department of Educationrsquos National Student Loan Data System at wwwnsldsedgov

What are the borrower eligibility requirements for loan forgiveness under the PSLF Program You must not be in default on the loans for which forgiveness is requested You must be employed full time by a public service organization

when making each of the required 120 monthly loan payments (certain repayment conditions applymdashsee below) at the time you apply for loan forgiveness and at the time the remaining balance on your eligible loans is forgiven

What are the speci c loan repayment requirements for loan forgiveness under the PSLF Program You must have made 120 separate monthly payments a er October 1 2007 on the Direct Loan Program loans for which forgiveness is requested Earlier payments do not count toward meeting this requirement Each of the 120 monthly payments must be made for the full scheduled installment amount within 15 days of the due date





What are the speci c loan repayment requirements for loan forgiveness under the PSLF Program (Continued from previous page) e 120 required payments must be made under one or more of the following Direct Loan Program repayment plans

Income Based Repayment (IBR) Plan (not available to parent Direct PLUS Loan borrowers) Income Contingent Repayment Plan (not available to parent Direct PLUS Loan borrowers) Standard Repayment Plan with a 10-year repayment period Any other Direct Loan Program repayment plan but only payments that are at least equal to the monthly payment amount that would have been required under the Standard Repayment Plan with a 10-year repayment period may be counted toward the required 120 payments

For more information about the repayment plans available in the Direct Loan program please visit wwwstudentaidedgovrepaying

IMPORTANT NOTE e PSLF Program provides for forgiveness of the remaining balance of a borrowerrsquos eligible loans a er the borrower has made 120 qualifying payments on those loans In general only borrowers who are making reduced monthly payments through the Direct Loan Income Contingent or Income Based repayment plans will have a remaining balance a er making 120 payments on a loan

What types of public service jobs will qualify a borrower for loan forgiveness under the PSLF Program You must be employed full time (in any position) by a public service organization or must be serving in a full-time AmeriCorps or Peace Corps position Organizations that meet the de nition of ldquopublic service organizationrdquo for purposes of the PSLF Program are listed below

A government organization (including a federal state local or tribal organization agency or entity a public child or family service agency or a tribal college or university)

A non-pro t tax-exempt organization under section 501(c)(3) of the Internal Revenue Code (includes most not-for-pro t private schools colleges and universities) A private non-pro t organization (that is not a labor union or a partisan political organization) that provides one or more of the following public services

Emergency management Military service Public safety Law enforcement

Public interest law services Early childhood education (including licensed or regulated health care Head Start and state-funded pre- kindergarten) Public service for individuals with disabilities and the elderly Public health (including nurses nurse practitioners nurses in a clinical setting and full-time professionals engaged in health care practitioner occupations and health care support occupations)

Public education Public library services

School library or other school-based services

NOTE When determining full-time public service employment at a not-for-pro t organization you may not include time spent participating in religious instruction worship services or any form of proselytizing

How can I keep track of my eligibility e US Department of Education has created the Employment Certi cation for Public Service Loan Forgiveness form and a process to help you monitor your progress toward making the 120 qualifying payments necessary to apply for PSLF You should complete the form including your employerrsquos certi cation of employment and submit it to FedLoan Servicing the PSLF servicer at the address listed in Sec-tion 6 of the Employment Certi cation form

e form allows you to get your employerrsquos certi cation of employment while you are still employed at that organization or shortly a er leaving e process allows you to receive con rmation of qualifying employment and Direct Loan payment eligibility You may also submit the form less frequently than annually to cover more than one yearrsquos employment or for more than one employer

While use of the form and process is not required it will help you keep track of your progress toward meeting the PSLF eligibility require-ments If you do not periodically submit the form you will still be required to submit a form for each qualifying employer at the time you apply for forgiveness and when forgiveness is granted

Where can I nd additional information is fact sheet provides only a summary of the basic requirements of the PSLF Program For more detailed information including how to monitor your progress toward qualifying for PSLF review the PSLF Questions and Answers document at wwwstudentaidedgovpub-licservice or contact your Direct Loan servicer




Income-Based Repayment Calculator Results (15 version)

Total Graduating Debt$14550000 Initial AGI $3500000 Income Growth Rate 300 Interest Rate 739 Discount Rate 300 Family Size 1 Poverty Line $1117000 Tax Filing Status Single

Loan Forgiveness Forgiveness Year 10 years

Income-Based Repayment Fixed Monthly RepaymentYears in Repayment 10 years 10 yearsMinimum Payment $1000 $5000

Monthly Payments First Payment $22806 $171877Max Monthly Payment $29757 $171877

Total Amount Paid $3137377 $20625220NPV of Total Paid $2693378 $17834042

Total Accrued Interest $10752450 $6075220Capitalized Interest $000 $000Total Interest Paid -$3137377 -$6075220Total Unpaid Interest $7615073 $000

Total Amount Paid $3137377 $20625220Total Interest Paid -$3137377 -$6075220Payments to Principal $000 $14550000

Total Debt $14550000 $14550000Capitalized Interest $000 $000Payments to Principal -$000 -$14550000Remaining Balance $14550000 $000

Government Payments Loan Forgiveness 10 years

10000

Total Unpaid Interest $7615073 $000

FinAid | Calculators | Income-Based Repayment Calculator Resu httpwwwfinaidorgcalculatorsscriptsibrcgi

1 of 5 3813 837 AM

Balance Write-off $14550000 $000Total Forgiveness $22165073 $000

Net Present Value Total Unpaid Interest $5666329 $000Balance Write-off $10826566 $000Total Forgiveness $16492896 $000

These figures are estimates and involve projections of future income inflation and poverty levels As such your actualexperience will likely differ from these values No guarantee is made as to the accuracy of these estimates

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment

Total UnpaidInterest

NewBalance

TotalPaid

1 $3500000 $14550000 $89604 $22806 $66797 $000 $66797 $14550000 $228062 $3500000 $14550000 $89604 $22806 $66797 $000 $133595 $14550000 $456123 $3500000 $14550000 $89604 $22806 $66797 $000 $200392 $14550000 $684194 $3500000 $14550000 $89604 $22806 $66797 $000 $267190 $14550000 $912255 $3500000 $14550000 $89604 $22806 $66797 $000 $333987 $14550000 $1140316 $3500000 $14550000 $89604 $22806 $66797 $000 $400785 $14550000 $1368387 $3500000 $14550000 $89604 $22806 $66797 $000 $467582 $14550000 $1596448 $3500000 $14550000 $89604 $22806 $66797 $000 $534380 $14550000 $1824509 $3500000 $14550000 $89604 $22806 $66797 $000 $601177 $14550000 $205256

10 $3500000 $14550000 $89604 $22806 $66797 $000 $667975 $14550000 $22806211 $3500000 $14550000 $89604 $22806 $66797 $000 $734773 $14550000 $25086912 $3500000 $14550000 $89604 $22806 $66797 $000 $801570 $14550000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $14550000 $89604 $23490 $66113 $000 $867683 $14550000 $29716514 $3605000 $14550000 $89604 $23490 $66113 $000 $933797 $14550000 $32065615 $3605000 $14550000 $89604 $23490 $66113 $000 $999910 $14550000 $34414616 $3605000 $14550000 $89604 $23490 $66113 $000 $1066023 $14550000 $36763717 $3605000 $14550000 $89604 $23490 $66113 $000 $1132137 $14550000 $39112718 $3605000 $14550000 $89604 $23490 $66113 $000 $1198250 $14550000 $41461819 $3605000 $14550000 $89604 $23490 $66113 $000 $1264363 $14550000 $43810820 $3605000 $14550000 $89604 $23490 $66113 $000 $1330477 $14550000 $46159921 $3605000 $14550000 $89604 $23490 $66113 $000 $1396590 $14550000 $48508922 $3605000 $14550000 $89604 $23490 $66113 $000 $1462703 $14550000 $50857923 $3605000 $14550000 $89604 $23490 $66113 $000 $1528816 $14550000 $53207024 $3605000 $14550000 $89604 $23490 $66113 $000 $1594930 $14550000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $14550000 $89604 $24195 $65409 $000 $1660338 $14550000 $57975526 $3713150 $14550000 $89604 $24195 $65409 $000 $1725747 $14550000 $60395127 $3713150 $14550000 $89604 $24195 $65409 $000 $1791156 $14550000 $62814628 $3713150 $14550000 $89604 $24195 $65409 $000 $1856564 $14550000 $65234129 $3713150 $14550000 $89604 $24195 $65409 $000 $1921973 $14550000 $67653630 $3713150 $14550000 $89604 $24195 $65409 $000 $1987381 $14550000 $70073131 $3713150 $14550000 $89604 $24195 $65409 $000 $2052790 $14550000 $72492632 $3713150 $14550000 $89604 $24195 $65409 $000 $2118199 $14550000 $74912133 $3713150 $14550000 $89604 $24195 $65409 $000 $2183607 $14550000 $77331734 $3713150 $14550000 $89604 $24195 $65409 $000 $2249016 $14550000 $79751235 $3713150 $14550000 $89604 $24195 $65409 $000 $2314424 $14550000 $82170736 $3713150 $14550000 $89604 $24195 $65409 $000 $2379833 $14550000 $845902


2 of 5 3813 837 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $14550000 $89604 $24921 $64683 $000 $2444516 $14550000 $87082338 $3824544 $14550000 $89604 $24921 $64683 $000 $2509198 $14550000 $89574439 $3824544 $14550000 $89604 $24921 $64683 $000 $2573881 $14550000 $92066540 $3824544 $14550000 $89604 $24921 $64683 $000 $2638564 $14550000 $94558641 $3824544 $14550000 $89604 $24921 $64683 $000 $2703247 $14550000 $97050742 $3824544 $14550000 $89604 $24921 $64683 $000 $2767929 $14550000 $99542843 $3824544 $14550000 $89604 $24921 $64683 $000 $2832612 $14550000 $102034944 $3824544 $14550000 $89604 $24921 $64683 $000 $2897295 $14550000 $104527045 $3824544 $14550000 $89604 $24921 $64683 $000 $2961978 $14550000 $107019146 $3824544 $14550000 $89604 $24921 $64683 $000 $3026660 $14550000 $109511247 $3824544 $14550000 $89604 $24921 $64683 $000 $3091343 $14550000 $112003348 $3824544 $14550000 $89604 $24921 $64683 $000 $3156026 $14550000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $14550000 $89604 $25669 $63935 $000 $3219961 $14550000 $117062350 $3939281 $14550000 $89604 $25669 $63935 $000 $3283896 $14550000 $119629151 $3939281 $14550000 $89604 $25669 $63935 $000 $3347831 $14550000 $122196052 $3939281 $14550000 $89604 $25669 $63935 $000 $3411766 $14550000 $124762953 $3939281 $14550000 $89604 $25669 $63935 $000 $3475701 $14550000 $127329754 $3939281 $14550000 $89604 $25669 $63935 $000 $3539637 $14550000 $129896655 $3939281 $14550000 $89604 $25669 $63935 $000 $3603572 $14550000 $132463556 $3939281 $14550000 $89604 $25669 $63935 $000 $3667507 $14550000 $135030357 $3939281 $14550000 $89604 $25669 $63935 $000 $3731442 $14550000 $137597258 $3939281 $14550000 $89604 $25669 $63935 $000 $3795377 $14550000 $140164059 $3939281 $14550000 $89604 $25669 $63935 $000 $3859312 $14550000 $142730960 $3939281 $14550000 $89604 $25669 $63935 $000 $3923247 $14550000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $14550000 $89604 $26439 $63165 $000 $3986412 $14550000 $147941662 $4057459 $14550000 $89604 $26439 $63165 $000 $4049577 $14550000 $150585563 $4057459 $14550000 $89604 $26439 $63165 $000 $4112742 $14550000 $153229464 $4057459 $14550000 $89604 $26439 $63165 $000 $4175907 $14550000 $155873365 $4057459 $14550000 $89604 $26439 $63165 $000 $4239073 $14550000 $158517166 $4057459 $14550000 $89604 $26439 $63165 $000 $4302238 $14550000 $161161067 $4057459 $14550000 $89604 $26439 $63165 $000 $4365403 $14550000 $163804968 $4057459 $14550000 $89604 $26439 $63165 $000 $4428568 $14550000 $166448769 $4057459 $14550000 $89604 $26439 $63165 $000 $4491733 $14550000 $169092670 $4057459 $14550000 $89604 $26439 $63165 $000 $4554898 $14550000 $171736571 $4057459 $14550000 $89604 $26439 $63165 $000 $4618063 $14550000 $174380372 $4057459 $14550000 $89604 $26439 $63165 $000 $4681228 $14550000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $14550000 $89604 $27232 $62372 $000 $4743600 $14550000 $179747474 $4179183 $14550000 $89604 $27232 $62372 $000 $4805972 $14550000 $182470675 $4179183 $14550000 $89604 $27232 $62372 $000 $4868344 $14550000 $185193876 $4179183 $14550000 $89604 $27232 $62372 $000 $4930716 $14550000 $187916977 $4179183 $14550000 $89604 $27232 $62372 $000 $4993087 $14550000 $190640178 $4179183 $14550000 $89604 $27232 $62372 $000 $5055459 $14550000 $193363379 $4179183 $14550000 $89604 $27232 $62372 $000 $5117831 $14550000 $196086580 $4179183 $14550000 $89604 $27232 $62372 $000 $5180203 $14550000 $198809781 $4179183 $14550000 $89604 $27232 $62372 $000 $5242575 $14550000 $201532982 $4179183 $14550000 $89604 $27232 $62372 $000 $5304947 $14550000 $204256183 $4179183 $14550000 $89604 $27232 $62372 $000 $5367319 $14550000 $2069792


3 of 5 3813 837 AM

84 $4179183 $14550000 $89604 $27232 $62372 $000 $5429691 $14550000 $2097024PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $14550000 $89604 $28049 $61555 $000 $5491246 $14550000 $212507386 $4304559 $14550000 $89604 $28049 $61555 $000 $5552801 $14550000 $215312287 $4304559 $14550000 $89604 $28049 $61555 $000 $5614355 $14550000 $218117188 $4304559 $14550000 $89604 $28049 $61555 $000 $5675910 $14550000 $220922089 $4304559 $14550000 $89604 $28049 $61555 $000 $5737465 $14550000 $223726890 $4304559 $14550000 $89604 $28049 $61555 $000 $5799020 $14550000 $226531791 $4304559 $14550000 $89604 $28049 $61555 $000 $5860575 $14550000 $229336692 $4304559 $14550000 $89604 $28049 $61555 $000 $5922130 $14550000 $232141593 $4304559 $14550000 $89604 $28049 $61555 $000 $5983685 $14550000 $234946494 $4304559 $14550000 $89604 $28049 $61555 $000 $6045240 $14550000 $237751295 $4304559 $14550000 $89604 $28049 $61555 $000 $6106795 $14550000 $240556196 $4304559 $14550000 $89604 $28049 $61555 $000 $6168350 $14550000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $14550000 $89604 $28890 $60713 $000 $6229063 $14550000 $246250098 $4433695 $14550000 $89604 $28890 $60713 $000 $6289777 $14550000 $249139199 $4433695 $14550000 $89604 $28890 $60713 $000 $6350490 $14550000 $2520281

100 $4433695 $14550000 $89604 $28890 $60713 $000 $6411204 $14550000 $2549171101 $4433695 $14550000 $89604 $28890 $60713 $000 $6471917 $14550000 $2578061102 $4433695 $14550000 $89604 $28890 $60713 $000 $6532631 $14550000 $2606952103 $4433695 $14550000 $89604 $28890 $60713 $000 $6593344 $14550000 $2635842104 $4433695 $14550000 $89604 $28890 $60713 $000 $6654058 $14550000 $2664732105 $4433695 $14550000 $89604 $28890 $60713 $000 $6714771 $14550000 $2693623106 $4433695 $14550000 $89604 $28890 $60713 $000 $6775485 $14550000 $2722513107 $4433695 $14550000 $89604 $28890 $60713 $000 $6836198 $14550000 $2751403108 $4433695 $14550000 $89604 $28890 $60713 $000 $6896912 $14550000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $14550000 $89604 $29757 $59847 $000 $6956758 $14550000 $2810050110 $4566706 $14550000 $89604 $29757 $59847 $000 $7016605 $14550000 $2839807111 $4566706 $14550000 $89604 $29757 $59847 $000 $7076452 $14550000 $2869564112 $4566706 $14550000 $89604 $29757 $59847 $000 $7136299 $14550000 $2899321113 $4566706 $14550000 $89604 $29757 $59847 $000 $7196145 $14550000 $2929078114 $4566706 $14550000 $89604 $29757 $59847 $000 $7255992 $14550000 $2958835115 $4566706 $14550000 $89604 $29757 $59847 $000 $7315839 $14550000 $2988592116 $4566706 $14550000 $89604 $29757 $59847 $000 $7375686 $14550000 $3018349117 $4566706 $14550000 $89604 $29757 $59847 $000 $7435533 $14550000 $3048106118 $4566706 $14550000 $89604 $29757 $59847 $000 $7495379 $14550000 $3077863119 $4566706 $14550000 $89604 $29757 $59847 $000 $7555226 $14550000 $3107620120 $4566706 $14550000 $89604 $29757 $59847 $000 $7615073 $14550000 $3137377F $4566706 $14550000 $14550000 $7615073 $000 $3137377F $4566706 $000 $7615073 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3

State of ResidenceContinental US

Income Growth Rate

3Poverty Level Change Rate

3


4 of 5 3813 837 AM

Loan Forgiveness

Year of Forgiveness10 Years (Public Service)

Tax Filing StatusSingle

STUDENT SPOUSEAdjusted Gross Income (AGI) 35000 0

Expected Income Jump (Enter NewAGI) 0 0

Years After Graduation 0 0

UnsubsidizedLoan Amount

Interest Rate SubsidizedLoan Amount

Interest Rate

First Loan 145500 739 0 68

Second Loan 0 68 0 68

INCOME-BASED REPAYMENT FIXED MONTHLY REPAYMENTLoan Term 25 Years 10 Years

Minimum Payment 1000 5000

Interest Rate Reduction 0 0

after month 0 0

Display full payment schedule Yes No

Next Steps

Search for Scholarships at FastWebcomConsider education loans to help fill the gap Remember to borrow federal first as federal loans arecheaper more available and have better repayment termsDont overlook the education tax benefits such as the Hope Scholarship tax credit

Home | Loans | Scholarships | Savings | Military Aid | Other Types of Aid | Financial Aid Applications

Answering Your Questions | Calculators | Beyond Financial Aid | Site Map | About FinAidreg

Copyright copy 2013 FinAid Page LLC All rights reservedMark Kantrowitz Publisher

wwwFinAidorg


5 of 5 3813 837 AM











10000



1 of 5 3813 838 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $8600000 $50382 $22806 $27575 $000 $27575 $8600000 $228062 $3500000 $8600000 $50382 $22806 $27575 $000 $55151 $8600000 $456123 $3500000 $8600000 $50382 $22806 $27575 $000 $82726 $8600000 $684194 $3500000 $8600000 $50382 $22806 $27575 $000 $110302 $8600000 $912255 $3500000 $8600000 $50382 $22806 $27575 $000 $137877 $8600000 $1140316 $3500000 $8600000 $50382 $22806 $27575 $000 $165452 $8600000 $1368387 $3500000 $8600000 $50382 $22806 $27575 $000 $193028 $8600000 $1596448 $3500000 $8600000 $50382 $22806 $27575 $000 $220603 $8600000 $1824509 $3500000 $8600000 $50382 $22806 $27575 $000 $248179 $8600000 $205256

10 $3500000 $8600000 $50382 $22806 $27575 $000 $275754 $8600000 $22806211 $3500000 $8600000 $50382 $22806 $27575 $000 $303330 $8600000 $25086912 $3500000 $8600000 $50382 $22806 $27575 $000 $330905 $8600000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $8600000 $50382 $23490 $26891 $000 $357796 $8600000 $29716514 $3605000 $8600000 $50382 $23490 $26891 $000 $384687 $8600000 $32065615 $3605000 $8600000 $50382 $23490 $26891 $000 $411579 $8600000 $34414616 $3605000 $8600000 $50382 $23490 $26891 $000 $438470 $8600000 $36763717 $3605000 $8600000 $50382 $23490 $26891 $000 $465361 $8600000 $39112718 $3605000 $8600000 $50382 $23490 $26891 $000 $492252 $8600000 $41461819 $3605000 $8600000 $50382 $23490 $26891 $000 $519144 $8600000 $43810820 $3605000 $8600000 $50382 $23490 $26891 $000 $546035 $8600000 $46159921 $3605000 $8600000 $50382 $23490 $26891 $000 $572926 $8600000 $48508922 $3605000 $8600000 $50382 $23490 $26891 $000 $599817 $8600000 $50857923 $3605000 $8600000 $50382 $23490 $26891 $000 $626709 $8600000 $53207024 $3605000 $8600000 $50382 $23490 $26891 $000 $653600 $8600000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $8600000 $50382 $24195 $26187 $000 $679786 $8600000 $57975526 $3713150 $8600000 $50382 $24195 $26187 $000 $705973 $8600000 $60395127 $3713150 $8600000 $50382 $24195 $26187 $000 $732159 $8600000 $62814628 $3713150 $8600000 $50382 $24195 $26187 $000 $758346 $8600000 $65234129 $3713150 $8600000 $50382 $24195 $26187 $000 $784532 $8600000 $67653630 $3713150 $8600000 $50382 $24195 $26187 $000 $810719 $8600000 $70073131 $3713150 $8600000 $50382 $24195 $26187 $000 $836905 $8600000 $72492632 $3713150 $8600000 $50382 $24195 $26187 $000 $863092 $8600000 $74912133 $3713150 $8600000 $50382 $24195 $26187 $000 $889278 $8600000 $77331734 $3713150 $8600000 $50382 $24195 $26187 $000 $915465 $8600000 $79751235 $3713150 $8600000 $50382 $24195 $26187 $000 $941651 $8600000 $82170736 $3713150 $8600000 $50382 $24195 $26187 $000 $967838 $8600000 $845902


2 of 5 3813 838 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $8600000 $50382 $24921 $25461 $000 $993299 $8600000 $87082338 $3824544 $8600000 $50382 $24921 $25461 $000 $1018759 $8600000 $89574439 $3824544 $8600000 $50382 $24921 $25461 $000 $1044220 $8600000 $92066540 $3824544 $8600000 $50382 $24921 $25461 $000 $1069681 $8600000 $94558641 $3824544 $8600000 $50382 $24921 $25461 $000 $1095141 $8600000 $97050742 $3824544 $8600000 $50382 $24921 $25461 $000 $1120602 $8600000 $99542843 $3824544 $8600000 $50382 $24921 $25461 $000 $1146063 $8600000 $102034944 $3824544 $8600000 $50382 $24921 $25461 $000 $1171523 $8600000 $104527045 $3824544 $8600000 $50382 $24921 $25461 $000 $1196984 $8600000 $107019146 $3824544 $8600000 $50382 $24921 $25461 $000 $1222445 $8600000 $109511247 $3824544 $8600000 $50382 $24921 $25461 $000 $1247905 $8600000 $112003348 $3824544 $8600000 $50382 $24921 $25461 $000 $1273366 $8600000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $8600000 $50382 $25669 $24713 $000 $1298079 $8600000 $117062350 $3939281 $8600000 $50382 $25669 $24713 $000 $1322792 $8600000 $119629151 $3939281 $8600000 $50382 $25669 $24713 $000 $1347505 $8600000 $122196052 $3939281 $8600000 $50382 $25669 $24713 $000 $1372218 $8600000 $124762953 $3939281 $8600000 $50382 $25669 $24713 $000 $1396931 $8600000 $127329754 $3939281 $8600000 $50382 $25669 $24713 $000 $1421644 $8600000 $129896655 $3939281 $8600000 $50382 $25669 $24713 $000 $1446357 $8600000 $132463556 $3939281 $8600000 $50382 $25669 $24713 $000 $1471070 $8600000 $135030357 $3939281 $8600000 $50382 $25669 $24713 $000 $1495783 $8600000 $137597258 $3939281 $8600000 $50382 $25669 $24713 $000 $1520496 $8600000 $140164059 $3939281 $8600000 $50382 $25669 $24713 $000 $1545209 $8600000 $142730960 $3939281 $8600000 $50382 $25669 $24713 $000 $1569922 $8600000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $8600000 $50382 $26439 $23943 $000 $1593865 $8600000 $147941662 $4057459 $8600000 $50382 $26439 $23943 $000 $1617808 $8600000 $150585563 $4057459 $8600000 $50382 $26439 $23943 $000 $1641751 $8600000 $153229464 $4057459 $8600000 $50382 $26439 $23943 $000 $1665694 $8600000 $155873365 $4057459 $8600000 $50382 $26439 $23943 $000 $1689637 $8600000 $158517166 $4057459 $8600000 $50382 $26439 $23943 $000 $1713580 $8600000 $161161067 $4057459 $8600000 $50382 $26439 $23943 $000 $1737523 $8600000 $163804968 $4057459 $8600000 $50382 $26439 $23943 $000 $1761466 $8600000 $166448769 $4057459 $8600000 $50382 $26439 $23943 $000 $1785409 $8600000 $169092670 $4057459 $8600000 $50382 $26439 $23943 $000 $1809352 $8600000 $171736571 $4057459 $8600000 $50382 $26439 $23943 $000 $1833295 $8600000 $174380372 $4057459 $8600000 $50382 $26439 $23943 $000 $1857238 $8600000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $8600000 $50382 $27232 $23150 $000 $1880388 $8600000 $179747474 $4179183 $8600000 $50382 $27232 $23150 $000 $1903538 $8600000 $182470675 $4179183 $8600000 $50382 $27232 $23150 $000 $1926687 $8600000 $185193876 $4179183 $8600000 $50382 $27232 $23150 $000 $1949837 $8600000 $187916977 $4179183 $8600000 $50382 $27232 $23150 $000 $1972987 $8600000 $190640178 $4179183 $8600000 $50382 $27232 $23150 $000 $1996137 $8600000 $193363379 $4179183 $8600000 $50382 $27232 $23150 $000 $2019287 $8600000 $196086580 $4179183 $8600000 $50382 $27232 $23150 $000 $2042436 $8600000 $198809781 $4179183 $8600000 $50382 $27232 $23150 $000 $2065586 $8600000 $201532982 $4179183 $8600000 $50382 $27232 $23150 $000 $2088736 $8600000 $204256183 $4179183 $8600000 $50382 $27232 $23150 $000 $2111886 $8600000 $2069792


3 of 5 3813 838 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM

copy 2013 by Jeffrey Hanson Education Services All rights reserved Page 1

PUBLIC SERVICE LOAN REPAYMENT STRATEGIES Spring 2013

University of Wisconsin Law School

Jeffrey Hanson Education Services

1 The Good News

uml  New loan forgiveness programs

uml  New income-defined repayment options

uml  Loan Repayment Assistance Programs (LRAPs)

2

A New Federal Loan Forgiveness Program

uml  Public Service Loan Forgiveness Program (PSLF)

3

Additional Programs for Prosecutors amp Legal Aid Attorneys

Following federal programs are subject to annual federal budget appropriations for funding and awards to be made to eligible borrowers

uml  John R Justice Student Loan Repayment Program

uml  Civil Legal Assistance Attorney Student Loan Repayment Program

4

Visit ldquoEqual Justice Worksrdquo at EqualJusticeWorksorg for more information about these two programs

Public Service Loan Forgiveness Program (PSLF)

Loan Forgiveness 5

What is PSLF

Public Service Loan Forgiveness (PSLF) is a federal program that provides for the forgiveness of any outstanding balance on a Federal Direct Loan once the borrower completes 120 months of qualifying employmentpayments (tax-free)

6


PSLF Key Points

uml DIRECT Loans only

uml Work full-time as a paid employee for an eligible public service organization for 10 years (120 months)

uml Repay loans using IBR or PAYE

uml For more information go to StudentAidedgovpublicservice

7

PSLF

To apply for loan forgiveness uml  Eligible DIRECT Loans cannot be in default AND

uml  Must have worked full-time for 120 months in qualifying public service position AND

uml  Must have made 120 qualifying loan payments on DIRECT Loans during period of qualifying employment

Months do not need to be consecutive

8

Eligible Loans

Following loans are eligible for PSLF

uml  Federal DIRECT SubUnsub Loans

uml  Federal DIRECT Grad PLUS Loans

uml  Federal DIRECT Consolidation Loans

Check your loans at NSLDSedgov

FFEL and Federal Perkins Loans must be consolidated (ie refinanced) through the Federal Direct Loan Program to be eligible for PSLF To consolidate loans go to LoanConsolidationedgov

9

NSLDSedgov

To access enter q  SSN

q  First two letters of last name

q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct

uml  Lender was private institution

uml  FFEL loans can be sold to another entity

uml  Loans may be serviced by lender or 3rd party

uml  FFEL loans sold to Dept of Education do not become Direct Loansmdashmust be consolidated in Direct Program to be eligible for Public Service Loan Forgiveness

uml  Lender was US Department of Education (ED)

uml  Direct loans wonrsquot be sold

uml  Loans are serviced by one of five federal contractors

uml  Only Direct Loans are eligible for Public Service Loan Forgiveness

Federal Family Education Loan Program (FFEL)

Federal Direct Loan Program (Direct)

11

Qualifying Employment

Must be FULL-TIME paid employee of a uml  501(c)(3) organization exempt from taxation

under section 501(a) of the IRS Code of 1986 OR

uml  Government (federal state local tribal) agency in US

Full-time employment is defined as the greater of bull  30 hoursweek or bull  Employerrsquos definition of full-time

12


Qualifying Payments

Payments must be made using uml  Income Based Repayment (IBR)

uml  Income Contingent Repayment (ICR)

uml  ldquoPay As You Earnrdquo Repayment (PAYE)

uml  Standard Repayment (10-year fixed plan)

OR

uml  Amount paid each month must be no less than payment based on a 10-year loan period

13

Potential Pros and Cons

Pros uml  Increases financial feasibility

of pursuing a public interestpublic sector legal career if you have student loan debt

uml  Portion of eligible federal student loan debt may be forgiven

uml  Entitlement

Cons uml  ldquoAll or nothingrdquo benefit you

must put in full 10 years120 months of qualifying public service employmentloan payments

uml  Only Direct Loan debt can be forgiven

uml  Program could be changed or eliminated through statutory changes by Congress

14

Suggested Steps to Participate in PSLF uml  Consolidate any non-Direct Federal Student Loans in the

Federal Direct Loan Program at LoanConsolidationedgov

uml  Use IBR or PAYE to repay your Direct loan(s)

uml  Make 120 payments (on-time) while employed full-time in qualifying public service position(s)

uml  Keep good records regarding all qualifying employment

uml  Submit ldquoEmployment Certification Form for PSLFrdquo annually

uml  Apply for PSLF after 120 months of qualifying activity has been completed

15

NEW for PSLF Employment Certification Process

uml  Complete ldquoEmployment Certification for Public Service Loan Forgivenessrdquo form annually OR whenever you change jobs

uml  Form online at StudentAidedgovPublicService

uml  Submit completed form to FedLoan Servicing

uml  FedLoan Servicing will review and process form

uml  FedLoan Servicing will inform you regarding your current status toward meeting the PSLF requirements

uml  If you have accumulated eligible months FedLoan Servicing will become your Direct Loan servicer if not currently servicing your Direct Loans

16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE

uml  Direct and FFEL loans

uml  Annual amount paid based on 15 of ldquoDiscretionary Incomerdquo

uml  Loan cancellation after 25 years

uml  Direct loans only



uml  Must meet two additional eligibility requirements

IBR PAYE

18


PAYE Additional Eligibility Requirements

uml  Must be a ldquonew borrowerrdquo on or after October 1 2007 (1012007)

curren No federal loans before 1012007 OR

curren No outstanding balance on an existing federal student loan when you borrowed your first federal student loan on or after 1012007

uml  Must have had a disbursement of a federal student loan on or after 1012011

19

To enter IBRPAYE you must have

PARTIAL FINANCIAL HARDSHIP (PFH)

IBR and PAYE How do you qualify

20

Standard 10-year payment $$$$$

IBRPAYE payment

$$ gt

What is PFH

Partial financial hardship exists when 21

When PFH exists payment is based on uml Household AGI

uml Household size

uml Federal Poverty Guidelines

IBR and PAYE How is monthly payment calculated

22

uml Your AGI

uml Spousersquos AGI only if joint federal tax return was filed

NOTE Householdrsquos eligible debt in PFH determination will include spousersquos eligible debt if spousersquos AGI is included

ldquoHousehold AGIrdquo 23

uml You

uml Spouse

uml Dependent children

uml Other dependents in household who receive gt 50 support from you

ldquoHousehold Sizerdquo 24


Annual amount paid in IBR is 15 of ldquoDiscretionaryrdquo Income

Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me

Annual IBR payment (15 of ldquoDiscretionaryrdquo Income)

Remainder of ldquoDiscretionaryrdquo Income

AGI protected to cover basic needs (150 of poverty line)

25

Annual amount paid in PAYE is 10 of ldquoDiscretionaryrdquo Income

Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me

Annual PAYE payment (10 of ldquoDiscretionaryrdquo Income)



26

Sample IBR Payments 15 Formula

Household AGI

2012 Monthly PFH Payment in 48 states HH Size = 1 HH Size = 2 HH Size = 3

$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27

Sample PAYE Payments 10 Formula

Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28

IBR and PAYE Negative Amortization

uml  IBRPAYE payment can be less than accrued interest

uml  Unpaid interest accrues

curren Unpaid interest accruing on subsidized DirectStafford Loan debt is waived by government for up to first 3 consecutive years in IBR or PAYE plan

uml  Debt increases

29

IBR and PAYE What happens if PFH ends

uml Remain in IBRPAYE curren Pay initial original 10-year amortization amount

uml Exit IBRPAYE

30


Applying for IBR or PAYE

uml  Contact current loan servicer to apply for IBRPAYE

uml  Complete online application as directed (every 12 months)

curren  Application collects basic demographic information as well as information about household adjusted gross income (AGI) and household size

31

You must CONSOLIDATE any non-DIRECT federal student loans (eg FFEL Perkins) before you can repay that debt using PAYE

Apply at loanconsolidationedgov

Sample Case Study

PSLF 32

You can use this calculator to estimate monthly payments using Income-Based Repayment (IBR) and to estimate the amount of loan forgiveness you might receive from the Public Service Loan Forgiveness Program if you satisfy all of the eligibility requirements

IBRPSLF Calculator FinAidorgcalculators 33

PSLF ndash Sample Case (IBR) Out-of-State

Assumptions Eligible federal student loan debt $145500 1st year Household Adjusted Gross Income (AGI) $35000 Assumed annual increase in AGI 3 Assumed annual increase in poverty guideline 3 Assumed AGI in 10th year $45667

Calculations made using 2012 federal poverty guidelines and Income-Based Repayment Calculator (15 Version) at FinAidOrgcalculators

IBR Payment Information IBR monthly payment in 1st month $228 IBR monthly payment in 120th month (max) $298 Total amount paid in IBR over 10 years $31374

Estimated Loan Forgiveness Total accrued interest forgiven after 10 years $76151 Total principal forgiven after 10 years $145500 Total amount forgiven after 10 years $221651

34

PSLF ndash Sample Case (IBR) In-State





35

Final Comments 36


To benefit from PSLF hellip

1  Consolidate any non-Direct Federal Student Loans in the Federal Direct Loan Program at

LoanConsolidationedgov

2  Use IBR or PAYE to repay your Direct loan(s)

3  Make 120 payments (on-time) while employed full-time in qualifying public service position(s)

4  Keep good records regarding all qualifying employment

5  Submit ldquoEmployment Certification Form for PSLFrdquo annually (available at StudentAidedgovpublicservice)

6  Apply for PSLF after 120 months of qualifying activity has been completed

37

For more information hellip

uml  Public service StudentAidedgovPublicService

uml  Federal student loan repayment StudentAidgov

uml  Federal Direct Consolidation Loans LoanConsolidationedgov

uml  National Student Loan Data System NSLDSedgov

uml  Federal loan repayment calculator StudentAidgov

uml  PSLF benefits estimation FinAidorgcalculators

uml  Equal Justice Works EqualJusticeWorksorg

uml  Ask Heather Jarvis AskHeatherJarviscom

38

THE GOOD NEWS Options exist to help you repay your federal student loans if you are planning a career in public service



39

wwwstudentaidedgov

How is the IBR amount determined Under IBR the amount you are required to repay each month is based on your Adjusted Gross Income (AGI) and family size If you are married and le a joint federal tax return with your spouse your AGI includes both your income and your spousersquos income The annual IBR repayment amount is 15 percent of the difference between your AGI and 150 percent of the Depart-ment of Health and Human Services Poverty Guideline for your family size and state This amount is then divided by 12 to get the monthly IBR repayment amount

The following chart shows the maximum IBR monthly payment amounts for a sample range of incomes and family sizes using the Poverty Guidelines that were in effect as of January 26 2012 for the 48 contiguous states and the District of Columbia

IBR Monthly Payment Amounts

After the initial determination of your eligibility for IBR your payment may be adjusted each year based on changes in your income and family size but your required monthly payment amount will never be more than what you would be required to pay under a 10-year standard repayment plan based on your outstanding loan balance on the date you began repaying the loans under IBR (unless you choose to exit the IBR program)

Are there examples of borrowers who are eligible for IBR and borrowers who are not Example 1 Based upon the IBR repayment formula a borrower with a family size of one and an AGI of $30000 would have an IBR calculated payment amount of $166 per month If this borrower had total eligible student loan debt of $25000 when the loans initially entered repayment and the loan balance had increased to $30000 when the borrower requested IBR the calculated monthly repayment amount under a 10-year standard plan would be based on the higher of the two amounts Us-ing an interest rate of 68 the 10-year standard payment amount for $30000 would be $345 Since the $166 IBR calcu-lated amount is less than the 10-year plan amount of $345 the borrower would be eligible to repay under IBR at a monthly amount of $166 However if this borrowerrsquos total eligible loan debt used to calculate the 10-year standard amount was only $10000 the 10-year standard payment would be $115 per month which is less than the IBR amount of $166 Therefore the borrower would not be eligible for IBR

Example 2 A borrower with a family size of four and income of $50000 would have an IBR calculated monthly payment amount of $193 If this borrower had total eligible student loan debt of $20000 when the loans initially entered repayment and this amount had not changed when the borrower requested IBR the calculated monthly repayment amount under a 10-year standard plan would be based on $20000 Using an interest rate of 68 the 10-year standard payment amount for $20000 would be $230 Since the $193 IBR calculated amount is less than the 10-year plan amount of $230 the borrower would be eligible to repay under IBR at a monthly amount of $193 However if the borrowerrsquos total eligible loan debt used to calculate the 10-year standard amount was only $15000 the 10-year calculated amount would be $173 per month which is less than the IBR amount of $193 This borrower would not be eligible for IBR

For more information on other repayment plans and calculators go to the Repayment Plans and Calculators page on the Fed-eral Student Aid website at wwwstudentaidedgov

How do borrowers apply for IBR For more information and to apply for IBR contact the servicer(s) of your student loan(s)

This fact sheet provides only a summary of the basic requirements of the Income-Based Repayment Plan For more detailed information review the Departmentrsquos IBR Questions and Answers document at wwwstudentaidedgovibr

Updated March 2012




Page 1 of 2


StudentAidgov





Pay As You Earn










of 2

StudentAidgov









1 Family Size

2 Family Size

3 Family Size

4 Family Size

5 Family Size

6 Family Size

7 $10000 $0 $0 $0 $0 $0 $0 $0 $15000 $0 $0 $0 $0 $0 $0 $0 $20000 $27 $0 $0 $0 $0 $0 $0 $25000 $69 $19 $0 $0 $0 $0 $0 $30000 $110 $61 $11 $0 $0 $0 $0 $35000 $152 $103 $53 $0 $0 $0 $0 $40000 $194 $144 $95 $45 $0 $0 $0 $45000 $235 $186 $136 $87 $37 $0 $0 $50000 $277 $228 $178 $129 $79 $30 $0 $55000 $319 $269 $220 $170 $121 $71 $33 $60000 $360 $311 $261 $212 $162 $113 $95 $65000 $402 $353 $303 $254 $204 $155 $105









March 2012















































10000



1 of 5 3813 837 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $14550000 $89604 $22806 $66797 $000 $66797 $14550000 $228062 $3500000 $14550000 $89604 $22806 $66797 $000 $133595 $14550000 $456123 $3500000 $14550000 $89604 $22806 $66797 $000 $200392 $14550000 $684194 $3500000 $14550000 $89604 $22806 $66797 $000 $267190 $14550000 $912255 $3500000 $14550000 $89604 $22806 $66797 $000 $333987 $14550000 $1140316 $3500000 $14550000 $89604 $22806 $66797 $000 $400785 $14550000 $1368387 $3500000 $14550000 $89604 $22806 $66797 $000 $467582 $14550000 $1596448 $3500000 $14550000 $89604 $22806 $66797 $000 $534380 $14550000 $1824509 $3500000 $14550000 $89604 $22806 $66797 $000 $601177 $14550000 $205256

10 $3500000 $14550000 $89604 $22806 $66797 $000 $667975 $14550000 $22806211 $3500000 $14550000 $89604 $22806 $66797 $000 $734773 $14550000 $25086912 $3500000 $14550000 $89604 $22806 $66797 $000 $801570 $14550000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $14550000 $89604 $23490 $66113 $000 $867683 $14550000 $29716514 $3605000 $14550000 $89604 $23490 $66113 $000 $933797 $14550000 $32065615 $3605000 $14550000 $89604 $23490 $66113 $000 $999910 $14550000 $34414616 $3605000 $14550000 $89604 $23490 $66113 $000 $1066023 $14550000 $36763717 $3605000 $14550000 $89604 $23490 $66113 $000 $1132137 $14550000 $39112718 $3605000 $14550000 $89604 $23490 $66113 $000 $1198250 $14550000 $41461819 $3605000 $14550000 $89604 $23490 $66113 $000 $1264363 $14550000 $43810820 $3605000 $14550000 $89604 $23490 $66113 $000 $1330477 $14550000 $46159921 $3605000 $14550000 $89604 $23490 $66113 $000 $1396590 $14550000 $48508922 $3605000 $14550000 $89604 $23490 $66113 $000 $1462703 $14550000 $50857923 $3605000 $14550000 $89604 $23490 $66113 $000 $1528816 $14550000 $53207024 $3605000 $14550000 $89604 $23490 $66113 $000 $1594930 $14550000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $14550000 $89604 $24195 $65409 $000 $1660338 $14550000 $57975526 $3713150 $14550000 $89604 $24195 $65409 $000 $1725747 $14550000 $60395127 $3713150 $14550000 $89604 $24195 $65409 $000 $1791156 $14550000 $62814628 $3713150 $14550000 $89604 $24195 $65409 $000 $1856564 $14550000 $65234129 $3713150 $14550000 $89604 $24195 $65409 $000 $1921973 $14550000 $67653630 $3713150 $14550000 $89604 $24195 $65409 $000 $1987381 $14550000 $70073131 $3713150 $14550000 $89604 $24195 $65409 $000 $2052790 $14550000 $72492632 $3713150 $14550000 $89604 $24195 $65409 $000 $2118199 $14550000 $74912133 $3713150 $14550000 $89604 $24195 $65409 $000 $2183607 $14550000 $77331734 $3713150 $14550000 $89604 $24195 $65409 $000 $2249016 $14550000 $79751235 $3713150 $14550000 $89604 $24195 $65409 $000 $2314424 $14550000 $82170736 $3713150 $14550000 $89604 $24195 $65409 $000 $2379833 $14550000 $845902


2 of 5 3813 837 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $14550000 $89604 $24921 $64683 $000 $2444516 $14550000 $87082338 $3824544 $14550000 $89604 $24921 $64683 $000 $2509198 $14550000 $89574439 $3824544 $14550000 $89604 $24921 $64683 $000 $2573881 $14550000 $92066540 $3824544 $14550000 $89604 $24921 $64683 $000 $2638564 $14550000 $94558641 $3824544 $14550000 $89604 $24921 $64683 $000 $2703247 $14550000 $97050742 $3824544 $14550000 $89604 $24921 $64683 $000 $2767929 $14550000 $99542843 $3824544 $14550000 $89604 $24921 $64683 $000 $2832612 $14550000 $102034944 $3824544 $14550000 $89604 $24921 $64683 $000 $2897295 $14550000 $104527045 $3824544 $14550000 $89604 $24921 $64683 $000 $2961978 $14550000 $107019146 $3824544 $14550000 $89604 $24921 $64683 $000 $3026660 $14550000 $109511247 $3824544 $14550000 $89604 $24921 $64683 $000 $3091343 $14550000 $112003348 $3824544 $14550000 $89604 $24921 $64683 $000 $3156026 $14550000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $14550000 $89604 $25669 $63935 $000 $3219961 $14550000 $117062350 $3939281 $14550000 $89604 $25669 $63935 $000 $3283896 $14550000 $119629151 $3939281 $14550000 $89604 $25669 $63935 $000 $3347831 $14550000 $122196052 $3939281 $14550000 $89604 $25669 $63935 $000 $3411766 $14550000 $124762953 $3939281 $14550000 $89604 $25669 $63935 $000 $3475701 $14550000 $127329754 $3939281 $14550000 $89604 $25669 $63935 $000 $3539637 $14550000 $129896655 $3939281 $14550000 $89604 $25669 $63935 $000 $3603572 $14550000 $132463556 $3939281 $14550000 $89604 $25669 $63935 $000 $3667507 $14550000 $135030357 $3939281 $14550000 $89604 $25669 $63935 $000 $3731442 $14550000 $137597258 $3939281 $14550000 $89604 $25669 $63935 $000 $3795377 $14550000 $140164059 $3939281 $14550000 $89604 $25669 $63935 $000 $3859312 $14550000 $142730960 $3939281 $14550000 $89604 $25669 $63935 $000 $3923247 $14550000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $14550000 $89604 $26439 $63165 $000 $3986412 $14550000 $147941662 $4057459 $14550000 $89604 $26439 $63165 $000 $4049577 $14550000 $150585563 $4057459 $14550000 $89604 $26439 $63165 $000 $4112742 $14550000 $153229464 $4057459 $14550000 $89604 $26439 $63165 $000 $4175907 $14550000 $155873365 $4057459 $14550000 $89604 $26439 $63165 $000 $4239073 $14550000 $158517166 $4057459 $14550000 $89604 $26439 $63165 $000 $4302238 $14550000 $161161067 $4057459 $14550000 $89604 $26439 $63165 $000 $4365403 $14550000 $163804968 $4057459 $14550000 $89604 $26439 $63165 $000 $4428568 $14550000 $166448769 $4057459 $14550000 $89604 $26439 $63165 $000 $4491733 $14550000 $169092670 $4057459 $14550000 $89604 $26439 $63165 $000 $4554898 $14550000 $171736571 $4057459 $14550000 $89604 $26439 $63165 $000 $4618063 $14550000 $174380372 $4057459 $14550000 $89604 $26439 $63165 $000 $4681228 $14550000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $14550000 $89604 $27232 $62372 $000 $4743600 $14550000 $179747474 $4179183 $14550000 $89604 $27232 $62372 $000 $4805972 $14550000 $182470675 $4179183 $14550000 $89604 $27232 $62372 $000 $4868344 $14550000 $185193876 $4179183 $14550000 $89604 $27232 $62372 $000 $4930716 $14550000 $187916977 $4179183 $14550000 $89604 $27232 $62372 $000 $4993087 $14550000 $190640178 $4179183 $14550000 $89604 $27232 $62372 $000 $5055459 $14550000 $193363379 $4179183 $14550000 $89604 $27232 $62372 $000 $5117831 $14550000 $196086580 $4179183 $14550000 $89604 $27232 $62372 $000 $5180203 $14550000 $198809781 $4179183 $14550000 $89604 $27232 $62372 $000 $5242575 $14550000 $201532982 $4179183 $14550000 $89604 $27232 $62372 $000 $5304947 $14550000 $204256183 $4179183 $14550000 $89604 $27232 $62372 $000 $5367319 $14550000 $2069792


3 of 5 3813 837 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $14550000 $89604 $28049 $61555 $000 $5491246 $14550000 $212507386 $4304559 $14550000 $89604 $28049 $61555 $000 $5552801 $14550000 $215312287 $4304559 $14550000 $89604 $28049 $61555 $000 $5614355 $14550000 $218117188 $4304559 $14550000 $89604 $28049 $61555 $000 $5675910 $14550000 $220922089 $4304559 $14550000 $89604 $28049 $61555 $000 $5737465 $14550000 $223726890 $4304559 $14550000 $89604 $28049 $61555 $000 $5799020 $14550000 $226531791 $4304559 $14550000 $89604 $28049 $61555 $000 $5860575 $14550000 $229336692 $4304559 $14550000 $89604 $28049 $61555 $000 $5922130 $14550000 $232141593 $4304559 $14550000 $89604 $28049 $61555 $000 $5983685 $14550000 $234946494 $4304559 $14550000 $89604 $28049 $61555 $000 $6045240 $14550000 $237751295 $4304559 $14550000 $89604 $28049 $61555 $000 $6106795 $14550000 $240556196 $4304559 $14550000 $89604 $28049 $61555 $000 $6168350 $14550000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $14550000 $89604 $28890 $60713 $000 $6229063 $14550000 $246250098 $4433695 $14550000 $89604 $28890 $60713 $000 $6289777 $14550000 $249139199 $4433695 $14550000 $89604 $28890 $60713 $000 $6350490 $14550000 $2520281

100 $4433695 $14550000 $89604 $28890 $60713 $000 $6411204 $14550000 $2549171101 $4433695 $14550000 $89604 $28890 $60713 $000 $6471917 $14550000 $2578061102 $4433695 $14550000 $89604 $28890 $60713 $000 $6532631 $14550000 $2606952103 $4433695 $14550000 $89604 $28890 $60713 $000 $6593344 $14550000 $2635842104 $4433695 $14550000 $89604 $28890 $60713 $000 $6654058 $14550000 $2664732105 $4433695 $14550000 $89604 $28890 $60713 $000 $6714771 $14550000 $2693623106 $4433695 $14550000 $89604 $28890 $60713 $000 $6775485 $14550000 $2722513107 $4433695 $14550000 $89604 $28890 $60713 $000 $6836198 $14550000 $2751403108 $4433695 $14550000 $89604 $28890 $60713 $000 $6896912 $14550000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $14550000 $89604 $29757 $59847 $000 $6956758 $14550000 $2810050110 $4566706 $14550000 $89604 $29757 $59847 $000 $7016605 $14550000 $2839807111 $4566706 $14550000 $89604 $29757 $59847 $000 $7076452 $14550000 $2869564112 $4566706 $14550000 $89604 $29757 $59847 $000 $7136299 $14550000 $2899321113 $4566706 $14550000 $89604 $29757 $59847 $000 $7196145 $14550000 $2929078114 $4566706 $14550000 $89604 $29757 $59847 $000 $7255992 $14550000 $2958835115 $4566706 $14550000 $89604 $29757 $59847 $000 $7315839 $14550000 $2988592116 $4566706 $14550000 $89604 $29757 $59847 $000 $7375686 $14550000 $3018349117 $4566706 $14550000 $89604 $29757 $59847 $000 $7435533 $14550000 $3048106118 $4566706 $14550000 $89604 $29757 $59847 $000 $7495379 $14550000 $3077863119 $4566706 $14550000 $89604 $29757 $59847 $000 $7555226 $14550000 $3107620120 $4566706 $14550000 $89604 $29757 $59847 $000 $7615073 $14550000 $3137377F $4566706 $14550000 $14550000 $7615073 $000 $3137377F $4566706 $000 $7615073 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 837 AM

Loan Forgiveness








Interest Rate

First Loan 145500 739 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 837 AM











10000



1 of 5 3813 838 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $8600000 $50382 $22806 $27575 $000 $27575 $8600000 $228062 $3500000 $8600000 $50382 $22806 $27575 $000 $55151 $8600000 $456123 $3500000 $8600000 $50382 $22806 $27575 $000 $82726 $8600000 $684194 $3500000 $8600000 $50382 $22806 $27575 $000 $110302 $8600000 $912255 $3500000 $8600000 $50382 $22806 $27575 $000 $137877 $8600000 $1140316 $3500000 $8600000 $50382 $22806 $27575 $000 $165452 $8600000 $1368387 $3500000 $8600000 $50382 $22806 $27575 $000 $193028 $8600000 $1596448 $3500000 $8600000 $50382 $22806 $27575 $000 $220603 $8600000 $1824509 $3500000 $8600000 $50382 $22806 $27575 $000 $248179 $8600000 $205256

10 $3500000 $8600000 $50382 $22806 $27575 $000 $275754 $8600000 $22806211 $3500000 $8600000 $50382 $22806 $27575 $000 $303330 $8600000 $25086912 $3500000 $8600000 $50382 $22806 $27575 $000 $330905 $8600000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $8600000 $50382 $23490 $26891 $000 $357796 $8600000 $29716514 $3605000 $8600000 $50382 $23490 $26891 $000 $384687 $8600000 $32065615 $3605000 $8600000 $50382 $23490 $26891 $000 $411579 $8600000 $34414616 $3605000 $8600000 $50382 $23490 $26891 $000 $438470 $8600000 $36763717 $3605000 $8600000 $50382 $23490 $26891 $000 $465361 $8600000 $39112718 $3605000 $8600000 $50382 $23490 $26891 $000 $492252 $8600000 $41461819 $3605000 $8600000 $50382 $23490 $26891 $000 $519144 $8600000 $43810820 $3605000 $8600000 $50382 $23490 $26891 $000 $546035 $8600000 $46159921 $3605000 $8600000 $50382 $23490 $26891 $000 $572926 $8600000 $48508922 $3605000 $8600000 $50382 $23490 $26891 $000 $599817 $8600000 $50857923 $3605000 $8600000 $50382 $23490 $26891 $000 $626709 $8600000 $53207024 $3605000 $8600000 $50382 $23490 $26891 $000 $653600 $8600000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $8600000 $50382 $24195 $26187 $000 $679786 $8600000 $57975526 $3713150 $8600000 $50382 $24195 $26187 $000 $705973 $8600000 $60395127 $3713150 $8600000 $50382 $24195 $26187 $000 $732159 $8600000 $62814628 $3713150 $8600000 $50382 $24195 $26187 $000 $758346 $8600000 $65234129 $3713150 $8600000 $50382 $24195 $26187 $000 $784532 $8600000 $67653630 $3713150 $8600000 $50382 $24195 $26187 $000 $810719 $8600000 $70073131 $3713150 $8600000 $50382 $24195 $26187 $000 $836905 $8600000 $72492632 $3713150 $8600000 $50382 $24195 $26187 $000 $863092 $8600000 $74912133 $3713150 $8600000 $50382 $24195 $26187 $000 $889278 $8600000 $77331734 $3713150 $8600000 $50382 $24195 $26187 $000 $915465 $8600000 $79751235 $3713150 $8600000 $50382 $24195 $26187 $000 $941651 $8600000 $82170736 $3713150 $8600000 $50382 $24195 $26187 $000 $967838 $8600000 $845902


2 of 5 3813 838 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $8600000 $50382 $24921 $25461 $000 $993299 $8600000 $87082338 $3824544 $8600000 $50382 $24921 $25461 $000 $1018759 $8600000 $89574439 $3824544 $8600000 $50382 $24921 $25461 $000 $1044220 $8600000 $92066540 $3824544 $8600000 $50382 $24921 $25461 $000 $1069681 $8600000 $94558641 $3824544 $8600000 $50382 $24921 $25461 $000 $1095141 $8600000 $97050742 $3824544 $8600000 $50382 $24921 $25461 $000 $1120602 $8600000 $99542843 $3824544 $8600000 $50382 $24921 $25461 $000 $1146063 $8600000 $102034944 $3824544 $8600000 $50382 $24921 $25461 $000 $1171523 $8600000 $104527045 $3824544 $8600000 $50382 $24921 $25461 $000 $1196984 $8600000 $107019146 $3824544 $8600000 $50382 $24921 $25461 $000 $1222445 $8600000 $109511247 $3824544 $8600000 $50382 $24921 $25461 $000 $1247905 $8600000 $112003348 $3824544 $8600000 $50382 $24921 $25461 $000 $1273366 $8600000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $8600000 $50382 $25669 $24713 $000 $1298079 $8600000 $117062350 $3939281 $8600000 $50382 $25669 $24713 $000 $1322792 $8600000 $119629151 $3939281 $8600000 $50382 $25669 $24713 $000 $1347505 $8600000 $122196052 $3939281 $8600000 $50382 $25669 $24713 $000 $1372218 $8600000 $124762953 $3939281 $8600000 $50382 $25669 $24713 $000 $1396931 $8600000 $127329754 $3939281 $8600000 $50382 $25669 $24713 $000 $1421644 $8600000 $129896655 $3939281 $8600000 $50382 $25669 $24713 $000 $1446357 $8600000 $132463556 $3939281 $8600000 $50382 $25669 $24713 $000 $1471070 $8600000 $135030357 $3939281 $8600000 $50382 $25669 $24713 $000 $1495783 $8600000 $137597258 $3939281 $8600000 $50382 $25669 $24713 $000 $1520496 $8600000 $140164059 $3939281 $8600000 $50382 $25669 $24713 $000 $1545209 $8600000 $142730960 $3939281 $8600000 $50382 $25669 $24713 $000 $1569922 $8600000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $8600000 $50382 $26439 $23943 $000 $1593865 $8600000 $147941662 $4057459 $8600000 $50382 $26439 $23943 $000 $1617808 $8600000 $150585563 $4057459 $8600000 $50382 $26439 $23943 $000 $1641751 $8600000 $153229464 $4057459 $8600000 $50382 $26439 $23943 $000 $1665694 $8600000 $155873365 $4057459 $8600000 $50382 $26439 $23943 $000 $1689637 $8600000 $158517166 $4057459 $8600000 $50382 $26439 $23943 $000 $1713580 $8600000 $161161067 $4057459 $8600000 $50382 $26439 $23943 $000 $1737523 $8600000 $163804968 $4057459 $8600000 $50382 $26439 $23943 $000 $1761466 $8600000 $166448769 $4057459 $8600000 $50382 $26439 $23943 $000 $1785409 $8600000 $169092670 $4057459 $8600000 $50382 $26439 $23943 $000 $1809352 $8600000 $171736571 $4057459 $8600000 $50382 $26439 $23943 $000 $1833295 $8600000 $174380372 $4057459 $8600000 $50382 $26439 $23943 $000 $1857238 $8600000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $8600000 $50382 $27232 $23150 $000 $1880388 $8600000 $179747474 $4179183 $8600000 $50382 $27232 $23150 $000 $1903538 $8600000 $182470675 $4179183 $8600000 $50382 $27232 $23150 $000 $1926687 $8600000 $185193876 $4179183 $8600000 $50382 $27232 $23150 $000 $1949837 $8600000 $187916977 $4179183 $8600000 $50382 $27232 $23150 $000 $1972987 $8600000 $190640178 $4179183 $8600000 $50382 $27232 $23150 $000 $1996137 $8600000 $193363379 $4179183 $8600000 $50382 $27232 $23150 $000 $2019287 $8600000 $196086580 $4179183 $8600000 $50382 $27232 $23150 $000 $2042436 $8600000 $198809781 $4179183 $8600000 $50382 $27232 $23150 $000 $2065586 $8600000 $201532982 $4179183 $8600000 $50382 $27232 $23150 $000 $2088736 $8600000 $204256183 $4179183 $8600000 $50382 $27232 $23150 $000 $2111886 $8600000 $2069792


3 of 5 3813 838 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39

of 2


StudentAidgov





Pay As You Earn










Page 2 of 2

StudentAidgov









1 Family Size

2 Family Size

3 Family Size

4 Family Size

5 Family Size

6 Family Size

7 $10000 $0 $0 $0 $0 $0 $0 $0 $15000 $0 $0 $0 $0 $0 $0 $0 $20000 $27 $0 $0 $0 $0 $0 $0 $25000 $69 $19 $0 $0 $0 $0 $0 $30000 $110 $61 $11 $0 $0 $0 $0 $35000 $152 $103 $53 $0 $0 $0 $0 $40000 $194 $144 $95 $45 $0 $0 $0 $45000 $235 $186 $136 $87 $37 $0 $0 $50000 $277 $228 $178 $129 $79 $30 $0 $55000 $319 $269 $220 $170 $121 $71 $33 $60000 $360 $311 $261 $212 $162 $113 $95 $65000 $402 $353 $303 $254 $204 $155 $105









March 2012















































10000



1 of 5 3813 837 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $14550000 $89604 $22806 $66797 $000 $66797 $14550000 $228062 $3500000 $14550000 $89604 $22806 $66797 $000 $133595 $14550000 $456123 $3500000 $14550000 $89604 $22806 $66797 $000 $200392 $14550000 $684194 $3500000 $14550000 $89604 $22806 $66797 $000 $267190 $14550000 $912255 $3500000 $14550000 $89604 $22806 $66797 $000 $333987 $14550000 $1140316 $3500000 $14550000 $89604 $22806 $66797 $000 $400785 $14550000 $1368387 $3500000 $14550000 $89604 $22806 $66797 $000 $467582 $14550000 $1596448 $3500000 $14550000 $89604 $22806 $66797 $000 $534380 $14550000 $1824509 $3500000 $14550000 $89604 $22806 $66797 $000 $601177 $14550000 $205256

10 $3500000 $14550000 $89604 $22806 $66797 $000 $667975 $14550000 $22806211 $3500000 $14550000 $89604 $22806 $66797 $000 $734773 $14550000 $25086912 $3500000 $14550000 $89604 $22806 $66797 $000 $801570 $14550000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $14550000 $89604 $23490 $66113 $000 $867683 $14550000 $29716514 $3605000 $14550000 $89604 $23490 $66113 $000 $933797 $14550000 $32065615 $3605000 $14550000 $89604 $23490 $66113 $000 $999910 $14550000 $34414616 $3605000 $14550000 $89604 $23490 $66113 $000 $1066023 $14550000 $36763717 $3605000 $14550000 $89604 $23490 $66113 $000 $1132137 $14550000 $39112718 $3605000 $14550000 $89604 $23490 $66113 $000 $1198250 $14550000 $41461819 $3605000 $14550000 $89604 $23490 $66113 $000 $1264363 $14550000 $43810820 $3605000 $14550000 $89604 $23490 $66113 $000 $1330477 $14550000 $46159921 $3605000 $14550000 $89604 $23490 $66113 $000 $1396590 $14550000 $48508922 $3605000 $14550000 $89604 $23490 $66113 $000 $1462703 $14550000 $50857923 $3605000 $14550000 $89604 $23490 $66113 $000 $1528816 $14550000 $53207024 $3605000 $14550000 $89604 $23490 $66113 $000 $1594930 $14550000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $14550000 $89604 $24195 $65409 $000 $1660338 $14550000 $57975526 $3713150 $14550000 $89604 $24195 $65409 $000 $1725747 $14550000 $60395127 $3713150 $14550000 $89604 $24195 $65409 $000 $1791156 $14550000 $62814628 $3713150 $14550000 $89604 $24195 $65409 $000 $1856564 $14550000 $65234129 $3713150 $14550000 $89604 $24195 $65409 $000 $1921973 $14550000 $67653630 $3713150 $14550000 $89604 $24195 $65409 $000 $1987381 $14550000 $70073131 $3713150 $14550000 $89604 $24195 $65409 $000 $2052790 $14550000 $72492632 $3713150 $14550000 $89604 $24195 $65409 $000 $2118199 $14550000 $74912133 $3713150 $14550000 $89604 $24195 $65409 $000 $2183607 $14550000 $77331734 $3713150 $14550000 $89604 $24195 $65409 $000 $2249016 $14550000 $79751235 $3713150 $14550000 $89604 $24195 $65409 $000 $2314424 $14550000 $82170736 $3713150 $14550000 $89604 $24195 $65409 $000 $2379833 $14550000 $845902


2 of 5 3813 837 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $14550000 $89604 $24921 $64683 $000 $2444516 $14550000 $87082338 $3824544 $14550000 $89604 $24921 $64683 $000 $2509198 $14550000 $89574439 $3824544 $14550000 $89604 $24921 $64683 $000 $2573881 $14550000 $92066540 $3824544 $14550000 $89604 $24921 $64683 $000 $2638564 $14550000 $94558641 $3824544 $14550000 $89604 $24921 $64683 $000 $2703247 $14550000 $97050742 $3824544 $14550000 $89604 $24921 $64683 $000 $2767929 $14550000 $99542843 $3824544 $14550000 $89604 $24921 $64683 $000 $2832612 $14550000 $102034944 $3824544 $14550000 $89604 $24921 $64683 $000 $2897295 $14550000 $104527045 $3824544 $14550000 $89604 $24921 $64683 $000 $2961978 $14550000 $107019146 $3824544 $14550000 $89604 $24921 $64683 $000 $3026660 $14550000 $109511247 $3824544 $14550000 $89604 $24921 $64683 $000 $3091343 $14550000 $112003348 $3824544 $14550000 $89604 $24921 $64683 $000 $3156026 $14550000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $14550000 $89604 $25669 $63935 $000 $3219961 $14550000 $117062350 $3939281 $14550000 $89604 $25669 $63935 $000 $3283896 $14550000 $119629151 $3939281 $14550000 $89604 $25669 $63935 $000 $3347831 $14550000 $122196052 $3939281 $14550000 $89604 $25669 $63935 $000 $3411766 $14550000 $124762953 $3939281 $14550000 $89604 $25669 $63935 $000 $3475701 $14550000 $127329754 $3939281 $14550000 $89604 $25669 $63935 $000 $3539637 $14550000 $129896655 $3939281 $14550000 $89604 $25669 $63935 $000 $3603572 $14550000 $132463556 $3939281 $14550000 $89604 $25669 $63935 $000 $3667507 $14550000 $135030357 $3939281 $14550000 $89604 $25669 $63935 $000 $3731442 $14550000 $137597258 $3939281 $14550000 $89604 $25669 $63935 $000 $3795377 $14550000 $140164059 $3939281 $14550000 $89604 $25669 $63935 $000 $3859312 $14550000 $142730960 $3939281 $14550000 $89604 $25669 $63935 $000 $3923247 $14550000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $14550000 $89604 $26439 $63165 $000 $3986412 $14550000 $147941662 $4057459 $14550000 $89604 $26439 $63165 $000 $4049577 $14550000 $150585563 $4057459 $14550000 $89604 $26439 $63165 $000 $4112742 $14550000 $153229464 $4057459 $14550000 $89604 $26439 $63165 $000 $4175907 $14550000 $155873365 $4057459 $14550000 $89604 $26439 $63165 $000 $4239073 $14550000 $158517166 $4057459 $14550000 $89604 $26439 $63165 $000 $4302238 $14550000 $161161067 $4057459 $14550000 $89604 $26439 $63165 $000 $4365403 $14550000 $163804968 $4057459 $14550000 $89604 $26439 $63165 $000 $4428568 $14550000 $166448769 $4057459 $14550000 $89604 $26439 $63165 $000 $4491733 $14550000 $169092670 $4057459 $14550000 $89604 $26439 $63165 $000 $4554898 $14550000 $171736571 $4057459 $14550000 $89604 $26439 $63165 $000 $4618063 $14550000 $174380372 $4057459 $14550000 $89604 $26439 $63165 $000 $4681228 $14550000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $14550000 $89604 $27232 $62372 $000 $4743600 $14550000 $179747474 $4179183 $14550000 $89604 $27232 $62372 $000 $4805972 $14550000 $182470675 $4179183 $14550000 $89604 $27232 $62372 $000 $4868344 $14550000 $185193876 $4179183 $14550000 $89604 $27232 $62372 $000 $4930716 $14550000 $187916977 $4179183 $14550000 $89604 $27232 $62372 $000 $4993087 $14550000 $190640178 $4179183 $14550000 $89604 $27232 $62372 $000 $5055459 $14550000 $193363379 $4179183 $14550000 $89604 $27232 $62372 $000 $5117831 $14550000 $196086580 $4179183 $14550000 $89604 $27232 $62372 $000 $5180203 $14550000 $198809781 $4179183 $14550000 $89604 $27232 $62372 $000 $5242575 $14550000 $201532982 $4179183 $14550000 $89604 $27232 $62372 $000 $5304947 $14550000 $204256183 $4179183 $14550000 $89604 $27232 $62372 $000 $5367319 $14550000 $2069792


3 of 5 3813 837 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $14550000 $89604 $28049 $61555 $000 $5491246 $14550000 $212507386 $4304559 $14550000 $89604 $28049 $61555 $000 $5552801 $14550000 $215312287 $4304559 $14550000 $89604 $28049 $61555 $000 $5614355 $14550000 $218117188 $4304559 $14550000 $89604 $28049 $61555 $000 $5675910 $14550000 $220922089 $4304559 $14550000 $89604 $28049 $61555 $000 $5737465 $14550000 $223726890 $4304559 $14550000 $89604 $28049 $61555 $000 $5799020 $14550000 $226531791 $4304559 $14550000 $89604 $28049 $61555 $000 $5860575 $14550000 $229336692 $4304559 $14550000 $89604 $28049 $61555 $000 $5922130 $14550000 $232141593 $4304559 $14550000 $89604 $28049 $61555 $000 $5983685 $14550000 $234946494 $4304559 $14550000 $89604 $28049 $61555 $000 $6045240 $14550000 $237751295 $4304559 $14550000 $89604 $28049 $61555 $000 $6106795 $14550000 $240556196 $4304559 $14550000 $89604 $28049 $61555 $000 $6168350 $14550000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $14550000 $89604 $28890 $60713 $000 $6229063 $14550000 $246250098 $4433695 $14550000 $89604 $28890 $60713 $000 $6289777 $14550000 $249139199 $4433695 $14550000 $89604 $28890 $60713 $000 $6350490 $14550000 $2520281

100 $4433695 $14550000 $89604 $28890 $60713 $000 $6411204 $14550000 $2549171101 $4433695 $14550000 $89604 $28890 $60713 $000 $6471917 $14550000 $2578061102 $4433695 $14550000 $89604 $28890 $60713 $000 $6532631 $14550000 $2606952103 $4433695 $14550000 $89604 $28890 $60713 $000 $6593344 $14550000 $2635842104 $4433695 $14550000 $89604 $28890 $60713 $000 $6654058 $14550000 $2664732105 $4433695 $14550000 $89604 $28890 $60713 $000 $6714771 $14550000 $2693623106 $4433695 $14550000 $89604 $28890 $60713 $000 $6775485 $14550000 $2722513107 $4433695 $14550000 $89604 $28890 $60713 $000 $6836198 $14550000 $2751403108 $4433695 $14550000 $89604 $28890 $60713 $000 $6896912 $14550000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $14550000 $89604 $29757 $59847 $000 $6956758 $14550000 $2810050110 $4566706 $14550000 $89604 $29757 $59847 $000 $7016605 $14550000 $2839807111 $4566706 $14550000 $89604 $29757 $59847 $000 $7076452 $14550000 $2869564112 $4566706 $14550000 $89604 $29757 $59847 $000 $7136299 $14550000 $2899321113 $4566706 $14550000 $89604 $29757 $59847 $000 $7196145 $14550000 $2929078114 $4566706 $14550000 $89604 $29757 $59847 $000 $7255992 $14550000 $2958835115 $4566706 $14550000 $89604 $29757 $59847 $000 $7315839 $14550000 $2988592116 $4566706 $14550000 $89604 $29757 $59847 $000 $7375686 $14550000 $3018349117 $4566706 $14550000 $89604 $29757 $59847 $000 $7435533 $14550000 $3048106118 $4566706 $14550000 $89604 $29757 $59847 $000 $7495379 $14550000 $3077863119 $4566706 $14550000 $89604 $29757 $59847 $000 $7555226 $14550000 $3107620120 $4566706 $14550000 $89604 $29757 $59847 $000 $7615073 $14550000 $3137377F $4566706 $14550000 $14550000 $7615073 $000 $3137377F $4566706 $000 $7615073 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 837 AM

Loan Forgiveness








Interest Rate

First Loan 145500 739 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 837 AM











10000



1 of 5 3813 838 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $8600000 $50382 $22806 $27575 $000 $27575 $8600000 $228062 $3500000 $8600000 $50382 $22806 $27575 $000 $55151 $8600000 $456123 $3500000 $8600000 $50382 $22806 $27575 $000 $82726 $8600000 $684194 $3500000 $8600000 $50382 $22806 $27575 $000 $110302 $8600000 $912255 $3500000 $8600000 $50382 $22806 $27575 $000 $137877 $8600000 $1140316 $3500000 $8600000 $50382 $22806 $27575 $000 $165452 $8600000 $1368387 $3500000 $8600000 $50382 $22806 $27575 $000 $193028 $8600000 $1596448 $3500000 $8600000 $50382 $22806 $27575 $000 $220603 $8600000 $1824509 $3500000 $8600000 $50382 $22806 $27575 $000 $248179 $8600000 $205256

10 $3500000 $8600000 $50382 $22806 $27575 $000 $275754 $8600000 $22806211 $3500000 $8600000 $50382 $22806 $27575 $000 $303330 $8600000 $25086912 $3500000 $8600000 $50382 $22806 $27575 $000 $330905 $8600000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $8600000 $50382 $23490 $26891 $000 $357796 $8600000 $29716514 $3605000 $8600000 $50382 $23490 $26891 $000 $384687 $8600000 $32065615 $3605000 $8600000 $50382 $23490 $26891 $000 $411579 $8600000 $34414616 $3605000 $8600000 $50382 $23490 $26891 $000 $438470 $8600000 $36763717 $3605000 $8600000 $50382 $23490 $26891 $000 $465361 $8600000 $39112718 $3605000 $8600000 $50382 $23490 $26891 $000 $492252 $8600000 $41461819 $3605000 $8600000 $50382 $23490 $26891 $000 $519144 $8600000 $43810820 $3605000 $8600000 $50382 $23490 $26891 $000 $546035 $8600000 $46159921 $3605000 $8600000 $50382 $23490 $26891 $000 $572926 $8600000 $48508922 $3605000 $8600000 $50382 $23490 $26891 $000 $599817 $8600000 $50857923 $3605000 $8600000 $50382 $23490 $26891 $000 $626709 $8600000 $53207024 $3605000 $8600000 $50382 $23490 $26891 $000 $653600 $8600000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $8600000 $50382 $24195 $26187 $000 $679786 $8600000 $57975526 $3713150 $8600000 $50382 $24195 $26187 $000 $705973 $8600000 $60395127 $3713150 $8600000 $50382 $24195 $26187 $000 $732159 $8600000 $62814628 $3713150 $8600000 $50382 $24195 $26187 $000 $758346 $8600000 $65234129 $3713150 $8600000 $50382 $24195 $26187 $000 $784532 $8600000 $67653630 $3713150 $8600000 $50382 $24195 $26187 $000 $810719 $8600000 $70073131 $3713150 $8600000 $50382 $24195 $26187 $000 $836905 $8600000 $72492632 $3713150 $8600000 $50382 $24195 $26187 $000 $863092 $8600000 $74912133 $3713150 $8600000 $50382 $24195 $26187 $000 $889278 $8600000 $77331734 $3713150 $8600000 $50382 $24195 $26187 $000 $915465 $8600000 $79751235 $3713150 $8600000 $50382 $24195 $26187 $000 $941651 $8600000 $82170736 $3713150 $8600000 $50382 $24195 $26187 $000 $967838 $8600000 $845902


2 of 5 3813 838 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $8600000 $50382 $24921 $25461 $000 $993299 $8600000 $87082338 $3824544 $8600000 $50382 $24921 $25461 $000 $1018759 $8600000 $89574439 $3824544 $8600000 $50382 $24921 $25461 $000 $1044220 $8600000 $92066540 $3824544 $8600000 $50382 $24921 $25461 $000 $1069681 $8600000 $94558641 $3824544 $8600000 $50382 $24921 $25461 $000 $1095141 $8600000 $97050742 $3824544 $8600000 $50382 $24921 $25461 $000 $1120602 $8600000 $99542843 $3824544 $8600000 $50382 $24921 $25461 $000 $1146063 $8600000 $102034944 $3824544 $8600000 $50382 $24921 $25461 $000 $1171523 $8600000 $104527045 $3824544 $8600000 $50382 $24921 $25461 $000 $1196984 $8600000 $107019146 $3824544 $8600000 $50382 $24921 $25461 $000 $1222445 $8600000 $109511247 $3824544 $8600000 $50382 $24921 $25461 $000 $1247905 $8600000 $112003348 $3824544 $8600000 $50382 $24921 $25461 $000 $1273366 $8600000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $8600000 $50382 $25669 $24713 $000 $1298079 $8600000 $117062350 $3939281 $8600000 $50382 $25669 $24713 $000 $1322792 $8600000 $119629151 $3939281 $8600000 $50382 $25669 $24713 $000 $1347505 $8600000 $122196052 $3939281 $8600000 $50382 $25669 $24713 $000 $1372218 $8600000 $124762953 $3939281 $8600000 $50382 $25669 $24713 $000 $1396931 $8600000 $127329754 $3939281 $8600000 $50382 $25669 $24713 $000 $1421644 $8600000 $129896655 $3939281 $8600000 $50382 $25669 $24713 $000 $1446357 $8600000 $132463556 $3939281 $8600000 $50382 $25669 $24713 $000 $1471070 $8600000 $135030357 $3939281 $8600000 $50382 $25669 $24713 $000 $1495783 $8600000 $137597258 $3939281 $8600000 $50382 $25669 $24713 $000 $1520496 $8600000 $140164059 $3939281 $8600000 $50382 $25669 $24713 $000 $1545209 $8600000 $142730960 $3939281 $8600000 $50382 $25669 $24713 $000 $1569922 $8600000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $8600000 $50382 $26439 $23943 $000 $1593865 $8600000 $147941662 $4057459 $8600000 $50382 $26439 $23943 $000 $1617808 $8600000 $150585563 $4057459 $8600000 $50382 $26439 $23943 $000 $1641751 $8600000 $153229464 $4057459 $8600000 $50382 $26439 $23943 $000 $1665694 $8600000 $155873365 $4057459 $8600000 $50382 $26439 $23943 $000 $1689637 $8600000 $158517166 $4057459 $8600000 $50382 $26439 $23943 $000 $1713580 $8600000 $161161067 $4057459 $8600000 $50382 $26439 $23943 $000 $1737523 $8600000 $163804968 $4057459 $8600000 $50382 $26439 $23943 $000 $1761466 $8600000 $166448769 $4057459 $8600000 $50382 $26439 $23943 $000 $1785409 $8600000 $169092670 $4057459 $8600000 $50382 $26439 $23943 $000 $1809352 $8600000 $171736571 $4057459 $8600000 $50382 $26439 $23943 $000 $1833295 $8600000 $174380372 $4057459 $8600000 $50382 $26439 $23943 $000 $1857238 $8600000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $8600000 $50382 $27232 $23150 $000 $1880388 $8600000 $179747474 $4179183 $8600000 $50382 $27232 $23150 $000 $1903538 $8600000 $182470675 $4179183 $8600000 $50382 $27232 $23150 $000 $1926687 $8600000 $185193876 $4179183 $8600000 $50382 $27232 $23150 $000 $1949837 $8600000 $187916977 $4179183 $8600000 $50382 $27232 $23150 $000 $1972987 $8600000 $190640178 $4179183 $8600000 $50382 $27232 $23150 $000 $1996137 $8600000 $193363379 $4179183 $8600000 $50382 $27232 $23150 $000 $2019287 $8600000 $196086580 $4179183 $8600000 $50382 $27232 $23150 $000 $2042436 $8600000 $198809781 $4179183 $8600000 $50382 $27232 $23150 $000 $2065586 $8600000 $201532982 $4179183 $8600000 $50382 $27232 $23150 $000 $2088736 $8600000 $204256183 $4179183 $8600000 $50382 $27232 $23150 $000 $2111886 $8600000 $2069792


3 of 5 3813 838 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12

copy 2013 by Jeffrey Hanson Education Services All rights reserved

Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39

of 2

StudentAidgov









1 Family Size

2 Family Size

3 Family Size

4 Family Size

5 Family Size

6 Family Size

7 $10000 $0 $0 $0 $0 $0 $0 $0 $15000 $0 $0 $0 $0 $0 $0 $0 $20000 $27 $0 $0 $0 $0 $0 $0 $25000 $69 $19 $0 $0 $0 $0 $0 $30000 $110 $61 $11 $0 $0 $0 $0 $35000 $152 $103 $53 $0 $0 $0 $0 $40000 $194 $144 $95 $45 $0 $0 $0 $45000 $235 $186 $136 $87 $37 $0 $0 $50000 $277 $228 $178 $129 $79 $30 $0 $55000 $319 $269 $220 $170 $121 $71 $33 $60000 $360 $311 $261 $212 $162 $113 $95 $65000 $402 $353 $303 $254 $204 $155 $105









March 2012















































10000



1 of 5 3813 837 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $14550000 $89604 $22806 $66797 $000 $66797 $14550000 $228062 $3500000 $14550000 $89604 $22806 $66797 $000 $133595 $14550000 $456123 $3500000 $14550000 $89604 $22806 $66797 $000 $200392 $14550000 $684194 $3500000 $14550000 $89604 $22806 $66797 $000 $267190 $14550000 $912255 $3500000 $14550000 $89604 $22806 $66797 $000 $333987 $14550000 $1140316 $3500000 $14550000 $89604 $22806 $66797 $000 $400785 $14550000 $1368387 $3500000 $14550000 $89604 $22806 $66797 $000 $467582 $14550000 $1596448 $3500000 $14550000 $89604 $22806 $66797 $000 $534380 $14550000 $1824509 $3500000 $14550000 $89604 $22806 $66797 $000 $601177 $14550000 $205256

