I'm trying to make an adjustable student loan calculator based on a few inputs which will demonstrate monthly payments and total payments over the life of the loan comparing RePAYE, PAYE, and private refi. It seems to work pretty well (give or take a few dollars and cents and assuming things happen in 12-month blocks).
Inputs:
I'll add some line/bar graphs to demonstrate clearer comparisons between the two.
If anyone has time, I'd like to make sure this actually gives accurate data, and would warn anyone against using it until I'm certain it works...
Inputs:
- Initial principal and rate
- Family size, lower 48 or HI (sorry AK)
- In-training AGI, training term, out-of-training AGI, annual % increase
- PSLF or not, # of PSLF payments made
- Refi variables rate, term) and when refi would be done (default = 1st year out of training)
I'll add some line/bar graphs to demonstrate clearer comparisons between the two.
If anyone has time, I'd like to make sure this actually gives accurate data, and would warn anyone against using it until I'm certain it works...
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