Articles for category: Calculators

Neal Caffrey

Calculators
Scholarship Displacement Calculator

Scholarship Displacement Calculator

Scholarship Displacement Calculator Cost of Attendance ($) Expected Family Contribution (EFC) ($) Institutional Grants/Scholarships ($) Federal/State Grants ($) Work-Study ($) External Scholarships ($) Institution Displacement Policy Full Displacement (100%)Partial Displacement (50%)Limited Displacement (25%)No Displacement (0%)First Dollar Policy Loan Replacement Allowed NonePartial (50%)Full (100%) Calculate Reset Scholarship Displacement Analysis Original Financial Aid Package $0 Displaced Aid ...

Neal Caffrey

Calculators
Perkins Loan Cancellation Calculator

Perkins Loan Cancellation Calculator

Perkins Loan Cancellation Estimator Loan & Service Details Loan Balance at Start of Service ($) Your principal balance when you began your eligible employment. Full Years of Service Completed Must be full, consecutive academic or calendar years. Eligible Profession Track Standard 100% Track (Teachers, Nurses, Police, Firefighters, Military)70% Cap Track (Peace Corps, AmeriCorps VISTA) Determines ...

Neal Caffrey

Calculators
Closed School Discharge Calculator

Closed School Discharge Calculator

Closed School Discharge Estimator Loan Balances Federal Loan Balance ($) Direct, FFEL, or Perkins loans tied to this school. Federal Payments Made ($) Prior payments that may be refunded. Private Loan Balance ($) Private loans (Sallie Mae, SoFi, etc.) are generally ineligible for this discharge. Enrollment & Timeline Status at Time of Closure I was ...

Neal Caffrey

Calculators
Borrower Defense Repayment Calculator

Borrower Defense Repayment Calculator

Borrower Defense Relief Estimator Eligible Federal Loans (Direct/FFEL) Current Federal Balance ($) Outstanding principal and interest from the disputed school. Total Amount Already Paid ($) Past payments made on these specific federal loans. Expected Relief Tier 100% Full Relief (Current Standard)50% Partial Relief Under current Dept. of Ed rules, approved claims generally receive 100% discharge. ...

Neal Caffrey

Calculators
Total Student Loan Forgiveness Calculator

Total Student Loan Forgiveness Estimator

Total Student Loan Forgiveness Estimator Forgiveness Track & Loan Details Which forgiveness program are you pursuing? Public Service Loan Forgiveness (10 Years / 120 Payments)Standard IDR Forgiveness (20-25 Years / 240-300 Payments) Standard IDR requires 20 years for undergraduate loans, 25 years if you have any graduate loans. Current Loan Balance ($) Average Interest Rate ...

Neal Caffrey

Calculators
SAVE Plan Monthly Payment Calculator

SAVE Plan Monthly Payment Calculator

SAVE Plan Monthly Payment Calculator State of Residence AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming Tax Filing Status SingleMarried Filing JointlyMarried Filing SeparatelyHead of Household Filing status affects the poverty guideline used for your payment calculation. Household Size Include yourself, your spouse, and any dependents. Adjusted Gross Income (AGI) ($) You ...

Neal Caffrey

Calculators
Student Loan Interest Deduction Calculator

Student Loan Interest Deduction Calculator

Student Loan Interest Deduction Calculator Tax Year 20242023202220212020 Filing Status SingleHead of HouseholdMarried Filing JointlyMarried Filing Separately (Ineligible)Qualifying Widow(er) Modified Adjusted Gross Income (MAGI) Student Loan Interest Paid (Box 1 of Form 1098-E) Loan Type Federal Student Loan (Subsidized/Unsubsidized)Federal PLUS LoanPrivate Student Loan (Qualified Education)Consolidation Loan (Student loans only)Refinanced Student Loan (Same borrower)Personal Loan (Not ...

Neal Caffrey

Calculators
Vocational Rehab Subsistence Allowance Calculator

Vocational Rehab Subsistence Allowance Calculator

VA Vocational Rehab Subsistence Allowance Calculator Your VR&E Training Situation Full-Time Program (Living Away from Home)Full-Time Program (Hospitalized)Part-Time or Home-Based Program The allowance is typically only for full-time programs requiring travel. Training Location Continental U.S. (Standard Rate)Continental U.S. (High-Cost Metro Area)AlaskaHawaiiU.S. Territory (e.g., Puerto Rico, Guam) Select the location where you will be training. Rates ...

Neal Caffrey

Calculators
Yellow Ribbon Program Calculator

Yellow Ribbon Program Calculator

Yellow Ribbon Program Calculator Academic Year 2024-20252023-20242022-20232021-20222020-2021 Benefit Level (Percentage Based on Active Duty Service) 100% (36+ months, or Purple Heart, or Fry Scholar)100% (Service-connected discharge)90% (30-36 months)80% (24-30 months)70% (18-24 months)60% (12-18 months)50% (6-12 months)40% (90 days-6 months) Institution Type Private University/CollegePrivate Graduate/ProfessionalPublic Out-of-StatePublic Graduate (exceeds cap)Foreign Institution (Not eligible)Public In-State (Full coverage) Total ...

Neal Caffrey

Calculators
Chapter Benefits Calculator

Chapter 35 Benefits Calculator

Chapter 35 DEA Benefits Calculator Benefit Year 2024-2025 (Current)2023-20242022-20232021-2022 Beneficiary Type Child of Service Member (Died in service)Child of Veteran (Permanent disability)Surviving Spouse (Died in service)Spouse of Veteran (Permanent disability)Fry Scholarship (Child, 2001+ death)Fry Scholarship (Spouse, 2001+ death) Current Age (for children) Training Type College/University DegreeVocational/Technical SchoolApprenticeship/OJT (First 6 months)Apprenticeship/OJT (After 6 months)Correspondence CourseFlight TrainingPreparatory ...