10 $3500000 $14550000 $89604 $22806 $66797 $000 $667975 $14550000 $22806211 $3500000 $14550000 $89604 $22806 $66797 $000 $734773 $14550000 $25086912 $3500000 $14550000 $89604 $22806 $66797 $000 $801570 $14550000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $14550000 $89604 $23490 $66113 $000 $867683 $14550000 $29716514 $3605000 $14550000 $89604 $23490 $66113 $000 $933797 $14550000 $32065615 $3605000 $14550000 $89604 $23490 $66113 $000 $999910 $14550000 $34414616 $3605000 $14550000 $89604 $23490 $66113 $000 $1066023 $14550000 $36763717 $3605000 $14550000 $89604 $23490 $66113 $000 $1132137 $14550000 $39112718 $3605000 $14550000 $89604 $23490 $66113 $000 $1198250 $14550000 $41461819 $3605000 $14550000 $89604 $23490 $66113 $000 $1264363 $14550000 $43810820 $3605000 $14550000 $89604 $23490 $66113 $000 $1330477 $14550000 $46159921 $3605000 $14550000 $89604 $23490 $66113 $000 $1396590 $14550000 $48508922 $3605000 $14550000 $89604 $23490 $66113 $000 $1462703 $14550000 $50857923 $3605000 $14550000 $89604 $23490 $66113 $000 $1528816 $14550000 $53207024 $3605000 $14550000 $89604 $23490 $66113 $000 $1594930 $14550000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $14550000 $89604 $24195 $65409 $000 $1660338 $14550000 $57975526 $3713150 $14550000 $89604 $24195 $65409 $000 $1725747 $14550000 $60395127 $3713150 $14550000 $89604 $24195 $65409 $000 $1791156 $14550000 $62814628 $3713150 $14550000 $89604 $24195 $65409 $000 $1856564 $14550000 $65234129 $3713150 $14550000 $89604 $24195 $65409 $000 $1921973 $14550000 $67653630 $3713150 $14550000 $89604 $24195 $65409 $000 $1987381 $14550000 $70073131 $3713150 $14550000 $89604 $24195 $65409 $000 $2052790 $14550000 $72492632 $3713150 $14550000 $89604 $24195 $65409 $000 $2118199 $14550000 $74912133 $3713150 $14550000 $89604 $24195 $65409 $000 $2183607 $14550000 $77331734 $3713150 $14550000 $89604 $24195 $65409 $000 $2249016 $14550000 $79751235 $3713150 $14550000 $89604 $24195 $65409 $000 $2314424 $14550000 $82170736 $3713150 $14550000 $89604 $24195 $65409 $000 $2379833 $14550000 $845902


2 of 5 3813 837 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $14550000 $89604 $24921 $64683 $000 $2444516 $14550000 $87082338 $3824544 $14550000 $89604 $24921 $64683 $000 $2509198 $14550000 $89574439 $3824544 $14550000 $89604 $24921 $64683 $000 $2573881 $14550000 $92066540 $3824544 $14550000 $89604 $24921 $64683 $000 $2638564 $14550000 $94558641 $3824544 $14550000 $89604 $24921 $64683 $000 $2703247 $14550000 $97050742 $3824544 $14550000 $89604 $24921 $64683 $000 $2767929 $14550000 $99542843 $3824544 $14550000 $89604 $24921 $64683 $000 $2832612 $14550000 $102034944 $3824544 $14550000 $89604 $24921 $64683 $000 $2897295 $14550000 $104527045 $3824544 $14550000 $89604 $24921 $64683 $000 $2961978 $14550000 $107019146 $3824544 $14550000 $89604 $24921 $64683 $000 $3026660 $14550000 $109511247 $3824544 $14550000 $89604 $24921 $64683 $000 $3091343 $14550000 $112003348 $3824544 $14550000 $89604 $24921 $64683 $000 $3156026 $14550000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $14550000 $89604 $25669 $63935 $000 $3219961 $14550000 $117062350 $3939281 $14550000 $89604 $25669 $63935 $000 $3283896 $14550000 $119629151 $3939281 $14550000 $89604 $25669 $63935 $000 $3347831 $14550000 $122196052 $3939281 $14550000 $89604 $25669 $63935 $000 $3411766 $14550000 $124762953 $3939281 $14550000 $89604 $25669 $63935 $000 $3475701 $14550000 $127329754 $3939281 $14550000 $89604 $25669 $63935 $000 $3539637 $14550000 $129896655 $3939281 $14550000 $89604 $25669 $63935 $000 $3603572 $14550000 $132463556 $3939281 $14550000 $89604 $25669 $63935 $000 $3667507 $14550000 $135030357 $3939281 $14550000 $89604 $25669 $63935 $000 $3731442 $14550000 $137597258 $3939281 $14550000 $89604 $25669 $63935 $000 $3795377 $14550000 $140164059 $3939281 $14550000 $89604 $25669 $63935 $000 $3859312 $14550000 $142730960 $3939281 $14550000 $89604 $25669 $63935 $000 $3923247 $14550000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $14550000 $89604 $26439 $63165 $000 $3986412 $14550000 $147941662 $4057459 $14550000 $89604 $26439 $63165 $000 $4049577 $14550000 $150585563 $4057459 $14550000 $89604 $26439 $63165 $000 $4112742 $14550000 $153229464 $4057459 $14550000 $89604 $26439 $63165 $000 $4175907 $14550000 $155873365 $4057459 $14550000 $89604 $26439 $63165 $000 $4239073 $14550000 $158517166 $4057459 $14550000 $89604 $26439 $63165 $000 $4302238 $14550000 $161161067 $4057459 $14550000 $89604 $26439 $63165 $000 $4365403 $14550000 $163804968 $4057459 $14550000 $89604 $26439 $63165 $000 $4428568 $14550000 $166448769 $4057459 $14550000 $89604 $26439 $63165 $000 $4491733 $14550000 $169092670 $4057459 $14550000 $89604 $26439 $63165 $000 $4554898 $14550000 $171736571 $4057459 $14550000 $89604 $26439 $63165 $000 $4618063 $14550000 $174380372 $4057459 $14550000 $89604 $26439 $63165 $000 $4681228 $14550000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $14550000 $89604 $27232 $62372 $000 $4743600 $14550000 $179747474 $4179183 $14550000 $89604 $27232 $62372 $000 $4805972 $14550000 $182470675 $4179183 $14550000 $89604 $27232 $62372 $000 $4868344 $14550000 $185193876 $4179183 $14550000 $89604 $27232 $62372 $000 $4930716 $14550000 $187916977 $4179183 $14550000 $89604 $27232 $62372 $000 $4993087 $14550000 $190640178 $4179183 $14550000 $89604 $27232 $62372 $000 $5055459 $14550000 $193363379 $4179183 $14550000 $89604 $27232 $62372 $000 $5117831 $14550000 $196086580 $4179183 $14550000 $89604 $27232 $62372 $000 $5180203 $14550000 $198809781 $4179183 $14550000 $89604 $27232 $62372 $000 $5242575 $14550000 $201532982 $4179183 $14550000 $89604 $27232 $62372 $000 $5304947 $14550000 $204256183 $4179183 $14550000 $89604 $27232 $62372 $000 $5367319 $14550000 $2069792


3 of 5 3813 837 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $14550000 $89604 $28049 $61555 $000 $5491246 $14550000 $212507386 $4304559 $14550000 $89604 $28049 $61555 $000 $5552801 $14550000 $215312287 $4304559 $14550000 $89604 $28049 $61555 $000 $5614355 $14550000 $218117188 $4304559 $14550000 $89604 $28049 $61555 $000 $5675910 $14550000 $220922089 $4304559 $14550000 $89604 $28049 $61555 $000 $5737465 $14550000 $223726890 $4304559 $14550000 $89604 $28049 $61555 $000 $5799020 $14550000 $226531791 $4304559 $14550000 $89604 $28049 $61555 $000 $5860575 $14550000 $229336692 $4304559 $14550000 $89604 $28049 $61555 $000 $5922130 $14550000 $232141593 $4304559 $14550000 $89604 $28049 $61555 $000 $5983685 $14550000 $234946494 $4304559 $14550000 $89604 $28049 $61555 $000 $6045240 $14550000 $237751295 $4304559 $14550000 $89604 $28049 $61555 $000 $6106795 $14550000 $240556196 $4304559 $14550000 $89604 $28049 $61555 $000 $6168350 $14550000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $14550000 $89604 $28890 $60713 $000 $6229063 $14550000 $246250098 $4433695 $14550000 $89604 $28890 $60713 $000 $6289777 $14550000 $249139199 $4433695 $14550000 $89604 $28890 $60713 $000 $6350490 $14550000 $2520281

100 $4433695 $14550000 $89604 $28890 $60713 $000 $6411204 $14550000 $2549171101 $4433695 $14550000 $89604 $28890 $60713 $000 $6471917 $14550000 $2578061102 $4433695 $14550000 $89604 $28890 $60713 $000 $6532631 $14550000 $2606952103 $4433695 $14550000 $89604 $28890 $60713 $000 $6593344 $14550000 $2635842104 $4433695 $14550000 $89604 $28890 $60713 $000 $6654058 $14550000 $2664732105 $4433695 $14550000 $89604 $28890 $60713 $000 $6714771 $14550000 $2693623106 $4433695 $14550000 $89604 $28890 $60713 $000 $6775485 $14550000 $2722513107 $4433695 $14550000 $89604 $28890 $60713 $000 $6836198 $14550000 $2751403108 $4433695 $14550000 $89604 $28890 $60713 $000 $6896912 $14550000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $14550000 $89604 $29757 $59847 $000 $6956758 $14550000 $2810050110 $4566706 $14550000 $89604 $29757 $59847 $000 $7016605 $14550000 $2839807111 $4566706 $14550000 $89604 $29757 $59847 $000 $7076452 $14550000 $2869564112 $4566706 $14550000 $89604 $29757 $59847 $000 $7136299 $14550000 $2899321113 $4566706 $14550000 $89604 $29757 $59847 $000 $7196145 $14550000 $2929078114 $4566706 $14550000 $89604 $29757 $59847 $000 $7255992 $14550000 $2958835115 $4566706 $14550000 $89604 $29757 $59847 $000 $7315839 $14550000 $2988592116 $4566706 $14550000 $89604 $29757 $59847 $000 $7375686 $14550000 $3018349117 $4566706 $14550000 $89604 $29757 $59847 $000 $7435533 $14550000 $3048106118 $4566706 $14550000 $89604 $29757 $59847 $000 $7495379 $14550000 $3077863119 $4566706 $14550000 $89604 $29757 $59847 $000 $7555226 $14550000 $3107620120 $4566706 $14550000 $89604 $29757 $59847 $000 $7615073 $14550000 $3137377F $4566706 $14550000 $14550000 $7615073 $000 $3137377F $4566706 $000 $7615073 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 837 AM

Loan Forgiveness








Interest Rate

First Loan 145500 739 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 837 AM











10000



1 of 5 3813 838 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $8600000 $50382 $22806 $27575 $000 $27575 $8600000 $228062 $3500000 $8600000 $50382 $22806 $27575 $000 $55151 $8600000 $456123 $3500000 $8600000 $50382 $22806 $27575 $000 $82726 $8600000 $684194 $3500000 $8600000 $50382 $22806 $27575 $000 $110302 $8600000 $912255 $3500000 $8600000 $50382 $22806 $27575 $000 $137877 $8600000 $1140316 $3500000 $8600000 $50382 $22806 $27575 $000 $165452 $8600000 $1368387 $3500000 $8600000 $50382 $22806 $27575 $000 $193028 $8600000 $1596448 $3500000 $8600000 $50382 $22806 $27575 $000 $220603 $8600000 $1824509 $3500000 $8600000 $50382 $22806 $27575 $000 $248179 $8600000 $205256

10 $3500000 $8600000 $50382 $22806 $27575 $000 $275754 $8600000 $22806211 $3500000 $8600000 $50382 $22806 $27575 $000 $303330 $8600000 $25086912 $3500000 $8600000 $50382 $22806 $27575 $000 $330905 $8600000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $8600000 $50382 $23490 $26891 $000 $357796 $8600000 $29716514 $3605000 $8600000 $50382 $23490 $26891 $000 $384687 $8600000 $32065615 $3605000 $8600000 $50382 $23490 $26891 $000 $411579 $8600000 $34414616 $3605000 $8600000 $50382 $23490 $26891 $000 $438470 $8600000 $36763717 $3605000 $8600000 $50382 $23490 $26891 $000 $465361 $8600000 $39112718 $3605000 $8600000 $50382 $23490 $26891 $000 $492252 $8600000 $41461819 $3605000 $8600000 $50382 $23490 $26891 $000 $519144 $8600000 $43810820 $3605000 $8600000 $50382 $23490 $26891 $000 $546035 $8600000 $46159921 $3605000 $8600000 $50382 $23490 $26891 $000 $572926 $8600000 $48508922 $3605000 $8600000 $50382 $23490 $26891 $000 $599817 $8600000 $50857923 $3605000 $8600000 $50382 $23490 $26891 $000 $626709 $8600000 $53207024 $3605000 $8600000 $50382 $23490 $26891 $000 $653600 $8600000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $8600000 $50382 $24195 $26187 $000 $679786 $8600000 $57975526 $3713150 $8600000 $50382 $24195 $26187 $000 $705973 $8600000 $60395127 $3713150 $8600000 $50382 $24195 $26187 $000 $732159 $8600000 $62814628 $3713150 $8600000 $50382 $24195 $26187 $000 $758346 $8600000 $65234129 $3713150 $8600000 $50382 $24195 $26187 $000 $784532 $8600000 $67653630 $3713150 $8600000 $50382 $24195 $26187 $000 $810719 $8600000 $70073131 $3713150 $8600000 $50382 $24195 $26187 $000 $836905 $8600000 $72492632 $3713150 $8600000 $50382 $24195 $26187 $000 $863092 $8600000 $74912133 $3713150 $8600000 $50382 $24195 $26187 $000 $889278 $8600000 $77331734 $3713150 $8600000 $50382 $24195 $26187 $000 $915465 $8600000 $79751235 $3713150 $8600000 $50382 $24195 $26187 $000 $941651 $8600000 $82170736 $3713150 $8600000 $50382 $24195 $26187 $000 $967838 $8600000 $845902


2 of 5 3813 838 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $8600000 $50382 $24921 $25461 $000 $993299 $8600000 $87082338 $3824544 $8600000 $50382 $24921 $25461 $000 $1018759 $8600000 $89574439 $3824544 $8600000 $50382 $24921 $25461 $000 $1044220 $8600000 $92066540 $3824544 $8600000 $50382 $24921 $25461 $000 $1069681 $8600000 $94558641 $3824544 $8600000 $50382 $24921 $25461 $000 $1095141 $8600000 $97050742 $3824544 $8600000 $50382 $24921 $25461 $000 $1120602 $8600000 $99542843 $3824544 $8600000 $50382 $24921 $25461 $000 $1146063 $8600000 $102034944 $3824544 $8600000 $50382 $24921 $25461 $000 $1171523 $8600000 $104527045 $3824544 $8600000 $50382 $24921 $25461 $000 $1196984 $8600000 $107019146 $3824544 $8600000 $50382 $24921 $25461 $000 $1222445 $8600000 $109511247 $3824544 $8600000 $50382 $24921 $25461 $000 $1247905 $8600000 $112003348 $3824544 $8600000 $50382 $24921 $25461 $000 $1273366 $8600000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $8600000 $50382 $25669 $24713 $000 $1298079 $8600000 $117062350 $3939281 $8600000 $50382 $25669 $24713 $000 $1322792 $8600000 $119629151 $3939281 $8600000 $50382 $25669 $24713 $000 $1347505 $8600000 $122196052 $3939281 $8600000 $50382 $25669 $24713 $000 $1372218 $8600000 $124762953 $3939281 $8600000 $50382 $25669 $24713 $000 $1396931 $8600000 $127329754 $3939281 $8600000 $50382 $25669 $24713 $000 $1421644 $8600000 $129896655 $3939281 $8600000 $50382 $25669 $24713 $000 $1446357 $8600000 $132463556 $3939281 $8600000 $50382 $25669 $24713 $000 $1471070 $8600000 $135030357 $3939281 $8600000 $50382 $25669 $24713 $000 $1495783 $8600000 $137597258 $3939281 $8600000 $50382 $25669 $24713 $000 $1520496 $8600000 $140164059 $3939281 $8600000 $50382 $25669 $24713 $000 $1545209 $8600000 $142730960 $3939281 $8600000 $50382 $25669 $24713 $000 $1569922 $8600000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $8600000 $50382 $26439 $23943 $000 $1593865 $8600000 $147941662 $4057459 $8600000 $50382 $26439 $23943 $000 $1617808 $8600000 $150585563 $4057459 $8600000 $50382 $26439 $23943 $000 $1641751 $8600000 $153229464 $4057459 $8600000 $50382 $26439 $23943 $000 $1665694 $8600000 $155873365 $4057459 $8600000 $50382 $26439 $23943 $000 $1689637 $8600000 $158517166 $4057459 $8600000 $50382 $26439 $23943 $000 $1713580 $8600000 $161161067 $4057459 $8600000 $50382 $26439 $23943 $000 $1737523 $8600000 $163804968 $4057459 $8600000 $50382 $26439 $23943 $000 $1761466 $8600000 $166448769 $4057459 $8600000 $50382 $26439 $23943 $000 $1785409 $8600000 $169092670 $4057459 $8600000 $50382 $26439 $23943 $000 $1809352 $8600000 $171736571 $4057459 $8600000 $50382 $26439 $23943 $000 $1833295 $8600000 $174380372 $4057459 $8600000 $50382 $26439 $23943 $000 $1857238 $8600000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $8600000 $50382 $27232 $23150 $000 $1880388 $8600000 $179747474 $4179183 $8600000 $50382 $27232 $23150 $000 $1903538 $8600000 $182470675 $4179183 $8600000 $50382 $27232 $23150 $000 $1926687 $8600000 $185193876 $4179183 $8600000 $50382 $27232 $23150 $000 $1949837 $8600000 $187916977 $4179183 $8600000 $50382 $27232 $23150 $000 $1972987 $8600000 $190640178 $4179183 $8600000 $50382 $27232 $23150 $000 $1996137 $8600000 $193363379 $4179183 $8600000 $50382 $27232 $23150 $000 $2019287 $8600000 $196086580 $4179183 $8600000 $50382 $27232 $23150 $000 $2042436 $8600000 $198809781 $4179183 $8600000 $50382 $27232 $23150 $000 $2065586 $8600000 $201532982 $4179183 $8600000 $50382 $27232 $23150 $000 $2088736 $8600000 $204256183 $4179183 $8600000 $50382 $27232 $23150 $000 $2111886 $8600000 $2069792


3 of 5 3813 838 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39



March 2012















































10000



1 of 5 3813 837 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $14550000 $89604 $22806 $66797 $000 $66797 $14550000 $228062 $3500000 $14550000 $89604 $22806 $66797 $000 $133595 $14550000 $456123 $3500000 $14550000 $89604 $22806 $66797 $000 $200392 $14550000 $684194 $3500000 $14550000 $89604 $22806 $66797 $000 $267190 $14550000 $912255 $3500000 $14550000 $89604 $22806 $66797 $000 $333987 $14550000 $1140316 $3500000 $14550000 $89604 $22806 $66797 $000 $400785 $14550000 $1368387 $3500000 $14550000 $89604 $22806 $66797 $000 $467582 $14550000 $1596448 $3500000 $14550000 $89604 $22806 $66797 $000 $534380 $14550000 $1824509 $3500000 $14550000 $89604 $22806 $66797 $000 $601177 $14550000 $205256

10 $3500000 $14550000 $89604 $22806 $66797 $000 $667975 $14550000 $22806211 $3500000 $14550000 $89604 $22806 $66797 $000 $734773 $14550000 $25086912 $3500000 $14550000 $89604 $22806 $66797 $000 $801570 $14550000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $14550000 $89604 $23490 $66113 $000 $867683 $14550000 $29716514 $3605000 $14550000 $89604 $23490 $66113 $000 $933797 $14550000 $32065615 $3605000 $14550000 $89604 $23490 $66113 $000 $999910 $14550000 $34414616 $3605000 $14550000 $89604 $23490 $66113 $000 $1066023 $14550000 $36763717 $3605000 $14550000 $89604 $23490 $66113 $000 $1132137 $14550000 $39112718 $3605000 $14550000 $89604 $23490 $66113 $000 $1198250 $14550000 $41461819 $3605000 $14550000 $89604 $23490 $66113 $000 $1264363 $14550000 $43810820 $3605000 $14550000 $89604 $23490 $66113 $000 $1330477 $14550000 $46159921 $3605000 $14550000 $89604 $23490 $66113 $000 $1396590 $14550000 $48508922 $3605000 $14550000 $89604 $23490 $66113 $000 $1462703 $14550000 $50857923 $3605000 $14550000 $89604 $23490 $66113 $000 $1528816 $14550000 $53207024 $3605000 $14550000 $89604 $23490 $66113 $000 $1594930 $14550000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $14550000 $89604 $24195 $65409 $000 $1660338 $14550000 $57975526 $3713150 $14550000 $89604 $24195 $65409 $000 $1725747 $14550000 $60395127 $3713150 $14550000 $89604 $24195 $65409 $000 $1791156 $14550000 $62814628 $3713150 $14550000 $89604 $24195 $65409 $000 $1856564 $14550000 $65234129 $3713150 $14550000 $89604 $24195 $65409 $000 $1921973 $14550000 $67653630 $3713150 $14550000 $89604 $24195 $65409 $000 $1987381 $14550000 $70073131 $3713150 $14550000 $89604 $24195 $65409 $000 $2052790 $14550000 $72492632 $3713150 $14550000 $89604 $24195 $65409 $000 $2118199 $14550000 $74912133 $3713150 $14550000 $89604 $24195 $65409 $000 $2183607 $14550000 $77331734 $3713150 $14550000 $89604 $24195 $65409 $000 $2249016 $14550000 $79751235 $3713150 $14550000 $89604 $24195 $65409 $000 $2314424 $14550000 $82170736 $3713150 $14550000 $89604 $24195 $65409 $000 $2379833 $14550000 $845902


2 of 5 3813 837 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $14550000 $89604 $24921 $64683 $000 $2444516 $14550000 $87082338 $3824544 $14550000 $89604 $24921 $64683 $000 $2509198 $14550000 $89574439 $3824544 $14550000 $89604 $24921 $64683 $000 $2573881 $14550000 $92066540 $3824544 $14550000 $89604 $24921 $64683 $000 $2638564 $14550000 $94558641 $3824544 $14550000 $89604 $24921 $64683 $000 $2703247 $14550000 $97050742 $3824544 $14550000 $89604 $24921 $64683 $000 $2767929 $14550000 $99542843 $3824544 $14550000 $89604 $24921 $64683 $000 $2832612 $14550000 $102034944 $3824544 $14550000 $89604 $24921 $64683 $000 $2897295 $14550000 $104527045 $3824544 $14550000 $89604 $24921 $64683 $000 $2961978 $14550000 $107019146 $3824544 $14550000 $89604 $24921 $64683 $000 $3026660 $14550000 $109511247 $3824544 $14550000 $89604 $24921 $64683 $000 $3091343 $14550000 $112003348 $3824544 $14550000 $89604 $24921 $64683 $000 $3156026 $14550000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $14550000 $89604 $25669 $63935 $000 $3219961 $14550000 $117062350 $3939281 $14550000 $89604 $25669 $63935 $000 $3283896 $14550000 $119629151 $3939281 $14550000 $89604 $25669 $63935 $000 $3347831 $14550000 $122196052 $3939281 $14550000 $89604 $25669 $63935 $000 $3411766 $14550000 $124762953 $3939281 $14550000 $89604 $25669 $63935 $000 $3475701 $14550000 $127329754 $3939281 $14550000 $89604 $25669 $63935 $000 $3539637 $14550000 $129896655 $3939281 $14550000 $89604 $25669 $63935 $000 $3603572 $14550000 $132463556 $3939281 $14550000 $89604 $25669 $63935 $000 $3667507 $14550000 $135030357 $3939281 $14550000 $89604 $25669 $63935 $000 $3731442 $14550000 $137597258 $3939281 $14550000 $89604 $25669 $63935 $000 $3795377 $14550000 $140164059 $3939281 $14550000 $89604 $25669 $63935 $000 $3859312 $14550000 $142730960 $3939281 $14550000 $89604 $25669 $63935 $000 $3923247 $14550000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $14550000 $89604 $26439 $63165 $000 $3986412 $14550000 $147941662 $4057459 $14550000 $89604 $26439 $63165 $000 $4049577 $14550000 $150585563 $4057459 $14550000 $89604 $26439 $63165 $000 $4112742 $14550000 $153229464 $4057459 $14550000 $89604 $26439 $63165 $000 $4175907 $14550000 $155873365 $4057459 $14550000 $89604 $26439 $63165 $000 $4239073 $14550000 $158517166 $4057459 $14550000 $89604 $26439 $63165 $000 $4302238 $14550000 $161161067 $4057459 $14550000 $89604 $26439 $63165 $000 $4365403 $14550000 $163804968 $4057459 $14550000 $89604 $26439 $63165 $000 $4428568 $14550000 $166448769 $4057459 $14550000 $89604 $26439 $63165 $000 $4491733 $14550000 $169092670 $4057459 $14550000 $89604 $26439 $63165 $000 $4554898 $14550000 $171736571 $4057459 $14550000 $89604 $26439 $63165 $000 $4618063 $14550000 $174380372 $4057459 $14550000 $89604 $26439 $63165 $000 $4681228 $14550000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $14550000 $89604 $27232 $62372 $000 $4743600 $14550000 $179747474 $4179183 $14550000 $89604 $27232 $62372 $000 $4805972 $14550000 $182470675 $4179183 $14550000 $89604 $27232 $62372 $000 $4868344 $14550000 $185193876 $4179183 $14550000 $89604 $27232 $62372 $000 $4930716 $14550000 $187916977 $4179183 $14550000 $89604 $27232 $62372 $000 $4993087 $14550000 $190640178 $4179183 $14550000 $89604 $27232 $62372 $000 $5055459 $14550000 $193363379 $4179183 $14550000 $89604 $27232 $62372 $000 $5117831 $14550000 $196086580 $4179183 $14550000 $89604 $27232 $62372 $000 $5180203 $14550000 $198809781 $4179183 $14550000 $89604 $27232 $62372 $000 $5242575 $14550000 $201532982 $4179183 $14550000 $89604 $27232 $62372 $000 $5304947 $14550000 $204256183 $4179183 $14550000 $89604 $27232 $62372 $000 $5367319 $14550000 $2069792


3 of 5 3813 837 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $14550000 $89604 $28049 $61555 $000 $5491246 $14550000 $212507386 $4304559 $14550000 $89604 $28049 $61555 $000 $5552801 $14550000 $215312287 $4304559 $14550000 $89604 $28049 $61555 $000 $5614355 $14550000 $218117188 $4304559 $14550000 $89604 $28049 $61555 $000 $5675910 $14550000 $220922089 $4304559 $14550000 $89604 $28049 $61555 $000 $5737465 $14550000 $223726890 $4304559 $14550000 $89604 $28049 $61555 $000 $5799020 $14550000 $226531791 $4304559 $14550000 $89604 $28049 $61555 $000 $5860575 $14550000 $229336692 $4304559 $14550000 $89604 $28049 $61555 $000 $5922130 $14550000 $232141593 $4304559 $14550000 $89604 $28049 $61555 $000 $5983685 $14550000 $234946494 $4304559 $14550000 $89604 $28049 $61555 $000 $6045240 $14550000 $237751295 $4304559 $14550000 $89604 $28049 $61555 $000 $6106795 $14550000 $240556196 $4304559 $14550000 $89604 $28049 $61555 $000 $6168350 $14550000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $14550000 $89604 $28890 $60713 $000 $6229063 $14550000 $246250098 $4433695 $14550000 $89604 $28890 $60713 $000 $6289777 $14550000 $249139199 $4433695 $14550000 $89604 $28890 $60713 $000 $6350490 $14550000 $2520281

100 $4433695 $14550000 $89604 $28890 $60713 $000 $6411204 $14550000 $2549171101 $4433695 $14550000 $89604 $28890 $60713 $000 $6471917 $14550000 $2578061102 $4433695 $14550000 $89604 $28890 $60713 $000 $6532631 $14550000 $2606952103 $4433695 $14550000 $89604 $28890 $60713 $000 $6593344 $14550000 $2635842104 $4433695 $14550000 $89604 $28890 $60713 $000 $6654058 $14550000 $2664732105 $4433695 $14550000 $89604 $28890 $60713 $000 $6714771 $14550000 $2693623106 $4433695 $14550000 $89604 $28890 $60713 $000 $6775485 $14550000 $2722513107 $4433695 $14550000 $89604 $28890 $60713 $000 $6836198 $14550000 $2751403108 $4433695 $14550000 $89604 $28890 $60713 $000 $6896912 $14550000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $14550000 $89604 $29757 $59847 $000 $6956758 $14550000 $2810050110 $4566706 $14550000 $89604 $29757 $59847 $000 $7016605 $14550000 $2839807111 $4566706 $14550000 $89604 $29757 $59847 $000 $7076452 $14550000 $2869564112 $4566706 $14550000 $89604 $29757 $59847 $000 $7136299 $14550000 $2899321113 $4566706 $14550000 $89604 $29757 $59847 $000 $7196145 $14550000 $2929078114 $4566706 $14550000 $89604 $29757 $59847 $000 $7255992 $14550000 $2958835115 $4566706 $14550000 $89604 $29757 $59847 $000 $7315839 $14550000 $2988592116 $4566706 $14550000 $89604 $29757 $59847 $000 $7375686 $14550000 $3018349117 $4566706 $14550000 $89604 $29757 $59847 $000 $7435533 $14550000 $3048106118 $4566706 $14550000 $89604 $29757 $59847 $000 $7495379 $14550000 $3077863119 $4566706 $14550000 $89604 $29757 $59847 $000 $7555226 $14550000 $3107620120 $4566706 $14550000 $89604 $29757 $59847 $000 $7615073 $14550000 $3137377F $4566706 $14550000 $14550000 $7615073 $000 $3137377F $4566706 $000 $7615073 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 837 AM

Loan Forgiveness








Interest Rate

First Loan 145500 739 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 837 AM











10000



1 of 5 3813 838 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $8600000 $50382 $22806 $27575 $000 $27575 $8600000 $228062 $3500000 $8600000 $50382 $22806 $27575 $000 $55151 $8600000 $456123 $3500000 $8600000 $50382 $22806 $27575 $000 $82726 $8600000 $684194 $3500000 $8600000 $50382 $22806 $27575 $000 $110302 $8600000 $912255 $3500000 $8600000 $50382 $22806 $27575 $000 $137877 $8600000 $1140316 $3500000 $8600000 $50382 $22806 $27575 $000 $165452 $8600000 $1368387 $3500000 $8600000 $50382 $22806 $27575 $000 $193028 $8600000 $1596448 $3500000 $8600000 $50382 $22806 $27575 $000 $220603 $8600000 $1824509 $3500000 $8600000 $50382 $22806 $27575 $000 $248179 $8600000 $205256

10 $3500000 $8600000 $50382 $22806 $27575 $000 $275754 $8600000 $22806211 $3500000 $8600000 $50382 $22806 $27575 $000 $303330 $8600000 $25086912 $3500000 $8600000 $50382 $22806 $27575 $000 $330905 $8600000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $8600000 $50382 $23490 $26891 $000 $357796 $8600000 $29716514 $3605000 $8600000 $50382 $23490 $26891 $000 $384687 $8600000 $32065615 $3605000 $8600000 $50382 $23490 $26891 $000 $411579 $8600000 $34414616 $3605000 $8600000 $50382 $23490 $26891 $000 $438470 $8600000 $36763717 $3605000 $8600000 $50382 $23490 $26891 $000 $465361 $8600000 $39112718 $3605000 $8600000 $50382 $23490 $26891 $000 $492252 $8600000 $41461819 $3605000 $8600000 $50382 $23490 $26891 $000 $519144 $8600000 $43810820 $3605000 $8600000 $50382 $23490 $26891 $000 $546035 $8600000 $46159921 $3605000 $8600000 $50382 $23490 $26891 $000 $572926 $8600000 $48508922 $3605000 $8600000 $50382 $23490 $26891 $000 $599817 $8600000 $50857923 $3605000 $8600000 $50382 $23490 $26891 $000 $626709 $8600000 $53207024 $3605000 $8600000 $50382 $23490 $26891 $000 $653600 $8600000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $8600000 $50382 $24195 $26187 $000 $679786 $8600000 $57975526 $3713150 $8600000 $50382 $24195 $26187 $000 $705973 $8600000 $60395127 $3713150 $8600000 $50382 $24195 $26187 $000 $732159 $8600000 $62814628 $3713150 $8600000 $50382 $24195 $26187 $000 $758346 $8600000 $65234129 $3713150 $8600000 $50382 $24195 $26187 $000 $784532 $8600000 $67653630 $3713150 $8600000 $50382 $24195 $26187 $000 $810719 $8600000 $70073131 $3713150 $8600000 $50382 $24195 $26187 $000 $836905 $8600000 $72492632 $3713150 $8600000 $50382 $24195 $26187 $000 $863092 $8600000 $74912133 $3713150 $8600000 $50382 $24195 $26187 $000 $889278 $8600000 $77331734 $3713150 $8600000 $50382 $24195 $26187 $000 $915465 $8600000 $79751235 $3713150 $8600000 $50382 $24195 $26187 $000 $941651 $8600000 $82170736 $3713150 $8600000 $50382 $24195 $26187 $000 $967838 $8600000 $845902


2 of 5 3813 838 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $8600000 $50382 $24921 $25461 $000 $993299 $8600000 $87082338 $3824544 $8600000 $50382 $24921 $25461 $000 $1018759 $8600000 $89574439 $3824544 $8600000 $50382 $24921 $25461 $000 $1044220 $8600000 $92066540 $3824544 $8600000 $50382 $24921 $25461 $000 $1069681 $8600000 $94558641 $3824544 $8600000 $50382 $24921 $25461 $000 $1095141 $8600000 $97050742 $3824544 $8600000 $50382 $24921 $25461 $000 $1120602 $8600000 $99542843 $3824544 $8600000 $50382 $24921 $25461 $000 $1146063 $8600000 $102034944 $3824544 $8600000 $50382 $24921 $25461 $000 $1171523 $8600000 $104527045 $3824544 $8600000 $50382 $24921 $25461 $000 $1196984 $8600000 $107019146 $3824544 $8600000 $50382 $24921 $25461 $000 $1222445 $8600000 $109511247 $3824544 $8600000 $50382 $24921 $25461 $000 $1247905 $8600000 $112003348 $3824544 $8600000 $50382 $24921 $25461 $000 $1273366 $8600000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $8600000 $50382 $25669 $24713 $000 $1298079 $8600000 $117062350 $3939281 $8600000 $50382 $25669 $24713 $000 $1322792 $8600000 $119629151 $3939281 $8600000 $50382 $25669 $24713 $000 $1347505 $8600000 $122196052 $3939281 $8600000 $50382 $25669 $24713 $000 $1372218 $8600000 $124762953 $3939281 $8600000 $50382 $25669 $24713 $000 $1396931 $8600000 $127329754 $3939281 $8600000 $50382 $25669 $24713 $000 $1421644 $8600000 $129896655 $3939281 $8600000 $50382 $25669 $24713 $000 $1446357 $8600000 $132463556 $3939281 $8600000 $50382 $25669 $24713 $000 $1471070 $8600000 $135030357 $3939281 $8600000 $50382 $25669 $24713 $000 $1495783 $8600000 $137597258 $3939281 $8600000 $50382 $25669 $24713 $000 $1520496 $8600000 $140164059 $3939281 $8600000 $50382 $25669 $24713 $000 $1545209 $8600000 $142730960 $3939281 $8600000 $50382 $25669 $24713 $000 $1569922 $8600000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $8600000 $50382 $26439 $23943 $000 $1593865 $8600000 $147941662 $4057459 $8600000 $50382 $26439 $23943 $000 $1617808 $8600000 $150585563 $4057459 $8600000 $50382 $26439 $23943 $000 $1641751 $8600000 $153229464 $4057459 $8600000 $50382 $26439 $23943 $000 $1665694 $8600000 $155873365 $4057459 $8600000 $50382 $26439 $23943 $000 $1689637 $8600000 $158517166 $4057459 $8600000 $50382 $26439 $23943 $000 $1713580 $8600000 $161161067 $4057459 $8600000 $50382 $26439 $23943 $000 $1737523 $8600000 $163804968 $4057459 $8600000 $50382 $26439 $23943 $000 $1761466 $8600000 $166448769 $4057459 $8600000 $50382 $26439 $23943 $000 $1785409 $8600000 $169092670 $4057459 $8600000 $50382 $26439 $23943 $000 $1809352 $8600000 $171736571 $4057459 $8600000 $50382 $26439 $23943 $000 $1833295 $8600000 $174380372 $4057459 $8600000 $50382 $26439 $23943 $000 $1857238 $8600000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $8600000 $50382 $27232 $23150 $000 $1880388 $8600000 $179747474 $4179183 $8600000 $50382 $27232 $23150 $000 $1903538 $8600000 $182470675 $4179183 $8600000 $50382 $27232 $23150 $000 $1926687 $8600000 $185193876 $4179183 $8600000 $50382 $27232 $23150 $000 $1949837 $8600000 $187916977 $4179183 $8600000 $50382 $27232 $23150 $000 $1972987 $8600000 $190640178 $4179183 $8600000 $50382 $27232 $23150 $000 $1996137 $8600000 $193363379 $4179183 $8600000 $50382 $27232 $23150 $000 $2019287 $8600000 $196086580 $4179183 $8600000 $50382 $27232 $23150 $000 $2042436 $8600000 $198809781 $4179183 $8600000 $50382 $27232 $23150 $000 $2065586 $8600000 $201532982 $4179183 $8600000 $50382 $27232 $23150 $000 $2088736 $8600000 $204256183 $4179183 $8600000 $50382 $27232 $23150 $000 $2111886 $8600000 $2069792


3 of 5 3813 838 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39































10000



1 of 5 3813 837 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $14550000 $89604 $22806 $66797 $000 $66797 $14550000 $228062 $3500000 $14550000 $89604 $22806 $66797 $000 $133595 $14550000 $456123 $3500000 $14550000 $89604 $22806 $66797 $000 $200392 $14550000 $684194 $3500000 $14550000 $89604 $22806 $66797 $000 $267190 $14550000 $912255 $3500000 $14550000 $89604 $22806 $66797 $000 $333987 $14550000 $1140316 $3500000 $14550000 $89604 $22806 $66797 $000 $400785 $14550000 $1368387 $3500000 $14550000 $89604 $22806 $66797 $000 $467582 $14550000 $1596448 $3500000 $14550000 $89604 $22806 $66797 $000 $534380 $14550000 $1824509 $3500000 $14550000 $89604 $22806 $66797 $000 $601177 $14550000 $205256

10 $3500000 $14550000 $89604 $22806 $66797 $000 $667975 $14550000 $22806211 $3500000 $14550000 $89604 $22806 $66797 $000 $734773 $14550000 $25086912 $3500000 $14550000 $89604 $22806 $66797 $000 $801570 $14550000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $14550000 $89604 $23490 $66113 $000 $867683 $14550000 $29716514 $3605000 $14550000 $89604 $23490 $66113 $000 $933797 $14550000 $32065615 $3605000 $14550000 $89604 $23490 $66113 $000 $999910 $14550000 $34414616 $3605000 $14550000 $89604 $23490 $66113 $000 $1066023 $14550000 $36763717 $3605000 $14550000 $89604 $23490 $66113 $000 $1132137 $14550000 $39112718 $3605000 $14550000 $89604 $23490 $66113 $000 $1198250 $14550000 $41461819 $3605000 $14550000 $89604 $23490 $66113 $000 $1264363 $14550000 $43810820 $3605000 $14550000 $89604 $23490 $66113 $000 $1330477 $14550000 $46159921 $3605000 $14550000 $89604 $23490 $66113 $000 $1396590 $14550000 $48508922 $3605000 $14550000 $89604 $23490 $66113 $000 $1462703 $14550000 $50857923 $3605000 $14550000 $89604 $23490 $66113 $000 $1528816 $14550000 $53207024 $3605000 $14550000 $89604 $23490 $66113 $000 $1594930 $14550000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $14550000 $89604 $24195 $65409 $000 $1660338 $14550000 $57975526 $3713150 $14550000 $89604 $24195 $65409 $000 $1725747 $14550000 $60395127 $3713150 $14550000 $89604 $24195 $65409 $000 $1791156 $14550000 $62814628 $3713150 $14550000 $89604 $24195 $65409 $000 $1856564 $14550000 $65234129 $3713150 $14550000 $89604 $24195 $65409 $000 $1921973 $14550000 $67653630 $3713150 $14550000 $89604 $24195 $65409 $000 $1987381 $14550000 $70073131 $3713150 $14550000 $89604 $24195 $65409 $000 $2052790 $14550000 $72492632 $3713150 $14550000 $89604 $24195 $65409 $000 $2118199 $14550000 $74912133 $3713150 $14550000 $89604 $24195 $65409 $000 $2183607 $14550000 $77331734 $3713150 $14550000 $89604 $24195 $65409 $000 $2249016 $14550000 $79751235 $3713150 $14550000 $89604 $24195 $65409 $000 $2314424 $14550000 $82170736 $3713150 $14550000 $89604 $24195 $65409 $000 $2379833 $14550000 $845902


2 of 5 3813 837 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $14550000 $89604 $24921 $64683 $000 $2444516 $14550000 $87082338 $3824544 $14550000 $89604 $24921 $64683 $000 $2509198 $14550000 $89574439 $3824544 $14550000 $89604 $24921 $64683 $000 $2573881 $14550000 $92066540 $3824544 $14550000 $89604 $24921 $64683 $000 $2638564 $14550000 $94558641 $3824544 $14550000 $89604 $24921 $64683 $000 $2703247 $14550000 $97050742 $3824544 $14550000 $89604 $24921 $64683 $000 $2767929 $14550000 $99542843 $3824544 $14550000 $89604 $24921 $64683 $000 $2832612 $14550000 $102034944 $3824544 $14550000 $89604 $24921 $64683 $000 $2897295 $14550000 $104527045 $3824544 $14550000 $89604 $24921 $64683 $000 $2961978 $14550000 $107019146 $3824544 $14550000 $89604 $24921 $64683 $000 $3026660 $14550000 $109511247 $3824544 $14550000 $89604 $24921 $64683 $000 $3091343 $14550000 $112003348 $3824544 $14550000 $89604 $24921 $64683 $000 $3156026 $14550000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $14550000 $89604 $25669 $63935 $000 $3219961 $14550000 $117062350 $3939281 $14550000 $89604 $25669 $63935 $000 $3283896 $14550000 $119629151 $3939281 $14550000 $89604 $25669 $63935 $000 $3347831 $14550000 $122196052 $3939281 $14550000 $89604 $25669 $63935 $000 $3411766 $14550000 $124762953 $3939281 $14550000 $89604 $25669 $63935 $000 $3475701 $14550000 $127329754 $3939281 $14550000 $89604 $25669 $63935 $000 $3539637 $14550000 $129896655 $3939281 $14550000 $89604 $25669 $63935 $000 $3603572 $14550000 $132463556 $3939281 $14550000 $89604 $25669 $63935 $000 $3667507 $14550000 $135030357 $3939281 $14550000 $89604 $25669 $63935 $000 $3731442 $14550000 $137597258 $3939281 $14550000 $89604 $25669 $63935 $000 $3795377 $14550000 $140164059 $3939281 $14550000 $89604 $25669 $63935 $000 $3859312 $14550000 $142730960 $3939281 $14550000 $89604 $25669 $63935 $000 $3923247 $14550000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $14550000 $89604 $26439 $63165 $000 $3986412 $14550000 $147941662 $4057459 $14550000 $89604 $26439 $63165 $000 $4049577 $14550000 $150585563 $4057459 $14550000 $89604 $26439 $63165 $000 $4112742 $14550000 $153229464 $4057459 $14550000 $89604 $26439 $63165 $000 $4175907 $14550000 $155873365 $4057459 $14550000 $89604 $26439 $63165 $000 $4239073 $14550000 $158517166 $4057459 $14550000 $89604 $26439 $63165 $000 $4302238 $14550000 $161161067 $4057459 $14550000 $89604 $26439 $63165 $000 $4365403 $14550000 $163804968 $4057459 $14550000 $89604 $26439 $63165 $000 $4428568 $14550000 $166448769 $4057459 $14550000 $89604 $26439 $63165 $000 $4491733 $14550000 $169092670 $4057459 $14550000 $89604 $26439 $63165 $000 $4554898 $14550000 $171736571 $4057459 $14550000 $89604 $26439 $63165 $000 $4618063 $14550000 $174380372 $4057459 $14550000 $89604 $26439 $63165 $000 $4681228 $14550000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $14550000 $89604 $27232 $62372 $000 $4743600 $14550000 $179747474 $4179183 $14550000 $89604 $27232 $62372 $000 $4805972 $14550000 $182470675 $4179183 $14550000 $89604 $27232 $62372 $000 $4868344 $14550000 $185193876 $4179183 $14550000 $89604 $27232 $62372 $000 $4930716 $14550000 $187916977 $4179183 $14550000 $89604 $27232 $62372 $000 $4993087 $14550000 $190640178 $4179183 $14550000 $89604 $27232 $62372 $000 $5055459 $14550000 $193363379 $4179183 $14550000 $89604 $27232 $62372 $000 $5117831 $14550000 $196086580 $4179183 $14550000 $89604 $27232 $62372 $000 $5180203 $14550000 $198809781 $4179183 $14550000 $89604 $27232 $62372 $000 $5242575 $14550000 $201532982 $4179183 $14550000 $89604 $27232 $62372 $000 $5304947 $14550000 $204256183 $4179183 $14550000 $89604 $27232 $62372 $000 $5367319 $14550000 $2069792


3 of 5 3813 837 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $14550000 $89604 $28049 $61555 $000 $5491246 $14550000 $212507386 $4304559 $14550000 $89604 $28049 $61555 $000 $5552801 $14550000 $215312287 $4304559 $14550000 $89604 $28049 $61555 $000 $5614355 $14550000 $218117188 $4304559 $14550000 $89604 $28049 $61555 $000 $5675910 $14550000 $220922089 $4304559 $14550000 $89604 $28049 $61555 $000 $5737465 $14550000 $223726890 $4304559 $14550000 $89604 $28049 $61555 $000 $5799020 $14550000 $226531791 $4304559 $14550000 $89604 $28049 $61555 $000 $5860575 $14550000 $229336692 $4304559 $14550000 $89604 $28049 $61555 $000 $5922130 $14550000 $232141593 $4304559 $14550000 $89604 $28049 $61555 $000 $5983685 $14550000 $234946494 $4304559 $14550000 $89604 $28049 $61555 $000 $6045240 $14550000 $237751295 $4304559 $14550000 $89604 $28049 $61555 $000 $6106795 $14550000 $240556196 $4304559 $14550000 $89604 $28049 $61555 $000 $6168350 $14550000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $14550000 $89604 $28890 $60713 $000 $6229063 $14550000 $246250098 $4433695 $14550000 $89604 $28890 $60713 $000 $6289777 $14550000 $249139199 $4433695 $14550000 $89604 $28890 $60713 $000 $6350490 $14550000 $2520281

100 $4433695 $14550000 $89604 $28890 $60713 $000 $6411204 $14550000 $2549171101 $4433695 $14550000 $89604 $28890 $60713 $000 $6471917 $14550000 $2578061102 $4433695 $14550000 $89604 $28890 $60713 $000 $6532631 $14550000 $2606952103 $4433695 $14550000 $89604 $28890 $60713 $000 $6593344 $14550000 $2635842104 $4433695 $14550000 $89604 $28890 $60713 $000 $6654058 $14550000 $2664732105 $4433695 $14550000 $89604 $28890 $60713 $000 $6714771 $14550000 $2693623106 $4433695 $14550000 $89604 $28890 $60713 $000 $6775485 $14550000 $2722513107 $4433695 $14550000 $89604 $28890 $60713 $000 $6836198 $14550000 $2751403108 $4433695 $14550000 $89604 $28890 $60713 $000 $6896912 $14550000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $14550000 $89604 $29757 $59847 $000 $6956758 $14550000 $2810050110 $4566706 $14550000 $89604 $29757 $59847 $000 $7016605 $14550000 $2839807111 $4566706 $14550000 $89604 $29757 $59847 $000 $7076452 $14550000 $2869564112 $4566706 $14550000 $89604 $29757 $59847 $000 $7136299 $14550000 $2899321113 $4566706 $14550000 $89604 $29757 $59847 $000 $7196145 $14550000 $2929078114 $4566706 $14550000 $89604 $29757 $59847 $000 $7255992 $14550000 $2958835115 $4566706 $14550000 $89604 $29757 $59847 $000 $7315839 $14550000 $2988592116 $4566706 $14550000 $89604 $29757 $59847 $000 $7375686 $14550000 $3018349117 $4566706 $14550000 $89604 $29757 $59847 $000 $7435533 $14550000 $3048106118 $4566706 $14550000 $89604 $29757 $59847 $000 $7495379 $14550000 $3077863119 $4566706 $14550000 $89604 $29757 $59847 $000 $7555226 $14550000 $3107620120 $4566706 $14550000 $89604 $29757 $59847 $000 $7615073 $14550000 $3137377F $4566706 $14550000 $14550000 $7615073 $000 $3137377F $4566706 $000 $7615073 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 837 AM

Loan Forgiveness








Interest Rate

First Loan 145500 739 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 837 AM











10000



1 of 5 3813 838 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $8600000 $50382 $22806 $27575 $000 $27575 $8600000 $228062 $3500000 $8600000 $50382 $22806 $27575 $000 $55151 $8600000 $456123 $3500000 $8600000 $50382 $22806 $27575 $000 $82726 $8600000 $684194 $3500000 $8600000 $50382 $22806 $27575 $000 $110302 $8600000 $912255 $3500000 $8600000 $50382 $22806 $27575 $000 $137877 $8600000 $1140316 $3500000 $8600000 $50382 $22806 $27575 $000 $165452 $8600000 $1368387 $3500000 $8600000 $50382 $22806 $27575 $000 $193028 $8600000 $1596448 $3500000 $8600000 $50382 $22806 $27575 $000 $220603 $8600000 $1824509 $3500000 $8600000 $50382 $22806 $27575 $000 $248179 $8600000 $205256

10 $3500000 $8600000 $50382 $22806 $27575 $000 $275754 $8600000 $22806211 $3500000 $8600000 $50382 $22806 $27575 $000 $303330 $8600000 $25086912 $3500000 $8600000 $50382 $22806 $27575 $000 $330905 $8600000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $8600000 $50382 $23490 $26891 $000 $357796 $8600000 $29716514 $3605000 $8600000 $50382 $23490 $26891 $000 $384687 $8600000 $32065615 $3605000 $8600000 $50382 $23490 $26891 $000 $411579 $8600000 $34414616 $3605000 $8600000 $50382 $23490 $26891 $000 $438470 $8600000 $36763717 $3605000 $8600000 $50382 $23490 $26891 $000 $465361 $8600000 $39112718 $3605000 $8600000 $50382 $23490 $26891 $000 $492252 $8600000 $41461819 $3605000 $8600000 $50382 $23490 $26891 $000 $519144 $8600000 $43810820 $3605000 $8600000 $50382 $23490 $26891 $000 $546035 $8600000 $46159921 $3605000 $8600000 $50382 $23490 $26891 $000 $572926 $8600000 $48508922 $3605000 $8600000 $50382 $23490 $26891 $000 $599817 $8600000 $50857923 $3605000 $8600000 $50382 $23490 $26891 $000 $626709 $8600000 $53207024 $3605000 $8600000 $50382 $23490 $26891 $000 $653600 $8600000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $8600000 $50382 $24195 $26187 $000 $679786 $8600000 $57975526 $3713150 $8600000 $50382 $24195 $26187 $000 $705973 $8600000 $60395127 $3713150 $8600000 $50382 $24195 $26187 $000 $732159 $8600000 $62814628 $3713150 $8600000 $50382 $24195 $26187 $000 $758346 $8600000 $65234129 $3713150 $8600000 $50382 $24195 $26187 $000 $784532 $8600000 $67653630 $3713150 $8600000 $50382 $24195 $26187 $000 $810719 $8600000 $70073131 $3713150 $8600000 $50382 $24195 $26187 $000 $836905 $8600000 $72492632 $3713150 $8600000 $50382 $24195 $26187 $000 $863092 $8600000 $74912133 $3713150 $8600000 $50382 $24195 $26187 $000 $889278 $8600000 $77331734 $3713150 $8600000 $50382 $24195 $26187 $000 $915465 $8600000 $79751235 $3713150 $8600000 $50382 $24195 $26187 $000 $941651 $8600000 $82170736 $3713150 $8600000 $50382 $24195 $26187 $000 $967838 $8600000 $845902


2 of 5 3813 838 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $8600000 $50382 $24921 $25461 $000 $993299 $8600000 $87082338 $3824544 $8600000 $50382 $24921 $25461 $000 $1018759 $8600000 $89574439 $3824544 $8600000 $50382 $24921 $25461 $000 $1044220 $8600000 $92066540 $3824544 $8600000 $50382 $24921 $25461 $000 $1069681 $8600000 $94558641 $3824544 $8600000 $50382 $24921 $25461 $000 $1095141 $8600000 $97050742 $3824544 $8600000 $50382 $24921 $25461 $000 $1120602 $8600000 $99542843 $3824544 $8600000 $50382 $24921 $25461 $000 $1146063 $8600000 $102034944 $3824544 $8600000 $50382 $24921 $25461 $000 $1171523 $8600000 $104527045 $3824544 $8600000 $50382 $24921 $25461 $000 $1196984 $8600000 $107019146 $3824544 $8600000 $50382 $24921 $25461 $000 $1222445 $8600000 $109511247 $3824544 $8600000 $50382 $24921 $25461 $000 $1247905 $8600000 $112003348 $3824544 $8600000 $50382 $24921 $25461 $000 $1273366 $8600000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $8600000 $50382 $25669 $24713 $000 $1298079 $8600000 $117062350 $3939281 $8600000 $50382 $25669 $24713 $000 $1322792 $8600000 $119629151 $3939281 $8600000 $50382 $25669 $24713 $000 $1347505 $8600000 $122196052 $3939281 $8600000 $50382 $25669 $24713 $000 $1372218 $8600000 $124762953 $3939281 $8600000 $50382 $25669 $24713 $000 $1396931 $8600000 $127329754 $3939281 $8600000 $50382 $25669 $24713 $000 $1421644 $8600000 $129896655 $3939281 $8600000 $50382 $25669 $24713 $000 $1446357 $8600000 $132463556 $3939281 $8600000 $50382 $25669 $24713 $000 $1471070 $8600000 $135030357 $3939281 $8600000 $50382 $25669 $24713 $000 $1495783 $8600000 $137597258 $3939281 $8600000 $50382 $25669 $24713 $000 $1520496 $8600000 $140164059 $3939281 $8600000 $50382 $25669 $24713 $000 $1545209 $8600000 $142730960 $3939281 $8600000 $50382 $25669 $24713 $000 $1569922 $8600000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $8600000 $50382 $26439 $23943 $000 $1593865 $8600000 $147941662 $4057459 $8600000 $50382 $26439 $23943 $000 $1617808 $8600000 $150585563 $4057459 $8600000 $50382 $26439 $23943 $000 $1641751 $8600000 $153229464 $4057459 $8600000 $50382 $26439 $23943 $000 $1665694 $8600000 $155873365 $4057459 $8600000 $50382 $26439 $23943 $000 $1689637 $8600000 $158517166 $4057459 $8600000 $50382 $26439 $23943 $000 $1713580 $8600000 $161161067 $4057459 $8600000 $50382 $26439 $23943 $000 $1737523 $8600000 $163804968 $4057459 $8600000 $50382 $26439 $23943 $000 $1761466 $8600000 $166448769 $4057459 $8600000 $50382 $26439 $23943 $000 $1785409 $8600000 $169092670 $4057459 $8600000 $50382 $26439 $23943 $000 $1809352 $8600000 $171736571 $4057459 $8600000 $50382 $26439 $23943 $000 $1833295 $8600000 $174380372 $4057459 $8600000 $50382 $26439 $23943 $000 $1857238 $8600000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $8600000 $50382 $27232 $23150 $000 $1880388 $8600000 $179747474 $4179183 $8600000 $50382 $27232 $23150 $000 $1903538 $8600000 $182470675 $4179183 $8600000 $50382 $27232 $23150 $000 $1926687 $8600000 $185193876 $4179183 $8600000 $50382 $27232 $23150 $000 $1949837 $8600000 $187916977 $4179183 $8600000 $50382 $27232 $23150 $000 $1972987 $8600000 $190640178 $4179183 $8600000 $50382 $27232 $23150 $000 $1996137 $8600000 $193363379 $4179183 $8600000 $50382 $27232 $23150 $000 $2019287 $8600000 $196086580 $4179183 $8600000 $50382 $27232 $23150 $000 $2042436 $8600000 $198809781 $4179183 $8600000 $50382 $27232 $23150 $000 $2065586 $8600000 $201532982 $4179183 $8600000 $50382 $27232 $23150 $000 $2088736 $8600000 $204256183 $4179183 $8600000 $50382 $27232 $23150 $000 $2111886 $8600000 $2069792


