Unfortunately, you are not currently eligible to receive funding.
Unfortunately, you are not currently eligible to receive funding. To be eligible, you must meet these requirements:
- You must be entering your fourth academic year
- Your credit hours completed combined with credit hours currently enrolled must be 90 or more
You are eligible to receive up to in funding for your education. Use the slider below if you would like to receive a lower amount:
If you were eligible, you could receive up to in funding for your education. Use the slider below to model a lower amount:If you were to accept an ISA of your Income Share would be . This is the annual percentage of your future income that you will pay for the first after graduating in return for the funds you receive to help pay for your education. Your Income Share is fixed.
Income ExpectationsFor students in the group of majors that includes and who expect to graduate in , their expected starting income would be approximately . