|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
BETA Georgetown Law Prospective Student Financial Planning
Calculator
|
|
| |
|
|
|
Calculations below are valid for testing and information
purposes only.
|
|
| |
|
|
This calculator may be used as the basis of
creating a financial plan for both your law school attendance and
post-graduation timeframes. By
including the estimated cost of attendance, your estimated financial aid and
other support as well as the income from your likely career path, you can see
your expected loan balances, payment amount and possible loan forgiveness
amount.
|
|
| |
|
|
|
Cost of Attendance, Aid and Other Resources
|
|
|
Georgetown Law establishes a "Cost of
Attendance" that is used to determine eligibility for loans and other
financial aid. The Cost of Attendance
includes tuition, rent, transportation, books and other related
expenses. When making your financial
plan, you should assume that the Cost of Attendance will increase each
year. You can alter such annual
increase to model different scenarios.
As is the case in most financial planning excercises, it is better to
overestimate your costs and underestimate your resources when estimates must
be used.
|
|
|
Cost of Attendance
|
|
Year 1
|
|
Year 2
|
|
Year 3
|
|
| |
|
|
|
|
|
|
|
| |
annual
increase
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
Less
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Georgetown Law-based scholarships and grants
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Other scholarships and grants
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Federal Work-Study
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
My planned annual contribution from savings/earnings
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Other resources I may have (parents, spouse, etc.)
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Equals
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Anticipated Student Loans
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Student Loans - Amounts Borrowed per Year
as well as Annual and Aggregate Balances at Repayment
|
|
|
Using the information about your expected
costs and resources you supplied above, this section indicates the
anticipated loan types and amounts to be borrowed in order to meet your
expenses (including federally mandated loan origination fees). It also includes the expected balances for
each year's borrowing at the point you enter repayment (six months after
graduation) as well as the combined total balance of your anticipated loans.
|
|
|
Student Loans Borrowed
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Federal Direct Stafford Loans
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Federal Direct Graduate PLUS Loan
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Expected Student Loan Balance at Repayment
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Federal Direct Stafford Loans
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Federal Direct Graduate PLUS Loan
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
|
Total Debt at Repayment
|
|
|
|
|
| |
|
|
|
|
Federal Direct Stafford Loans
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
Federal Direct Graduate PLUS Loan
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
Total Indebtedness at Repayment
|
|
|
|
|
|
|
| |
|
|
|
|
Desired Career Path and Family Size
Information
|
|
|
For this section, you should imagine the
type of job you would most like to have when you exit school - in essence,
why are you coming to Georgetown Law?
This information is helpful in determinging the type of repayment
options that may be available for you.
In particular, students planning to work for a government or
non-profit 501(c)(3) employer may find that their out-of-pocket monthly debt
load will be very manageable or even non-existent. Your likely family size at repayment is
used to determine your payments under the federal Income-Based Repayment
(IBR) program. If you do not have
specific plans set at this time, use your current family size.
|
|
|
Career Path
|
|
|
|
|
| |
|
|
|
|
Approximate starting income in my preferred career path
|
|
|
|
|
|
| |
|
|
|
|
|
|
Income growth per year
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
Employed by a U.S.-based government or 501(c)(3)
non-profit?
|
|
|
|
|
| |
|
|
|
|
|
|
If yes, Georgetown Law LRAP Eligible employment?
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
|
Family Size at Repayment
|
|
|
|
|
| |
|
|
|
|
Including yourself, spouse and dependent children
|
|
|
|
|
|
| |
|
|
|
|
Loan Repayment Options
|
|
|
This section provides your expected
monthly loan payments using the level payment plans (10-year and 25-year) as
well as the Income-Based Repayment option based on your estimated income and
family information above. In addition,
if you indicated that employment was likely eligible for Georgetown Law's
LRAP program and/or the federal Public Service Loan Forgiveness program, the
expeceted benefits are provided as well.
|
|
|
Standard Student Loan Repayment Options
|
|
|
|
| |
|
|
|
|
|
Approximate total payments (10-year level payments)
|
|
|
monthly
|
|
|
|
| |
|
|
|
|
|
|
Approximate total payments (25-year level payments)
|
|
|
monthly
|
|
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
|
Repayment Information for LRAP/Public Interest/Government
Graduates
|
|
|
|
|
| |
|
|
|
|
|
|
Est. Income-Based Loan Payments per Month (Year 1)
|
|
|
(Year 10)
|
|
|
|
| |
|
|
|
|
Estimated LRAP Coverage per Month (Year 1)
|
|
|
(Year 10)
|
|
|
|
| |
|
|
|
|
Estimated Total IBR Payments Over 10 Years
|
|
|
|
| |
|
|
|
|
Estimated Total LRAP Support Over 10 Years
|
|
|
|
| |
|
|
|
| |
|
|
|
|
Your Estimated Net Loan Payments per Month (Year 1)
|
|
|
(Year 10)
|
|
|
|
| |
|
|
|
|
Your Estimated Total Loan Payments Over 10 Years
|
|
|
|
| |
|
|
|
|
Loan Amount, Including Interest, Forgiven
|
|
|
|
| |
|
|
|
|
|