3 of 5 3813 838 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $14550000 $89604 $22806 $66797 $000 $66797 $14550000 $228062 $3500000 $14550000 $89604 $22806 $66797 $000 $133595 $14550000 $456123 $3500000 $14550000 $89604 $22806 $66797 $000 $200392 $14550000 $684194 $3500000 $14550000 $89604 $22806 $66797 $000 $267190 $14550000 $912255 $3500000 $14550000 $89604 $22806 $66797 $000 $333987 $14550000 $1140316 $3500000 $14550000 $89604 $22806 $66797 $000 $400785 $14550000 $1368387 $3500000 $14550000 $89604 $22806 $66797 $000 $467582 $14550000 $1596448 $3500000 $14550000 $89604 $22806 $66797 $000 $534380 $14550000 $1824509 $3500000 $14550000 $89604 $22806 $66797 $000 $601177 $14550000 $205256

10 $3500000 $14550000 $89604 $22806 $66797 $000 $667975 $14550000 $22806211 $3500000 $14550000 $89604 $22806 $66797 $000 $734773 $14550000 $25086912 $3500000 $14550000 $89604 $22806 $66797 $000 $801570 $14550000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $14550000 $89604 $23490 $66113 $000 $867683 $14550000 $29716514 $3605000 $14550000 $89604 $23490 $66113 $000 $933797 $14550000 $32065615 $3605000 $14550000 $89604 $23490 $66113 $000 $999910 $14550000 $34414616 $3605000 $14550000 $89604 $23490 $66113 $000 $1066023 $14550000 $36763717 $3605000 $14550000 $89604 $23490 $66113 $000 $1132137 $14550000 $39112718 $3605000 $14550000 $89604 $23490 $66113 $000 $1198250 $14550000 $41461819 $3605000 $14550000 $89604 $23490 $66113 $000 $1264363 $14550000 $43810820 $3605000 $14550000 $89604 $23490 $66113 $000 $1330477 $14550000 $46159921 $3605000 $14550000 $89604 $23490 $66113 $000 $1396590 $14550000 $48508922 $3605000 $14550000 $89604 $23490 $66113 $000 $1462703 $14550000 $50857923 $3605000 $14550000 $89604 $23490 $66113 $000 $1528816 $14550000 $53207024 $3605000 $14550000 $89604 $23490 $66113 $000 $1594930 $14550000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $14550000 $89604 $24195 $65409 $000 $1660338 $14550000 $57975526 $3713150 $14550000 $89604 $24195 $65409 $000 $1725747 $14550000 $60395127 $3713150 $14550000 $89604 $24195 $65409 $000 $1791156 $14550000 $62814628 $3713150 $14550000 $89604 $24195 $65409 $000 $1856564 $14550000 $65234129 $3713150 $14550000 $89604 $24195 $65409 $000 $1921973 $14550000 $67653630 $3713150 $14550000 $89604 $24195 $65409 $000 $1987381 $14550000 $70073131 $3713150 $14550000 $89604 $24195 $65409 $000 $2052790 $14550000 $72492632 $3713150 $14550000 $89604 $24195 $65409 $000 $2118199 $14550000 $74912133 $3713150 $14550000 $89604 $24195 $65409 $000 $2183607 $14550000 $77331734 $3713150 $14550000 $89604 $24195 $65409 $000 $2249016 $14550000 $79751235 $3713150 $14550000 $89604 $24195 $65409 $000 $2314424 $14550000 $82170736 $3713150 $14550000 $89604 $24195 $65409 $000 $2379833 $14550000 $845902


2 of 5 3813 837 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $14550000 $89604 $24921 $64683 $000 $2444516 $14550000 $87082338 $3824544 $14550000 $89604 $24921 $64683 $000 $2509198 $14550000 $89574439 $3824544 $14550000 $89604 $24921 $64683 $000 $2573881 $14550000 $92066540 $3824544 $14550000 $89604 $24921 $64683 $000 $2638564 $14550000 $94558641 $3824544 $14550000 $89604 $24921 $64683 $000 $2703247 $14550000 $97050742 $3824544 $14550000 $89604 $24921 $64683 $000 $2767929 $14550000 $99542843 $3824544 $14550000 $89604 $24921 $64683 $000 $2832612 $14550000 $102034944 $3824544 $14550000 $89604 $24921 $64683 $000 $2897295 $14550000 $104527045 $3824544 $14550000 $89604 $24921 $64683 $000 $2961978 $14550000 $107019146 $3824544 $14550000 $89604 $24921 $64683 $000 $3026660 $14550000 $109511247 $3824544 $14550000 $89604 $24921 $64683 $000 $3091343 $14550000 $112003348 $3824544 $14550000 $89604 $24921 $64683 $000 $3156026 $14550000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $14550000 $89604 $25669 $63935 $000 $3219961 $14550000 $117062350 $3939281 $14550000 $89604 $25669 $63935 $000 $3283896 $14550000 $119629151 $3939281 $14550000 $89604 $25669 $63935 $000 $3347831 $14550000 $122196052 $3939281 $14550000 $89604 $25669 $63935 $000 $3411766 $14550000 $124762953 $3939281 $14550000 $89604 $25669 $63935 $000 $3475701 $14550000 $127329754 $3939281 $14550000 $89604 $25669 $63935 $000 $3539637 $14550000 $129896655 $3939281 $14550000 $89604 $25669 $63935 $000 $3603572 $14550000 $132463556 $3939281 $14550000 $89604 $25669 $63935 $000 $3667507 $14550000 $135030357 $3939281 $14550000 $89604 $25669 $63935 $000 $3731442 $14550000 $137597258 $3939281 $14550000 $89604 $25669 $63935 $000 $3795377 $14550000 $140164059 $3939281 $14550000 $89604 $25669 $63935 $000 $3859312 $14550000 $142730960 $3939281 $14550000 $89604 $25669 $63935 $000 $3923247 $14550000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $14550000 $89604 $26439 $63165 $000 $3986412 $14550000 $147941662 $4057459 $14550000 $89604 $26439 $63165 $000 $4049577 $14550000 $150585563 $4057459 $14550000 $89604 $26439 $63165 $000 $4112742 $14550000 $153229464 $4057459 $14550000 $89604 $26439 $63165 $000 $4175907 $14550000 $155873365 $4057459 $14550000 $89604 $26439 $63165 $000 $4239073 $14550000 $158517166 $4057459 $14550000 $89604 $26439 $63165 $000 $4302238 $14550000 $161161067 $4057459 $14550000 $89604 $26439 $63165 $000 $4365403 $14550000 $163804968 $4057459 $14550000 $89604 $26439 $63165 $000 $4428568 $14550000 $166448769 $4057459 $14550000 $89604 $26439 $63165 $000 $4491733 $14550000 $169092670 $4057459 $14550000 $89604 $26439 $63165 $000 $4554898 $14550000 $171736571 $4057459 $14550000 $89604 $26439 $63165 $000 $4618063 $14550000 $174380372 $4057459 $14550000 $89604 $26439 $63165 $000 $4681228 $14550000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $14550000 $89604 $27232 $62372 $000 $4743600 $14550000 $179747474 $4179183 $14550000 $89604 $27232 $62372 $000 $4805972 $14550000 $182470675 $4179183 $14550000 $89604 $27232 $62372 $000 $4868344 $14550000 $185193876 $4179183 $14550000 $89604 $27232 $62372 $000 $4930716 $14550000 $187916977 $4179183 $14550000 $89604 $27232 $62372 $000 $4993087 $14550000 $190640178 $4179183 $14550000 $89604 $27232 $62372 $000 $5055459 $14550000 $193363379 $4179183 $14550000 $89604 $27232 $62372 $000 $5117831 $14550000 $196086580 $4179183 $14550000 $89604 $27232 $62372 $000 $5180203 $14550000 $198809781 $4179183 $14550000 $89604 $27232 $62372 $000 $5242575 $14550000 $201532982 $4179183 $14550000 $89604 $27232 $62372 $000 $5304947 $14550000 $204256183 $4179183 $14550000 $89604 $27232 $62372 $000 $5367319 $14550000 $2069792


3 of 5 3813 837 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $14550000 $89604 $28049 $61555 $000 $5491246 $14550000 $212507386 $4304559 $14550000 $89604 $28049 $61555 $000 $5552801 $14550000 $215312287 $4304559 $14550000 $89604 $28049 $61555 $000 $5614355 $14550000 $218117188 $4304559 $14550000 $89604 $28049 $61555 $000 $5675910 $14550000 $220922089 $4304559 $14550000 $89604 $28049 $61555 $000 $5737465 $14550000 $223726890 $4304559 $14550000 $89604 $28049 $61555 $000 $5799020 $14550000 $226531791 $4304559 $14550000 $89604 $28049 $61555 $000 $5860575 $14550000 $229336692 $4304559 $14550000 $89604 $28049 $61555 $000 $5922130 $14550000 $232141593 $4304559 $14550000 $89604 $28049 $61555 $000 $5983685 $14550000 $234946494 $4304559 $14550000 $89604 $28049 $61555 $000 $6045240 $14550000 $237751295 $4304559 $14550000 $89604 $28049 $61555 $000 $6106795 $14550000 $240556196 $4304559 $14550000 $89604 $28049 $61555 $000 $6168350 $14550000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $14550000 $89604 $28890 $60713 $000 $6229063 $14550000 $246250098 $4433695 $14550000 $89604 $28890 $60713 $000 $6289777 $14550000 $249139199 $4433695 $14550000 $89604 $28890 $60713 $000 $6350490 $14550000 $2520281

100 $4433695 $14550000 $89604 $28890 $60713 $000 $6411204 $14550000 $2549171101 $4433695 $14550000 $89604 $28890 $60713 $000 $6471917 $14550000 $2578061102 $4433695 $14550000 $89604 $28890 $60713 $000 $6532631 $14550000 $2606952103 $4433695 $14550000 $89604 $28890 $60713 $000 $6593344 $14550000 $2635842104 $4433695 $14550000 $89604 $28890 $60713 $000 $6654058 $14550000 $2664732105 $4433695 $14550000 $89604 $28890 $60713 $000 $6714771 $14550000 $2693623106 $4433695 $14550000 $89604 $28890 $60713 $000 $6775485 $14550000 $2722513107 $4433695 $14550000 $89604 $28890 $60713 $000 $6836198 $14550000 $2751403108 $4433695 $14550000 $89604 $28890 $60713 $000 $6896912 $14550000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $14550000 $89604 $29757 $59847 $000 $6956758 $14550000 $2810050110 $4566706 $14550000 $89604 $29757 $59847 $000 $7016605 $14550000 $2839807111 $4566706 $14550000 $89604 $29757 $59847 $000 $7076452 $14550000 $2869564112 $4566706 $14550000 $89604 $29757 $59847 $000 $7136299 $14550000 $2899321113 $4566706 $14550000 $89604 $29757 $59847 $000 $7196145 $14550000 $2929078114 $4566706 $14550000 $89604 $29757 $59847 $000 $7255992 $14550000 $2958835115 $4566706 $14550000 $89604 $29757 $59847 $000 $7315839 $14550000 $2988592116 $4566706 $14550000 $89604 $29757 $59847 $000 $7375686 $14550000 $3018349117 $4566706 $14550000 $89604 $29757 $59847 $000 $7435533 $14550000 $3048106118 $4566706 $14550000 $89604 $29757 $59847 $000 $7495379 $14550000 $3077863119 $4566706 $14550000 $89604 $29757 $59847 $000 $7555226 $14550000 $3107620120 $4566706 $14550000 $89604 $29757 $59847 $000 $7615073 $14550000 $3137377F $4566706 $14550000 $14550000 $7615073 $000 $3137377F $4566706 $000 $7615073 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 837 AM

Loan Forgiveness








Interest Rate

First Loan 145500 739 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 837 AM











10000



1 of 5 3813 838 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $8600000 $50382 $22806 $27575 $000 $27575 $8600000 $228062 $3500000 $8600000 $50382 $22806 $27575 $000 $55151 $8600000 $456123 $3500000 $8600000 $50382 $22806 $27575 $000 $82726 $8600000 $684194 $3500000 $8600000 $50382 $22806 $27575 $000 $110302 $8600000 $912255 $3500000 $8600000 $50382 $22806 $27575 $000 $137877 $8600000 $1140316 $3500000 $8600000 $50382 $22806 $27575 $000 $165452 $8600000 $1368387 $3500000 $8600000 $50382 $22806 $27575 $000 $193028 $8600000 $1596448 $3500000 $8600000 $50382 $22806 $27575 $000 $220603 $8600000 $1824509 $3500000 $8600000 $50382 $22806 $27575 $000 $248179 $8600000 $205256

10 $3500000 $8600000 $50382 $22806 $27575 $000 $275754 $8600000 $22806211 $3500000 $8600000 $50382 $22806 $27575 $000 $303330 $8600000 $25086912 $3500000 $8600000 $50382 $22806 $27575 $000 $330905 $8600000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $8600000 $50382 $23490 $26891 $000 $357796 $8600000 $29716514 $3605000 $8600000 $50382 $23490 $26891 $000 $384687 $8600000 $32065615 $3605000 $8600000 $50382 $23490 $26891 $000 $411579 $8600000 $34414616 $3605000 $8600000 $50382 $23490 $26891 $000 $438470 $8600000 $36763717 $3605000 $8600000 $50382 $23490 $26891 $000 $465361 $8600000 $39112718 $3605000 $8600000 $50382 $23490 $26891 $000 $492252 $8600000 $41461819 $3605000 $8600000 $50382 $23490 $26891 $000 $519144 $8600000 $43810820 $3605000 $8600000 $50382 $23490 $26891 $000 $546035 $8600000 $46159921 $3605000 $8600000 $50382 $23490 $26891 $000 $572926 $8600000 $48508922 $3605000 $8600000 $50382 $23490 $26891 $000 $599817 $8600000 $50857923 $3605000 $8600000 $50382 $23490 $26891 $000 $626709 $8600000 $53207024 $3605000 $8600000 $50382 $23490 $26891 $000 $653600 $8600000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $8600000 $50382 $24195 $26187 $000 $679786 $8600000 $57975526 $3713150 $8600000 $50382 $24195 $26187 $000 $705973 $8600000 $60395127 $3713150 $8600000 $50382 $24195 $26187 $000 $732159 $8600000 $62814628 $3713150 $8600000 $50382 $24195 $26187 $000 $758346 $8600000 $65234129 $3713150 $8600000 $50382 $24195 $26187 $000 $784532 $8600000 $67653630 $3713150 $8600000 $50382 $24195 $26187 $000 $810719 $8600000 $70073131 $3713150 $8600000 $50382 $24195 $26187 $000 $836905 $8600000 $72492632 $3713150 $8600000 $50382 $24195 $26187 $000 $863092 $8600000 $74912133 $3713150 $8600000 $50382 $24195 $26187 $000 $889278 $8600000 $77331734 $3713150 $8600000 $50382 $24195 $26187 $000 $915465 $8600000 $79751235 $3713150 $8600000 $50382 $24195 $26187 $000 $941651 $8600000 $82170736 $3713150 $8600000 $50382 $24195 $26187 $000 $967838 $8600000 $845902


2 of 5 3813 838 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $8600000 $50382 $24921 $25461 $000 $993299 $8600000 $87082338 $3824544 $8600000 $50382 $24921 $25461 $000 $1018759 $8600000 $89574439 $3824544 $8600000 $50382 $24921 $25461 $000 $1044220 $8600000 $92066540 $3824544 $8600000 $50382 $24921 $25461 $000 $1069681 $8600000 $94558641 $3824544 $8600000 $50382 $24921 $25461 $000 $1095141 $8600000 $97050742 $3824544 $8600000 $50382 $24921 $25461 $000 $1120602 $8600000 $99542843 $3824544 $8600000 $50382 $24921 $25461 $000 $1146063 $8600000 $102034944 $3824544 $8600000 $50382 $24921 $25461 $000 $1171523 $8600000 $104527045 $3824544 $8600000 $50382 $24921 $25461 $000 $1196984 $8600000 $107019146 $3824544 $8600000 $50382 $24921 $25461 $000 $1222445 $8600000 $109511247 $3824544 $8600000 $50382 $24921 $25461 $000 $1247905 $8600000 $112003348 $3824544 $8600000 $50382 $24921 $25461 $000 $1273366 $8600000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $8600000 $50382 $25669 $24713 $000 $1298079 $8600000 $117062350 $3939281 $8600000 $50382 $25669 $24713 $000 $1322792 $8600000 $119629151 $3939281 $8600000 $50382 $25669 $24713 $000 $1347505 $8600000 $122196052 $3939281 $8600000 $50382 $25669 $24713 $000 $1372218 $8600000 $124762953 $3939281 $8600000 $50382 $25669 $24713 $000 $1396931 $8600000 $127329754 $3939281 $8600000 $50382 $25669 $24713 $000 $1421644 $8600000 $129896655 $3939281 $8600000 $50382 $25669 $24713 $000 $1446357 $8600000 $132463556 $3939281 $8600000 $50382 $25669 $24713 $000 $1471070 $8600000 $135030357 $3939281 $8600000 $50382 $25669 $24713 $000 $1495783 $8600000 $137597258 $3939281 $8600000 $50382 $25669 $24713 $000 $1520496 $8600000 $140164059 $3939281 $8600000 $50382 $25669 $24713 $000 $1545209 $8600000 $142730960 $3939281 $8600000 $50382 $25669 $24713 $000 $1569922 $8600000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $8600000 $50382 $26439 $23943 $000 $1593865 $8600000 $147941662 $4057459 $8600000 $50382 $26439 $23943 $000 $1617808 $8600000 $150585563 $4057459 $8600000 $50382 $26439 $23943 $000 $1641751 $8600000 $153229464 $4057459 $8600000 $50382 $26439 $23943 $000 $1665694 $8600000 $155873365 $4057459 $8600000 $50382 $26439 $23943 $000 $1689637 $8600000 $158517166 $4057459 $8600000 $50382 $26439 $23943 $000 $1713580 $8600000 $161161067 $4057459 $8600000 $50382 $26439 $23943 $000 $1737523 $8600000 $163804968 $4057459 $8600000 $50382 $26439 $23943 $000 $1761466 $8600000 $166448769 $4057459 $8600000 $50382 $26439 $23943 $000 $1785409 $8600000 $169092670 $4057459 $8600000 $50382 $26439 $23943 $000 $1809352 $8600000 $171736571 $4057459 $8600000 $50382 $26439 $23943 $000 $1833295 $8600000 $174380372 $4057459 $8600000 $50382 $26439 $23943 $000 $1857238 $8600000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $8600000 $50382 $27232 $23150 $000 $1880388 $8600000 $179747474 $4179183 $8600000 $50382 $27232 $23150 $000 $1903538 $8600000 $182470675 $4179183 $8600000 $50382 $27232 $23150 $000 $1926687 $8600000 $185193876 $4179183 $8600000 $50382 $27232 $23150 $000 $1949837 $8600000 $187916977 $4179183 $8600000 $50382 $27232 $23150 $000 $1972987 $8600000 $190640178 $4179183 $8600000 $50382 $27232 $23150 $000 $1996137 $8600000 $193363379 $4179183 $8600000 $50382 $27232 $23150 $000 $2019287 $8600000 $196086580 $4179183 $8600000 $50382 $27232 $23150 $000 $2042436 $8600000 $198809781 $4179183 $8600000 $50382 $27232 $23150 $000 $2065586 $8600000 $201532982 $4179183 $8600000 $50382 $27232 $23150 $000 $2088736 $8600000 $204256183 $4179183 $8600000 $50382 $27232 $23150 $000 $2111886 $8600000 $2069792


3 of 5 3813 838 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $14550000 $89604 $24921 $64683 $000 $2444516 $14550000 $87082338 $3824544 $14550000 $89604 $24921 $64683 $000 $2509198 $14550000 $89574439 $3824544 $14550000 $89604 $24921 $64683 $000 $2573881 $14550000 $92066540 $3824544 $14550000 $89604 $24921 $64683 $000 $2638564 $14550000 $94558641 $3824544 $14550000 $89604 $24921 $64683 $000 $2703247 $14550000 $97050742 $3824544 $14550000 $89604 $24921 $64683 $000 $2767929 $14550000 $99542843 $3824544 $14550000 $89604 $24921 $64683 $000 $2832612 $14550000 $102034944 $3824544 $14550000 $89604 $24921 $64683 $000 $2897295 $14550000 $104527045 $3824544 $14550000 $89604 $24921 $64683 $000 $2961978 $14550000 $107019146 $3824544 $14550000 $89604 $24921 $64683 $000 $3026660 $14550000 $109511247 $3824544 $14550000 $89604 $24921 $64683 $000 $3091343 $14550000 $112003348 $3824544 $14550000 $89604 $24921 $64683 $000 $3156026 $14550000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $14550000 $89604 $25669 $63935 $000 $3219961 $14550000 $117062350 $3939281 $14550000 $89604 $25669 $63935 $000 $3283896 $14550000 $119629151 $3939281 $14550000 $89604 $25669 $63935 $000 $3347831 $14550000 $122196052 $3939281 $14550000 $89604 $25669 $63935 $000 $3411766 $14550000 $124762953 $3939281 $14550000 $89604 $25669 $63935 $000 $3475701 $14550000 $127329754 $3939281 $14550000 $89604 $25669 $63935 $000 $3539637 $14550000 $129896655 $3939281 $14550000 $89604 $25669 $63935 $000 $3603572 $14550000 $132463556 $3939281 $14550000 $89604 $25669 $63935 $000 $3667507 $14550000 $135030357 $3939281 $14550000 $89604 $25669 $63935 $000 $3731442 $14550000 $137597258 $3939281 $14550000 $89604 $25669 $63935 $000 $3795377 $14550000 $140164059 $3939281 $14550000 $89604 $25669 $63935 $000 $3859312 $14550000 $142730960 $3939281 $14550000 $89604 $25669 $63935 $000 $3923247 $14550000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $14550000 $89604 $26439 $63165 $000 $3986412 $14550000 $147941662 $4057459 $14550000 $89604 $26439 $63165 $000 $4049577 $14550000 $150585563 $4057459 $14550000 $89604 $26439 $63165 $000 $4112742 $14550000 $153229464 $4057459 $14550000 $89604 $26439 $63165 $000 $4175907 $14550000 $155873365 $4057459 $14550000 $89604 $26439 $63165 $000 $4239073 $14550000 $158517166 $4057459 $14550000 $89604 $26439 $63165 $000 $4302238 $14550000 $161161067 $4057459 $14550000 $89604 $26439 $63165 $000 $4365403 $14550000 $163804968 $4057459 $14550000 $89604 $26439 $63165 $000 $4428568 $14550000 $166448769 $4057459 $14550000 $89604 $26439 $63165 $000 $4491733 $14550000 $169092670 $4057459 $14550000 $89604 $26439 $63165 $000 $4554898 $14550000 $171736571 $4057459 $14550000 $89604 $26439 $63165 $000 $4618063 $14550000 $174380372 $4057459 $14550000 $89604 $26439 $63165 $000 $4681228 $14550000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $14550000 $89604 $27232 $62372 $000 $4743600 $14550000 $179747474 $4179183 $14550000 $89604 $27232 $62372 $000 $4805972 $14550000 $182470675 $4179183 $14550000 $89604 $27232 $62372 $000 $4868344 $14550000 $185193876 $4179183 $14550000 $89604 $27232 $62372 $000 $4930716 $14550000 $187916977 $4179183 $14550000 $89604 $27232 $62372 $000 $4993087 $14550000 $190640178 $4179183 $14550000 $89604 $27232 $62372 $000 $5055459 $14550000 $193363379 $4179183 $14550000 $89604 $27232 $62372 $000 $5117831 $14550000 $196086580 $4179183 $14550000 $89604 $27232 $62372 $000 $5180203 $14550000 $198809781 $4179183 $14550000 $89604 $27232 $62372 $000 $5242575 $14550000 $201532982 $4179183 $14550000 $89604 $27232 $62372 $000 $5304947 $14550000 $204256183 $4179183 $14550000 $89604 $27232 $62372 $000 $5367319 $14550000 $2069792


3 of 5 3813 837 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $14550000 $89604 $28049 $61555 $000 $5491246 $14550000 $212507386 $4304559 $14550000 $89604 $28049 $61555 $000 $5552801 $14550000 $215312287 $4304559 $14550000 $89604 $28049 $61555 $000 $5614355 $14550000 $218117188 $4304559 $14550000 $89604 $28049 $61555 $000 $5675910 $14550000 $220922089 $4304559 $14550000 $89604 $28049 $61555 $000 $5737465 $14550000 $223726890 $4304559 $14550000 $89604 $28049 $61555 $000 $5799020 $14550000 $226531791 $4304559 $14550000 $89604 $28049 $61555 $000 $5860575 $14550000 $229336692 $4304559 $14550000 $89604 $28049 $61555 $000 $5922130 $14550000 $232141593 $4304559 $14550000 $89604 $28049 $61555 $000 $5983685 $14550000 $234946494 $4304559 $14550000 $89604 $28049 $61555 $000 $6045240 $14550000 $237751295 $4304559 $14550000 $89604 $28049 $61555 $000 $6106795 $14550000 $240556196 $4304559 $14550000 $89604 $28049 $61555 $000 $6168350 $14550000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $14550000 $89604 $28890 $60713 $000 $6229063 $14550000 $246250098 $4433695 $14550000 $89604 $28890 $60713 $000 $6289777 $14550000 $249139199 $4433695 $14550000 $89604 $28890 $60713 $000 $6350490 $14550000 $2520281

100 $4433695 $14550000 $89604 $28890 $60713 $000 $6411204 $14550000 $2549171101 $4433695 $14550000 $89604 $28890 $60713 $000 $6471917 $14550000 $2578061102 $4433695 $14550000 $89604 $28890 $60713 $000 $6532631 $14550000 $2606952103 $4433695 $14550000 $89604 $28890 $60713 $000 $6593344 $14550000 $2635842104 $4433695 $14550000 $89604 $28890 $60713 $000 $6654058 $14550000 $2664732105 $4433695 $14550000 $89604 $28890 $60713 $000 $6714771 $14550000 $2693623106 $4433695 $14550000 $89604 $28890 $60713 $000 $6775485 $14550000 $2722513107 $4433695 $14550000 $89604 $28890 $60713 $000 $6836198 $14550000 $2751403108 $4433695 $14550000 $89604 $28890 $60713 $000 $6896912 $14550000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $14550000 $89604 $29757 $59847 $000 $6956758 $14550000 $2810050110 $4566706 $14550000 $89604 $29757 $59847 $000 $7016605 $14550000 $2839807111 $4566706 $14550000 $89604 $29757 $59847 $000 $7076452 $14550000 $2869564112 $4566706 $14550000 $89604 $29757 $59847 $000 $7136299 $14550000 $2899321113 $4566706 $14550000 $89604 $29757 $59847 $000 $7196145 $14550000 $2929078114 $4566706 $14550000 $89604 $29757 $59847 $000 $7255992 $14550000 $2958835115 $4566706 $14550000 $89604 $29757 $59847 $000 $7315839 $14550000 $2988592116 $4566706 $14550000 $89604 $29757 $59847 $000 $7375686 $14550000 $3018349117 $4566706 $14550000 $89604 $29757 $59847 $000 $7435533 $14550000 $3048106118 $4566706 $14550000 $89604 $29757 $59847 $000 $7495379 $14550000 $3077863119 $4566706 $14550000 $89604 $29757 $59847 $000 $7555226 $14550000 $3107620120 $4566706 $14550000 $89604 $29757 $59847 $000 $7615073 $14550000 $3137377F $4566706 $14550000 $14550000 $7615073 $000 $3137377F $4566706 $000 $7615073 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 837 AM

Loan Forgiveness








Interest Rate

First Loan 145500 739 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 837 AM











10000



1 of 5 3813 838 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $8600000 $50382 $22806 $27575 $000 $27575 $8600000 $228062 $3500000 $8600000 $50382 $22806 $27575 $000 $55151 $8600000 $456123 $3500000 $8600000 $50382 $22806 $27575 $000 $82726 $8600000 $684194 $3500000 $8600000 $50382 $22806 $27575 $000 $110302 $8600000 $912255 $3500000 $8600000 $50382 $22806 $27575 $000 $137877 $8600000 $1140316 $3500000 $8600000 $50382 $22806 $27575 $000 $165452 $8600000 $1368387 $3500000 $8600000 $50382 $22806 $27575 $000 $193028 $8600000 $1596448 $3500000 $8600000 $50382 $22806 $27575 $000 $220603 $8600000 $1824509 $3500000 $8600000 $50382 $22806 $27575 $000 $248179 $8600000 $205256

10 $3500000 $8600000 $50382 $22806 $27575 $000 $275754 $8600000 $22806211 $3500000 $8600000 $50382 $22806 $27575 $000 $303330 $8600000 $25086912 $3500000 $8600000 $50382 $22806 $27575 $000 $330905 $8600000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $8600000 $50382 $23490 $26891 $000 $357796 $8600000 $29716514 $3605000 $8600000 $50382 $23490 $26891 $000 $384687 $8600000 $32065615 $3605000 $8600000 $50382 $23490 $26891 $000 $411579 $8600000 $34414616 $3605000 $8600000 $50382 $23490 $26891 $000 $438470 $8600000 $36763717 $3605000 $8600000 $50382 $23490 $26891 $000 $465361 $8600000 $39112718 $3605000 $8600000 $50382 $23490 $26891 $000 $492252 $8600000 $41461819 $3605000 $8600000 $50382 $23490 $26891 $000 $519144 $8600000 $43810820 $3605000 $8600000 $50382 $23490 $26891 $000 $546035 $8600000 $46159921 $3605000 $8600000 $50382 $23490 $26891 $000 $572926 $8600000 $48508922 $3605000 $8600000 $50382 $23490 $26891 $000 $599817 $8600000 $50857923 $3605000 $8600000 $50382 $23490 $26891 $000 $626709 $8600000 $53207024 $3605000 $8600000 $50382 $23490 $26891 $000 $653600 $8600000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $8600000 $50382 $24195 $26187 $000 $679786 $8600000 $57975526 $3713150 $8600000 $50382 $24195 $26187 $000 $705973 $8600000 $60395127 $3713150 $8600000 $50382 $24195 $26187 $000 $732159 $8600000 $62814628 $3713150 $8600000 $50382 $24195 $26187 $000 $758346 $8600000 $65234129 $3713150 $8600000 $50382 $24195 $26187 $000 $784532 $8600000 $67653630 $3713150 $8600000 $50382 $24195 $26187 $000 $810719 $8600000 $70073131 $3713150 $8600000 $50382 $24195 $26187 $000 $836905 $8600000 $72492632 $3713150 $8600000 $50382 $24195 $26187 $000 $863092 $8600000 $74912133 $3713150 $8600000 $50382 $24195 $26187 $000 $889278 $8600000 $77331734 $3713150 $8600000 $50382 $24195 $26187 $000 $915465 $8600000 $79751235 $3713150 $8600000 $50382 $24195 $26187 $000 $941651 $8600000 $82170736 $3713150 $8600000 $50382 $24195 $26187 $000 $967838 $8600000 $845902


2 of 5 3813 838 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $8600000 $50382 $24921 $25461 $000 $993299 $8600000 $87082338 $3824544 $8600000 $50382 $24921 $25461 $000 $1018759 $8600000 $89574439 $3824544 $8600000 $50382 $24921 $25461 $000 $1044220 $8600000 $92066540 $3824544 $8600000 $50382 $24921 $25461 $000 $1069681 $8600000 $94558641 $3824544 $8600000 $50382 $24921 $25461 $000 $1095141 $8600000 $97050742 $3824544 $8600000 $50382 $24921 $25461 $000 $1120602 $8600000 $99542843 $3824544 $8600000 $50382 $24921 $25461 $000 $1146063 $8600000 $102034944 $3824544 $8600000 $50382 $24921 $25461 $000 $1171523 $8600000 $104527045 $3824544 $8600000 $50382 $24921 $25461 $000 $1196984 $8600000 $107019146 $3824544 $8600000 $50382 $24921 $25461 $000 $1222445 $8600000 $109511247 $3824544 $8600000 $50382 $24921 $25461 $000 $1247905 $8600000 $112003348 $3824544 $8600000 $50382 $24921 $25461 $000 $1273366 $8600000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $8600000 $50382 $25669 $24713 $000 $1298079 $8600000 $117062350 $3939281 $8600000 $50382 $25669 $24713 $000 $1322792 $8600000 $119629151 $3939281 $8600000 $50382 $25669 $24713 $000 $1347505 $8600000 $122196052 $3939281 $8600000 $50382 $25669 $24713 $000 $1372218 $8600000 $124762953 $3939281 $8600000 $50382 $25669 $24713 $000 $1396931 $8600000 $127329754 $3939281 $8600000 $50382 $25669 $24713 $000 $1421644 $8600000 $129896655 $3939281 $8600000 $50382 $25669 $24713 $000 $1446357 $8600000 $132463556 $3939281 $8600000 $50382 $25669 $24713 $000 $1471070 $8600000 $135030357 $3939281 $8600000 $50382 $25669 $24713 $000 $1495783 $8600000 $137597258 $3939281 $8600000 $50382 $25669 $24713 $000 $1520496 $8600000 $140164059 $3939281 $8600000 $50382 $25669 $24713 $000 $1545209 $8600000 $142730960 $3939281 $8600000 $50382 $25669 $24713 $000 $1569922 $8600000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $8600000 $50382 $26439 $23943 $000 $1593865 $8600000 $147941662 $4057459 $8600000 $50382 $26439 $23943 $000 $1617808 $8600000 $150585563 $4057459 $8600000 $50382 $26439 $23943 $000 $1641751 $8600000 $153229464 $4057459 $8600000 $50382 $26439 $23943 $000 $1665694 $8600000 $155873365 $4057459 $8600000 $50382 $26439 $23943 $000 $1689637 $8600000 $158517166 $4057459 $8600000 $50382 $26439 $23943 $000 $1713580 $8600000 $161161067 $4057459 $8600000 $50382 $26439 $23943 $000 $1737523 $8600000 $163804968 $4057459 $8600000 $50382 $26439 $23943 $000 $1761466 $8600000 $166448769 $4057459 $8600000 $50382 $26439 $23943 $000 $1785409 $8600000 $169092670 $4057459 $8600000 $50382 $26439 $23943 $000 $1809352 $8600000 $171736571 $4057459 $8600000 $50382 $26439 $23943 $000 $1833295 $8600000 $174380372 $4057459 $8600000 $50382 $26439 $23943 $000 $1857238 $8600000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $8600000 $50382 $27232 $23150 $000 $1880388 $8600000 $179747474 $4179183 $8600000 $50382 $27232 $23150 $000 $1903538 $8600000 $182470675 $4179183 $8600000 $50382 $27232 $23150 $000 $1926687 $8600000 $185193876 $4179183 $8600000 $50382 $27232 $23150 $000 $1949837 $8600000 $187916977 $4179183 $8600000 $50382 $27232 $23150 $000 $1972987 $8600000 $190640178 $4179183 $8600000 $50382 $27232 $23150 $000 $1996137 $8600000 $193363379 $4179183 $8600000 $50382 $27232 $23150 $000 $2019287 $8600000 $196086580 $4179183 $8600000 $50382 $27232 $23150 $000 $2042436 $8600000 $198809781 $4179183 $8600000 $50382 $27232 $23150 $000 $2065586 $8600000 $201532982 $4179183 $8600000 $50382 $27232 $23150 $000 $2088736 $8600000 $204256183 $4179183 $8600000 $50382 $27232 $23150 $000 $2111886 $8600000 $2069792


3 of 5 3813 838 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $14550000 $89604 $28049 $61555 $000 $5491246 $14550000 $212507386 $4304559 $14550000 $89604 $28049 $61555 $000 $5552801 $14550000 $215312287 $4304559 $14550000 $89604 $28049 $61555 $000 $5614355 $14550000 $218117188 $4304559 $14550000 $89604 $28049 $61555 $000 $5675910 $14550000 $220922089 $4304559 $14550000 $89604 $28049 $61555 $000 $5737465 $14550000 $223726890 $4304559 $14550000 $89604 $28049 $61555 $000 $5799020 $14550000 $226531791 $4304559 $14550000 $89604 $28049 $61555 $000 $5860575 $14550000 $229336692 $4304559 $14550000 $89604 $28049 $61555 $000 $5922130 $14550000 $232141593 $4304559 $14550000 $89604 $28049 $61555 $000 $5983685 $14550000 $234946494 $4304559 $14550000 $89604 $28049 $61555 $000 $6045240 $14550000 $237751295 $4304559 $14550000 $89604 $28049 $61555 $000 $6106795 $14550000 $240556196 $4304559 $14550000 $89604 $28049 $61555 $000 $6168350 $14550000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $14550000 $89604 $28890 $60713 $000 $6229063 $14550000 $246250098 $4433695 $14550000 $89604 $28890 $60713 $000 $6289777 $14550000 $249139199 $4433695 $14550000 $89604 $28890 $60713 $000 $6350490 $14550000 $2520281

100 $4433695 $14550000 $89604 $28890 $60713 $000 $6411204 $14550000 $2549171101 $4433695 $14550000 $89604 $28890 $60713 $000 $6471917 $14550000 $2578061102 $4433695 $14550000 $89604 $28890 $60713 $000 $6532631 $14550000 $2606952103 $4433695 $14550000 $89604 $28890 $60713 $000 $6593344 $14550000 $2635842104 $4433695 $14550000 $89604 $28890 $60713 $000 $6654058 $14550000 $2664732105 $4433695 $14550000 $89604 $28890 $60713 $000 $6714771 $14550000 $2693623106 $4433695 $14550000 $89604 $28890 $60713 $000 $6775485 $14550000 $2722513107 $4433695 $14550000 $89604 $28890 $60713 $000 $6836198 $14550000 $2751403108 $4433695 $14550000 $89604 $28890 $60713 $000 $6896912 $14550000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $14550000 $89604 $29757 $59847 $000 $6956758 $14550000 $2810050110 $4566706 $14550000 $89604 $29757 $59847 $000 $7016605 $14550000 $2839807111 $4566706 $14550000 $89604 $29757 $59847 $000 $7076452 $14550000 $2869564112 $4566706 $14550000 $89604 $29757 $59847 $000 $7136299 $14550000 $2899321113 $4566706 $14550000 $89604 $29757 $59847 $000 $7196145 $14550000 $2929078114 $4566706 $14550000 $89604 $29757 $59847 $000 $7255992 $14550000 $2958835115 $4566706 $14550000 $89604 $29757 $59847 $000 $7315839 $14550000 $2988592116 $4566706 $14550000 $89604 $29757 $59847 $000 $7375686 $14550000 $3018349117 $4566706 $14550000 $89604 $29757 $59847 $000 $7435533 $14550000 $3048106118 $4566706 $14550000 $89604 $29757 $59847 $000 $7495379 $14550000 $3077863119 $4566706 $14550000 $89604 $29757 $59847 $000 $7555226 $14550000 $3107620120 $4566706 $14550000 $89604 $29757 $59847 $000 $7615073 $14550000 $3137377F $4566706 $14550000 $14550000 $7615073 $000 $3137377F $4566706 $000 $7615073 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 837 AM

Loan Forgiveness








Interest Rate

First Loan 145500 739 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 837 AM











10000



1 of 5 3813 838 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $8600000 $50382 $22806 $27575 $000 $27575 $8600000 $228062 $3500000 $8600000 $50382 $22806 $27575 $000 $55151 $8600000 $456123 $3500000 $8600000 $50382 $22806 $27575 $000 $82726 $8600000 $684194 $3500000 $8600000 $50382 $22806 $27575 $000 $110302 $8600000 $912255 $3500000 $8600000 $50382 $22806 $27575 $000 $137877 $8600000 $1140316 $3500000 $8600000 $50382 $22806 $27575 $000 $165452 $8600000 $1368387 $3500000 $8600000 $50382 $22806 $27575 $000 $193028 $8600000 $1596448 $3500000 $8600000 $50382 $22806 $27575 $000 $220603 $8600000 $1824509 $3500000 $8600000 $50382 $22806 $27575 $000 $248179 $8600000 $205256

10 $3500000 $8600000 $50382 $22806 $27575 $000 $275754 $8600000 $22806211 $3500000 $8600000 $50382 $22806 $27575 $000 $303330 $8600000 $25086912 $3500000 $8600000 $50382 $22806 $27575 $000 $330905 $8600000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $8600000 $50382 $23490 $26891 $000 $357796 $8600000 $29716514 $3605000 $8600000 $50382 $23490 $26891 $000 $384687 $8600000 $32065615 $3605000 $8600000 $50382 $23490 $26891 $000 $411579 $8600000 $34414616 $3605000 $8600000 $50382 $23490 $26891 $000 $438470 $8600000 $36763717 $3605000 $8600000 $50382 $23490 $26891 $000 $465361 $8600000 $39112718 $3605000 $8600000 $50382 $23490 $26891 $000 $492252 $8600000 $41461819 $3605000 $8600000 $50382 $23490 $26891 $000 $519144 $8600000 $43810820 $3605000 $8600000 $50382 $23490 $26891 $000 $546035 $8600000 $46159921 $3605000 $8600000 $50382 $23490 $26891 $000 $572926 $8600000 $48508922 $3605000 $8600000 $50382 $23490 $26891 $000 $599817 $8600000 $50857923 $3605000 $8600000 $50382 $23490 $26891 $000 $626709 $8600000 $53207024 $3605000 $8600000 $50382 $23490 $26891 $000 $653600 $8600000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $8600000 $50382 $24195 $26187 $000 $679786 $8600000 $57975526 $3713150 $8600000 $50382 $24195 $26187 $000 $705973 $8600000 $60395127 $3713150 $8600000 $50382 $24195 $26187 $000 $732159 $8600000 $62814628 $3713150 $8600000 $50382 $24195 $26187 $000 $758346 $8600000 $65234129 $3713150 $8600000 $50382 $24195 $26187 $000 $784532 $8600000 $67653630 $3713150 $8600000 $50382 $24195 $26187 $000 $810719 $8600000 $70073131 $3713150 $8600000 $50382 $24195 $26187 $000 $836905 $8600000 $72492632 $3713150 $8600000 $50382 $24195 $26187 $000 $863092 $8600000 $74912133 $3713150 $8600000 $50382 $24195 $26187 $000 $889278 $8600000 $77331734 $3713150 $8600000 $50382 $24195 $26187 $000 $915465 $8600000 $79751235 $3713150 $8600000 $50382 $24195 $26187 $000 $941651 $8600000 $82170736 $3713150 $8600000 $50382 $24195 $26187 $000 $967838 $8600000 $845902


2 of 5 3813 838 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $8600000 $50382 $24921 $25461 $000 $993299 $8600000 $87082338 $3824544 $8600000 $50382 $24921 $25461 $000 $1018759 $8600000 $89574439 $3824544 $8600000 $50382 $24921 $25461 $000 $1044220 $8600000 $92066540 $3824544 $8600000 $50382 $24921 $25461 $000 $1069681 $8600000 $94558641 $3824544 $8600000 $50382 $24921 $25461 $000 $1095141 $8600000 $97050742 $3824544 $8600000 $50382 $24921 $25461 $000 $1120602 $8600000 $99542843 $3824544 $8600000 $50382 $24921 $25461 $000 $1146063 $8600000 $102034944 $3824544 $8600000 $50382 $24921 $25461 $000 $1171523 $8600000 $104527045 $3824544 $8600000 $50382 $24921 $25461 $000 $1196984 $8600000 $107019146 $3824544 $8600000 $50382 $24921 $25461 $000 $1222445 $8600000 $109511247 $3824544 $8600000 $50382 $24921 $25461 $000 $1247905 $8600000 $112003348 $3824544 $8600000 $50382 $24921 $25461 $000 $1273366 $8600000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $8600000 $50382 $25669 $24713 $000 $1298079 $8600000 $117062350 $3939281 $8600000 $50382 $25669 $24713 $000 $1322792 $8600000 $119629151 $3939281 $8600000 $50382 $25669 $24713 $000 $1347505 $8600000 $122196052 $3939281 $8600000 $50382 $25669 $24713 $000 $1372218 $8600000 $124762953 $3939281 $8600000 $50382 $25669 $24713 $000 $1396931 $8600000 $127329754 $3939281 $8600000 $50382 $25669 $24713 $000 $1421644 $8600000 $129896655 $3939281 $8600000 $50382 $25669 $24713 $000 $1446357 $8600000 $132463556 $3939281 $8600000 $50382 $25669 $24713 $000 $1471070 $8600000 $135030357 $3939281 $8600000 $50382 $25669 $24713 $000 $1495783 $8600000 $137597258 $3939281 $8600000 $50382 $25669 $24713 $000 $1520496 $8600000 $140164059 $3939281 $8600000 $50382 $25669 $24713 $000 $1545209 $8600000 $142730960 $3939281 $8600000 $50382 $25669 $24713 $000 $1569922 $8600000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $8600000 $50382 $26439 $23943 $000 $1593865 $8600000 $147941662 $4057459 $8600000 $50382 $26439 $23943 $000 $1617808 $8600000 $150585563 $4057459 $8600000 $50382 $26439 $23943 $000 $1641751 $8600000 $153229464 $4057459 $8600000 $50382 $26439 $23943 $000 $1665694 $8600000 $155873365 $4057459 $8600000 $50382 $26439 $23943 $000 $1689637 $8600000 $158517166 $4057459 $8600000 $50382 $26439 $23943 $000 $1713580 $8600000 $161161067 $4057459 $8600000 $50382 $26439 $23943 $000 $1737523 $8600000 $163804968 $4057459 $8600000 $50382 $26439 $23943 $000 $1761466 $8600000 $166448769 $4057459 $8600000 $50382 $26439 $23943 $000 $1785409 $8600000 $169092670 $4057459 $8600000 $50382 $26439 $23943 $000 $1809352 $8600000 $171736571 $4057459 $8600000 $50382 $26439 $23943 $000 $1833295 $8600000 $174380372 $4057459 $8600000 $50382 $26439 $23943 $000 $1857238 $8600000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $8600000 $50382 $27232 $23150 $000 $1880388 $8600000 $179747474 $4179183 $8600000 $50382 $27232 $23150 $000 $1903538 $8600000 $182470675 $4179183 $8600000 $50382 $27232 $23150 $000 $1926687 $8600000 $185193876 $4179183 $8600000 $50382 $27232 $23150 $000 $1949837 $8600000 $187916977 $4179183 $8600000 $50382 $27232 $23150 $000 $1972987 $8600000 $190640178 $4179183 $8600000 $50382 $27232 $23150 $000 $1996137 $8600000 $193363379 $4179183 $8600000 $50382 $27232 $23150 $000 $2019287 $8600000 $196086580 $4179183 $8600000 $50382 $27232 $23150 $000 $2042436 $8600000 $198809781 $4179183 $8600000 $50382 $27232 $23150 $000 $2065586 $8600000 $201532982 $4179183 $8600000 $50382 $27232 $23150 $000 $2088736 $8600000 $204256183 $4179183 $8600000 $50382 $27232 $23150 $000 $2111886 $8600000 $2069792


3 of 5 3813 838 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39

Loan Forgiveness








Interest Rate

First Loan 145500 739 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 837 AM











10000



1 of 5 3813 838 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $8600000 $50382 $22806 $27575 $000 $27575 $8600000 $228062 $3500000 $8600000 $50382 $22806 $27575 $000 $55151 $8600000 $456123 $3500000 $8600000 $50382 $22806 $27575 $000 $82726 $8600000 $684194 $3500000 $8600000 $50382 $22806 $27575 $000 $110302 $8600000 $912255 $3500000 $8600000 $50382 $22806 $27575 $000 $137877 $8600000 $1140316 $3500000 $8600000 $50382 $22806 $27575 $000 $165452 $8600000 $1368387 $3500000 $8600000 $50382 $22806 $27575 $000 $193028 $8600000 $1596448 $3500000 $8600000 $50382 $22806 $27575 $000 $220603 $8600000 $1824509 $3500000 $8600000 $50382 $22806 $27575 $000 $248179 $8600000 $205256

10 $3500000 $8600000 $50382 $22806 $27575 $000 $275754 $8600000 $22806211 $3500000 $8600000 $50382 $22806 $27575 $000 $303330 $8600000 $25086912 $3500000 $8600000 $50382 $22806 $27575 $000 $330905 $8600000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $8600000 $50382 $23490 $26891 $000 $357796 $8600000 $29716514 $3605000 $8600000 $50382 $23490 $26891 $000 $384687 $8600000 $32065615 $3605000 $8600000 $50382 $23490 $26891 $000 $411579 $8600000 $34414616 $3605000 $8600000 $50382 $23490 $26891 $000 $438470 $8600000 $36763717 $3605000 $8600000 $50382 $23490 $26891 $000 $465361 $8600000 $39112718 $3605000 $8600000 $50382 $23490 $26891 $000 $492252 $8600000 $41461819 $3605000 $8600000 $50382 $23490 $26891 $000 $519144 $8600000 $43810820 $3605000 $8600000 $50382 $23490 $26891 $000 $546035 $8600000 $46159921 $3605000 $8600000 $50382 $23490 $26891 $000 $572926 $8600000 $48508922 $3605000 $8600000 $50382 $23490 $26891 $000 $599817 $8600000 $50857923 $3605000 $8600000 $50382 $23490 $26891 $000 $626709 $8600000 $53207024 $3605000 $8600000 $50382 $23490 $26891 $000 $653600 $8600000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $8600000 $50382 $24195 $26187 $000 $679786 $8600000 $57975526 $3713150 $8600000 $50382 $24195 $26187 $000 $705973 $8600000 $60395127 $3713150 $8600000 $50382 $24195 $26187 $000 $732159 $8600000 $62814628 $3713150 $8600000 $50382 $24195 $26187 $000 $758346 $8600000 $65234129 $3713150 $8600000 $50382 $24195 $26187 $000 $784532 $8600000 $67653630 $3713150 $8600000 $50382 $24195 $26187 $000 $810719 $8600000 $70073131 $3713150 $8600000 $50382 $24195 $26187 $000 $836905 $8600000 $72492632 $3713150 $8600000 $50382 $24195 $26187 $000 $863092 $8600000 $74912133 $3713150 $8600000 $50382 $24195 $26187 $000 $889278 $8600000 $77331734 $3713150 $8600000 $50382 $24195 $26187 $000 $915465 $8600000 $79751235 $3713150 $8600000 $50382 $24195 $26187 $000 $941651 $8600000 $82170736 $3713150 $8600000 $50382 $24195 $26187 $000 $967838 $8600000 $845902


2 of 5 3813 838 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $8600000 $50382 $24921 $25461 $000 $993299 $8600000 $87082338 $3824544 $8600000 $50382 $24921 $25461 $000 $1018759 $8600000 $89574439 $3824544 $8600000 $50382 $24921 $25461 $000 $1044220 $8600000 $92066540 $3824544 $8600000 $50382 $24921 $25461 $000 $1069681 $8600000 $94558641 $3824544 $8600000 $50382 $24921 $25461 $000 $1095141 $8600000 $97050742 $3824544 $8600000 $50382 $24921 $25461 $000 $1120602 $8600000 $99542843 $3824544 $8600000 $50382 $24921 $25461 $000 $1146063 $8600000 $102034944 $3824544 $8600000 $50382 $24921 $25461 $000 $1171523 $8600000 $104527045 $3824544 $8600000 $50382 $24921 $25461 $000 $1196984 $8600000 $107019146 $3824544 $8600000 $50382 $24921 $25461 $000 $1222445 $8600000 $109511247 $3824544 $8600000 $50382 $24921 $25461 $000 $1247905 $8600000 $112003348 $3824544 $8600000 $50382 $24921 $25461 $000 $1273366 $8600000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $8600000 $50382 $25669 $24713 $000 $1298079 $8600000 $117062350 $3939281 $8600000 $50382 $25669 $24713 $000 $1322792 $8600000 $119629151 $3939281 $8600000 $50382 $25669 $24713 $000 $1347505 $8600000 $122196052 $3939281 $8600000 $50382 $25669 $24713 $000 $1372218 $8600000 $124762953 $3939281 $8600000 $50382 $25669 $24713 $000 $1396931 $8600000 $127329754 $3939281 $8600000 $50382 $25669 $24713 $000 $1421644 $8600000 $129896655 $3939281 $8600000 $50382 $25669 $24713 $000 $1446357 $8600000 $132463556 $3939281 $8600000 $50382 $25669 $24713 $000 $1471070 $8600000 $135030357 $3939281 $8600000 $50382 $25669 $24713 $000 $1495783 $8600000 $137597258 $3939281 $8600000 $50382 $25669 $24713 $000 $1520496 $8600000 $140164059 $3939281 $8600000 $50382 $25669 $24713 $000 $1545209 $8600000 $142730960 $3939281 $8600000 $50382 $25669 $24713 $000 $1569922 $8600000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $8600000 $50382 $26439 $23943 $000 $1593865 $8600000 $147941662 $4057459 $8600000 $50382 $26439 $23943 $000 $1617808 $8600000 $150585563 $4057459 $8600000 $50382 $26439 $23943 $000 $1641751 $8600000 $153229464 $4057459 $8600000 $50382 $26439 $23943 $000 $1665694 $8600000 $155873365 $4057459 $8600000 $50382 $26439 $23943 $000 $1689637 $8600000 $158517166 $4057459 $8600000 $50382 $26439 $23943 $000 $1713580 $8600000 $161161067 $4057459 $8600000 $50382 $26439 $23943 $000 $1737523 $8600000 $163804968 $4057459 $8600000 $50382 $26439 $23943 $000 $1761466 $8600000 $166448769 $4057459 $8600000 $50382 $26439 $23943 $000 $1785409 $8600000 $169092670 $4057459 $8600000 $50382 $26439 $23943 $000 $1809352 $8600000 $171736571 $4057459 $8600000 $50382 $26439 $23943 $000 $1833295 $8600000 $174380372 $4057459 $8600000 $50382 $26439 $23943 $000 $1857238 $8600000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $8600000 $50382 $27232 $23150 $000 $1880388 $8600000 $179747474 $4179183 $8600000 $50382 $27232 $23150 $000 $1903538 $8600000 $182470675 $4179183 $8600000 $50382 $27232 $23150 $000 $1926687 $8600000 $185193876 $4179183 $8600000 $50382 $27232 $23150 $000 $1949837 $8600000 $187916977 $4179183 $8600000 $50382 $27232 $23150 $000 $1972987 $8600000 $190640178 $4179183 $8600000 $50382 $27232 $23150 $000 $1996137 $8600000 $193363379 $4179183 $8600000 $50382 $27232 $23150 $000 $2019287 $8600000 $196086580 $4179183 $8600000 $50382 $27232 $23150 $000 $2042436 $8600000 $198809781 $4179183 $8600000 $50382 $27232 $23150 $000 $2065586 $8600000 $201532982 $4179183 $8600000 $50382 $27232 $23150 $000 $2088736 $8600000 $204256183 $4179183 $8600000 $50382 $27232 $23150 $000 $2111886 $8600000 $2069792


3 of 5 3813 838 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39











10000



1 of 5 3813 838 AM




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $8600000 $50382 $22806 $27575 $000 $27575 $8600000 $228062 $3500000 $8600000 $50382 $22806 $27575 $000 $55151 $8600000 $456123 $3500000 $8600000 $50382 $22806 $27575 $000 $82726 $8600000 $684194 $3500000 $8600000 $50382 $22806 $27575 $000 $110302 $8600000 $912255 $3500000 $8600000 $50382 $22806 $27575 $000 $137877 $8600000 $1140316 $3500000 $8600000 $50382 $22806 $27575 $000 $165452 $8600000 $1368387 $3500000 $8600000 $50382 $22806 $27575 $000 $193028 $8600000 $1596448 $3500000 $8600000 $50382 $22806 $27575 $000 $220603 $8600000 $1824509 $3500000 $8600000 $50382 $22806 $27575 $000 $248179 $8600000 $205256

10 $3500000 $8600000 $50382 $22806 $27575 $000 $275754 $8600000 $22806211 $3500000 $8600000 $50382 $22806 $27575 $000 $303330 $8600000 $25086912 $3500000 $8600000 $50382 $22806 $27575 $000 $330905 $8600000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $8600000 $50382 $23490 $26891 $000 $357796 $8600000 $29716514 $3605000 $8600000 $50382 $23490 $26891 $000 $384687 $8600000 $32065615 $3605000 $8600000 $50382 $23490 $26891 $000 $411579 $8600000 $34414616 $3605000 $8600000 $50382 $23490 $26891 $000 $438470 $8600000 $36763717 $3605000 $8600000 $50382 $23490 $26891 $000 $465361 $8600000 $39112718 $3605000 $8600000 $50382 $23490 $26891 $000 $492252 $8600000 $41461819 $3605000 $8600000 $50382 $23490 $26891 $000 $519144 $8600000 $43810820 $3605000 $8600000 $50382 $23490 $26891 $000 $546035 $8600000 $46159921 $3605000 $8600000 $50382 $23490 $26891 $000 $572926 $8600000 $48508922 $3605000 $8600000 $50382 $23490 $26891 $000 $599817 $8600000 $50857923 $3605000 $8600000 $50382 $23490 $26891 $000 $626709 $8600000 $53207024 $3605000 $8600000 $50382 $23490 $26891 $000 $653600 $8600000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $8600000 $50382 $24195 $26187 $000 $679786 $8600000 $57975526 $3713150 $8600000 $50382 $24195 $26187 $000 $705973 $8600000 $60395127 $3713150 $8600000 $50382 $24195 $26187 $000 $732159 $8600000 $62814628 $3713150 $8600000 $50382 $24195 $26187 $000 $758346 $8600000 $65234129 $3713150 $8600000 $50382 $24195 $26187 $000 $784532 $8600000 $67653630 $3713150 $8600000 $50382 $24195 $26187 $000 $810719 $8600000 $70073131 $3713150 $8600000 $50382 $24195 $26187 $000 $836905 $8600000 $72492632 $3713150 $8600000 $50382 $24195 $26187 $000 $863092 $8600000 $74912133 $3713150 $8600000 $50382 $24195 $26187 $000 $889278 $8600000 $77331734 $3713150 $8600000 $50382 $24195 $26187 $000 $915465 $8600000 $79751235 $3713150 $8600000 $50382 $24195 $26187 $000 $941651 $8600000 $82170736 $3713150 $8600000 $50382 $24195 $26187 $000 $967838 $8600000 $845902


2 of 5 3813 838 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $8600000 $50382 $24921 $25461 $000 $993299 $8600000 $87082338 $3824544 $8600000 $50382 $24921 $25461 $000 $1018759 $8600000 $89574439 $3824544 $8600000 $50382 $24921 $25461 $000 $1044220 $8600000 $92066540 $3824544 $8600000 $50382 $24921 $25461 $000 $1069681 $8600000 $94558641 $3824544 $8600000 $50382 $24921 $25461 $000 $1095141 $8600000 $97050742 $3824544 $8600000 $50382 $24921 $25461 $000 $1120602 $8600000 $99542843 $3824544 $8600000 $50382 $24921 $25461 $000 $1146063 $8600000 $102034944 $3824544 $8600000 $50382 $24921 $25461 $000 $1171523 $8600000 $104527045 $3824544 $8600000 $50382 $24921 $25461 $000 $1196984 $8600000 $107019146 $3824544 $8600000 $50382 $24921 $25461 $000 $1222445 $8600000 $109511247 $3824544 $8600000 $50382 $24921 $25461 $000 $1247905 $8600000 $112003348 $3824544 $8600000 $50382 $24921 $25461 $000 $1273366 $8600000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $8600000 $50382 $25669 $24713 $000 $1298079 $8600000 $117062350 $3939281 $8600000 $50382 $25669 $24713 $000 $1322792 $8600000 $119629151 $3939281 $8600000 $50382 $25669 $24713 $000 $1347505 $8600000 $122196052 $3939281 $8600000 $50382 $25669 $24713 $000 $1372218 $8600000 $124762953 $3939281 $8600000 $50382 $25669 $24713 $000 $1396931 $8600000 $127329754 $3939281 $8600000 $50382 $25669 $24713 $000 $1421644 $8600000 $129896655 $3939281 $8600000 $50382 $25669 $24713 $000 $1446357 $8600000 $132463556 $3939281 $8600000 $50382 $25669 $24713 $000 $1471070 $8600000 $135030357 $3939281 $8600000 $50382 $25669 $24713 $000 $1495783 $8600000 $137597258 $3939281 $8600000 $50382 $25669 $24713 $000 $1520496 $8600000 $140164059 $3939281 $8600000 $50382 $25669 $24713 $000 $1545209 $8600000 $142730960 $3939281 $8600000 $50382 $25669 $24713 $000 $1569922 $8600000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $8600000 $50382 $26439 $23943 $000 $1593865 $8600000 $147941662 $4057459 $8600000 $50382 $26439 $23943 $000 $1617808 $8600000 $150585563 $4057459 $8600000 $50382 $26439 $23943 $000 $1641751 $8600000 $153229464 $4057459 $8600000 $50382 $26439 $23943 $000 $1665694 $8600000 $155873365 $4057459 $8600000 $50382 $26439 $23943 $000 $1689637 $8600000 $158517166 $4057459 $8600000 $50382 $26439 $23943 $000 $1713580 $8600000 $161161067 $4057459 $8600000 $50382 $26439 $23943 $000 $1737523 $8600000 $163804968 $4057459 $8600000 $50382 $26439 $23943 $000 $1761466 $8600000 $166448769 $4057459 $8600000 $50382 $26439 $23943 $000 $1785409 $8600000 $169092670 $4057459 $8600000 $50382 $26439 $23943 $000 $1809352 $8600000 $171736571 $4057459 $8600000 $50382 $26439 $23943 $000 $1833295 $8600000 $174380372 $4057459 $8600000 $50382 $26439 $23943 $000 $1857238 $8600000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $8600000 $50382 $27232 $23150 $000 $1880388 $8600000 $179747474 $4179183 $8600000 $50382 $27232 $23150 $000 $1903538 $8600000 $182470675 $4179183 $8600000 $50382 $27232 $23150 $000 $1926687 $8600000 $185193876 $4179183 $8600000 $50382 $27232 $23150 $000 $1949837 $8600000 $187916977 $4179183 $8600000 $50382 $27232 $23150 $000 $1972987 $8600000 $190640178 $4179183 $8600000 $50382 $27232 $23150 $000 $1996137 $8600000 $193363379 $4179183 $8600000 $50382 $27232 $23150 $000 $2019287 $8600000 $196086580 $4179183 $8600000 $50382 $27232 $23150 $000 $2042436 $8600000 $198809781 $4179183 $8600000 $50382 $27232 $23150 $000 $2065586 $8600000 $201532982 $4179183 $8600000 $50382 $27232 $23150 $000 $2088736 $8600000 $204256183 $4179183 $8600000 $50382 $27232 $23150 $000 $2111886 $8600000 $2069792


3 of 5 3813 838 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39




PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

1 $3500000 $8600000 $50382 $22806 $27575 $000 $27575 $8600000 $228062 $3500000 $8600000 $50382 $22806 $27575 $000 $55151 $8600000 $456123 $3500000 $8600000 $50382 $22806 $27575 $000 $82726 $8600000 $684194 $3500000 $8600000 $50382 $22806 $27575 $000 $110302 $8600000 $912255 $3500000 $8600000 $50382 $22806 $27575 $000 $137877 $8600000 $1140316 $3500000 $8600000 $50382 $22806 $27575 $000 $165452 $8600000 $1368387 $3500000 $8600000 $50382 $22806 $27575 $000 $193028 $8600000 $1596448 $3500000 $8600000 $50382 $22806 $27575 $000 $220603 $8600000 $1824509 $3500000 $8600000 $50382 $22806 $27575 $000 $248179 $8600000 $205256

10 $3500000 $8600000 $50382 $22806 $27575 $000 $275754 $8600000 $22806211 $3500000 $8600000 $50382 $22806 $27575 $000 $303330 $8600000 $25086912 $3500000 $8600000 $50382 $22806 $27575 $000 $330905 $8600000 $273675

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

13 $3605000 $8600000 $50382 $23490 $26891 $000 $357796 $8600000 $29716514 $3605000 $8600000 $50382 $23490 $26891 $000 $384687 $8600000 $32065615 $3605000 $8600000 $50382 $23490 $26891 $000 $411579 $8600000 $34414616 $3605000 $8600000 $50382 $23490 $26891 $000 $438470 $8600000 $36763717 $3605000 $8600000 $50382 $23490 $26891 $000 $465361 $8600000 $39112718 $3605000 $8600000 $50382 $23490 $26891 $000 $492252 $8600000 $41461819 $3605000 $8600000 $50382 $23490 $26891 $000 $519144 $8600000 $43810820 $3605000 $8600000 $50382 $23490 $26891 $000 $546035 $8600000 $46159921 $3605000 $8600000 $50382 $23490 $26891 $000 $572926 $8600000 $48508922 $3605000 $8600000 $50382 $23490 $26891 $000 $599817 $8600000 $50857923 $3605000 $8600000 $50382 $23490 $26891 $000 $626709 $8600000 $53207024 $3605000 $8600000 $50382 $23490 $26891 $000 $653600 $8600000 $555560

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

25 $3713150 $8600000 $50382 $24195 $26187 $000 $679786 $8600000 $57975526 $3713150 $8600000 $50382 $24195 $26187 $000 $705973 $8600000 $60395127 $3713150 $8600000 $50382 $24195 $26187 $000 $732159 $8600000 $62814628 $3713150 $8600000 $50382 $24195 $26187 $000 $758346 $8600000 $65234129 $3713150 $8600000 $50382 $24195 $26187 $000 $784532 $8600000 $67653630 $3713150 $8600000 $50382 $24195 $26187 $000 $810719 $8600000 $70073131 $3713150 $8600000 $50382 $24195 $26187 $000 $836905 $8600000 $72492632 $3713150 $8600000 $50382 $24195 $26187 $000 $863092 $8600000 $74912133 $3713150 $8600000 $50382 $24195 $26187 $000 $889278 $8600000 $77331734 $3713150 $8600000 $50382 $24195 $26187 $000 $915465 $8600000 $79751235 $3713150 $8600000 $50382 $24195 $26187 $000 $941651 $8600000 $82170736 $3713150 $8600000 $50382 $24195 $26187 $000 $967838 $8600000 $845902


2 of 5 3813 838 AM

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $8600000 $50382 $24921 $25461 $000 $993299 $8600000 $87082338 $3824544 $8600000 $50382 $24921 $25461 $000 $1018759 $8600000 $89574439 $3824544 $8600000 $50382 $24921 $25461 $000 $1044220 $8600000 $92066540 $3824544 $8600000 $50382 $24921 $25461 $000 $1069681 $8600000 $94558641 $3824544 $8600000 $50382 $24921 $25461 $000 $1095141 $8600000 $97050742 $3824544 $8600000 $50382 $24921 $25461 $000 $1120602 $8600000 $99542843 $3824544 $8600000 $50382 $24921 $25461 $000 $1146063 $8600000 $102034944 $3824544 $8600000 $50382 $24921 $25461 $000 $1171523 $8600000 $104527045 $3824544 $8600000 $50382 $24921 $25461 $000 $1196984 $8600000 $107019146 $3824544 $8600000 $50382 $24921 $25461 $000 $1222445 $8600000 $109511247 $3824544 $8600000 $50382 $24921 $25461 $000 $1247905 $8600000 $112003348 $3824544 $8600000 $50382 $24921 $25461 $000 $1273366 $8600000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $8600000 $50382 $25669 $24713 $000 $1298079 $8600000 $117062350 $3939281 $8600000 $50382 $25669 $24713 $000 $1322792 $8600000 $119629151 $3939281 $8600000 $50382 $25669 $24713 $000 $1347505 $8600000 $122196052 $3939281 $8600000 $50382 $25669 $24713 $000 $1372218 $8600000 $124762953 $3939281 $8600000 $50382 $25669 $24713 $000 $1396931 $8600000 $127329754 $3939281 $8600000 $50382 $25669 $24713 $000 $1421644 $8600000 $129896655 $3939281 $8600000 $50382 $25669 $24713 $000 $1446357 $8600000 $132463556 $3939281 $8600000 $50382 $25669 $24713 $000 $1471070 $8600000 $135030357 $3939281 $8600000 $50382 $25669 $24713 $000 $1495783 $8600000 $137597258 $3939281 $8600000 $50382 $25669 $24713 $000 $1520496 $8600000 $140164059 $3939281 $8600000 $50382 $25669 $24713 $000 $1545209 $8600000 $142730960 $3939281 $8600000 $50382 $25669 $24713 $000 $1569922 $8600000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $8600000 $50382 $26439 $23943 $000 $1593865 $8600000 $147941662 $4057459 $8600000 $50382 $26439 $23943 $000 $1617808 $8600000 $150585563 $4057459 $8600000 $50382 $26439 $23943 $000 $1641751 $8600000 $153229464 $4057459 $8600000 $50382 $26439 $23943 $000 $1665694 $8600000 $155873365 $4057459 $8600000 $50382 $26439 $23943 $000 $1689637 $8600000 $158517166 $4057459 $8600000 $50382 $26439 $23943 $000 $1713580 $8600000 $161161067 $4057459 $8600000 $50382 $26439 $23943 $000 $1737523 $8600000 $163804968 $4057459 $8600000 $50382 $26439 $23943 $000 $1761466 $8600000 $166448769 $4057459 $8600000 $50382 $26439 $23943 $000 $1785409 $8600000 $169092670 $4057459 $8600000 $50382 $26439 $23943 $000 $1809352 $8600000 $171736571 $4057459 $8600000 $50382 $26439 $23943 $000 $1833295 $8600000 $174380372 $4057459 $8600000 $50382 $26439 $23943 $000 $1857238 $8600000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $8600000 $50382 $27232 $23150 $000 $1880388 $8600000 $179747474 $4179183 $8600000 $50382 $27232 $23150 $000 $1903538 $8600000 $182470675 $4179183 $8600000 $50382 $27232 $23150 $000 $1926687 $8600000 $185193876 $4179183 $8600000 $50382 $27232 $23150 $000 $1949837 $8600000 $187916977 $4179183 $8600000 $50382 $27232 $23150 $000 $1972987 $8600000 $190640178 $4179183 $8600000 $50382 $27232 $23150 $000 $1996137 $8600000 $193363379 $4179183 $8600000 $50382 $27232 $23150 $000 $2019287 $8600000 $196086580 $4179183 $8600000 $50382 $27232 $23150 $000 $2042436 $8600000 $198809781 $4179183 $8600000 $50382 $27232 $23150 $000 $2065586 $8600000 $201532982 $4179183 $8600000 $50382 $27232 $23150 $000 $2088736 $8600000 $204256183 $4179183 $8600000 $50382 $27232 $23150 $000 $2111886 $8600000 $2069792


3 of 5 3813 838 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

37 $3824544 $8600000 $50382 $24921 $25461 $000 $993299 $8600000 $87082338 $3824544 $8600000 $50382 $24921 $25461 $000 $1018759 $8600000 $89574439 $3824544 $8600000 $50382 $24921 $25461 $000 $1044220 $8600000 $92066540 $3824544 $8600000 $50382 $24921 $25461 $000 $1069681 $8600000 $94558641 $3824544 $8600000 $50382 $24921 $25461 $000 $1095141 $8600000 $97050742 $3824544 $8600000 $50382 $24921 $25461 $000 $1120602 $8600000 $99542843 $3824544 $8600000 $50382 $24921 $25461 $000 $1146063 $8600000 $102034944 $3824544 $8600000 $50382 $24921 $25461 $000 $1171523 $8600000 $104527045 $3824544 $8600000 $50382 $24921 $25461 $000 $1196984 $8600000 $107019146 $3824544 $8600000 $50382 $24921 $25461 $000 $1222445 $8600000 $109511247 $3824544 $8600000 $50382 $24921 $25461 $000 $1247905 $8600000 $112003348 $3824544 $8600000 $50382 $24921 $25461 $000 $1273366 $8600000 $1144954

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

49 $3939281 $8600000 $50382 $25669 $24713 $000 $1298079 $8600000 $117062350 $3939281 $8600000 $50382 $25669 $24713 $000 $1322792 $8600000 $119629151 $3939281 $8600000 $50382 $25669 $24713 $000 $1347505 $8600000 $122196052 $3939281 $8600000 $50382 $25669 $24713 $000 $1372218 $8600000 $124762953 $3939281 $8600000 $50382 $25669 $24713 $000 $1396931 $8600000 $127329754 $3939281 $8600000 $50382 $25669 $24713 $000 $1421644 $8600000 $129896655 $3939281 $8600000 $50382 $25669 $24713 $000 $1446357 $8600000 $132463556 $3939281 $8600000 $50382 $25669 $24713 $000 $1471070 $8600000 $135030357 $3939281 $8600000 $50382 $25669 $24713 $000 $1495783 $8600000 $137597258 $3939281 $8600000 $50382 $25669 $24713 $000 $1520496 $8600000 $140164059 $3939281 $8600000 $50382 $25669 $24713 $000 $1545209 $8600000 $142730960 $3939281 $8600000 $50382 $25669 $24713 $000 $1569922 $8600000 $1452978

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

61 $4057459 $8600000 $50382 $26439 $23943 $000 $1593865 $8600000 $147941662 $4057459 $8600000 $50382 $26439 $23943 $000 $1617808 $8600000 $150585563 $4057459 $8600000 $50382 $26439 $23943 $000 $1641751 $8600000 $153229464 $4057459 $8600000 $50382 $26439 $23943 $000 $1665694 $8600000 $155873365 $4057459 $8600000 $50382 $26439 $23943 $000 $1689637 $8600000 $158517166 $4057459 $8600000 $50382 $26439 $23943 $000 $1713580 $8600000 $161161067 $4057459 $8600000 $50382 $26439 $23943 $000 $1737523 $8600000 $163804968 $4057459 $8600000 $50382 $26439 $23943 $000 $1761466 $8600000 $166448769 $4057459 $8600000 $50382 $26439 $23943 $000 $1785409 $8600000 $169092670 $4057459 $8600000 $50382 $26439 $23943 $000 $1809352 $8600000 $171736571 $4057459 $8600000 $50382 $26439 $23943 $000 $1833295 $8600000 $174380372 $4057459 $8600000 $50382 $26439 $23943 $000 $1857238 $8600000 $1770242

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

73 $4179183 $8600000 $50382 $27232 $23150 $000 $1880388 $8600000 $179747474 $4179183 $8600000 $50382 $27232 $23150 $000 $1903538 $8600000 $182470675 $4179183 $8600000 $50382 $27232 $23150 $000 $1926687 $8600000 $185193876 $4179183 $8600000 $50382 $27232 $23150 $000 $1949837 $8600000 $187916977 $4179183 $8600000 $50382 $27232 $23150 $000 $1972987 $8600000 $190640178 $4179183 $8600000 $50382 $27232 $23150 $000 $1996137 $8600000 $193363379 $4179183 $8600000 $50382 $27232 $23150 $000 $2019287 $8600000 $196086580 $4179183 $8600000 $50382 $27232 $23150 $000 $2042436 $8600000 $198809781 $4179183 $8600000 $50382 $27232 $23150 $000 $2065586 $8600000 $201532982 $4179183 $8600000 $50382 $27232 $23150 $000 $2088736 $8600000 $204256183 $4179183 $8600000 $50382 $27232 $23150 $000 $2111886 $8600000 $2069792


3 of 5 3813 838 AM


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39


LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

85 $4304559 $8600000 $50382 $28049 $22333 $000 $2157369 $8600000 $212507386 $4304559 $8600000 $50382 $28049 $22333 $000 $2179701 $8600000 $215312287 $4304559 $8600000 $50382 $28049 $22333 $000 $2202034 $8600000 $218117188 $4304559 $8600000 $50382 $28049 $22333 $000 $2224367 $8600000 $220922089 $4304559 $8600000 $50382 $28049 $22333 $000 $2246700 $8600000 $223726890 $4304559 $8600000 $50382 $28049 $22333 $000 $2269033 $8600000 $226531791 $4304559 $8600000 $50382 $28049 $22333 $000 $2291366 $8600000 $229336692 $4304559 $8600000 $50382 $28049 $22333 $000 $2313699 $8600000 $232141593 $4304559 $8600000 $50382 $28049 $22333 $000 $2336031 $8600000 $234946494 $4304559 $8600000 $50382 $28049 $22333 $000 $2358364 $8600000 $237751295 $4304559 $8600000 $50382 $28049 $22333 $000 $2380697 $8600000 $240556196 $4304559 $8600000 $50382 $28049 $22333 $000 $2403030 $8600000 $2433610

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

97 $4433695 $8600000 $50382 $28890 $21491 $000 $2424521 $8600000 $246250098 $4433695 $8600000 $50382 $28890 $21491 $000 $2446013 $8600000 $249139199 $4433695 $8600000 $50382 $28890 $21491 $000 $2467504 $8600000 $2520281

100 $4433695 $8600000 $50382 $28890 $21491 $000 $2488995 $8600000 $2549171101 $4433695 $8600000 $50382 $28890 $21491 $000 $2510487 $8600000 $2578061102 $4433695 $8600000 $50382 $28890 $21491 $000 $2531978 $8600000 $2606952103 $4433695 $8600000 $50382 $28890 $21491 $000 $2553470 $8600000 $2635842104 $4433695 $8600000 $50382 $28890 $21491 $000 $2574961 $8600000 $2664732105 $4433695 $8600000 $50382 $28890 $21491 $000 $2596452 $8600000 $2693623106 $4433695 $8600000 $50382 $28890 $21491 $000 $2617944 $8600000 $2722513107 $4433695 $8600000 $50382 $28890 $21491 $000 $2639435 $8600000 $2751403108 $4433695 $8600000 $50382 $28890 $21491 $000 $2660927 $8600000 $2780293

PaymentNumber AGI

LoanBalance

AccruedInterest

MonthlyPayment

UnpaidInterest

PrincipalPayment


NewBalance

TotalPaid

109 $4566706 $8600000 $50382 $29757 $20625 $000 $2681551 $8600000 $2810050110 $4566706 $8600000 $50382 $29757 $20625 $000 $2702176 $8600000 $2839807111 $4566706 $8600000 $50382 $29757 $20625 $000 $2722801 $8600000 $2869564112 $4566706 $8600000 $50382 $29757 $20625 $000 $2743425 $8600000 $2899321113 $4566706 $8600000 $50382 $29757 $20625 $000 $2764050 $8600000 $2929078114 $4566706 $8600000 $50382 $29757 $20625 $000 $2784675 $8600000 $2958835115 $4566706 $8600000 $50382 $29757 $20625 $000 $2805299 $8600000 $2988592116 $4566706 $8600000 $50382 $29757 $20625 $000 $2825924 $8600000 $3018349117 $4566706 $8600000 $50382 $29757 $20625 $000 $2846549 $8600000 $3048106118 $4566706 $8600000 $50382 $29757 $20625 $000 $2867173 $8600000 $3077863119 $4566706 $8600000 $50382 $29757 $20625 $000 $2887798 $8600000 $3107620120 $4566706 $8600000 $50382 $29757 $20625 $000 $2908423 $8600000 $3137377F $4566706 $8600000 $8600000 $2908423 $000 $3137377F $4566706 $000 $2908423 $000 $000 $3137377

Table Year2012

Family Size

1Discount Rate

3CPI

3


Income Growth Rate


3


4 of 5 3813 838 AM

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39

Loan Forgiveness








Interest Rate

First Loan 86000 703 0 68





after month 0 0


Next Steps





wwwFinAidorg


5 of 5 3813 838 AM





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39





1 The Good News




2



3





4



Loan Forgiveness 5

What is PSLF


6


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39


PSLF Key Points





7

PSLF





8

Eligible Loans







9

NSLDSedgov



q  Birthdate

q  Dept of Ed PIN

10

FFEL vs Direct











11






12


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39


Qualifying Payments





OR


13





uml  Entitlement





14








15








16

IBR and PAYE

Repayment Plans 17

IBR vs PAYE








IBR PAYE

18







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39







19




20


IBRPAYE payment

$$ gt

What is PFH






22

uml Your AGI




uml You

uml Spouse






Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39



Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




25


Hou

seho

ld

AG

I

ldquoD

iscr

etio

naryrdquo

Inco

me




26


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $41 $0 $0 $30000 $166 $91 $17 $40000 $291 $216 $142 $50000 $416 $341 $267 $60000 $541 $466 $392 $70000 $666 $591 $517 $80000 $791 $716 $642 $90000 $916 $841 $767

$100000 $1041 $966 $892

27


Household AGI


$0 $0 $0 $0 $10000 $0 $0 $0 $20000 $27 $0 $0 $30000 $110 $61 $11 $40000 $194 $144 $95 $50000 $277 $228 $178 $60000 $360 $311 $261 $70000 $444 $394 $345 $80000 $527 $478 $428 $90000 $610 $561 $511

$100000 $694 $644 $595

28






29



uml Exit IBRPAYE

30






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39






31



Sample Case Study

PSLF 32








34






35

Final Comments 36










37










38




39










37










38




39

federal student aid income-based repayment plan for the ... · loans under ibr (unless you choose...

Documents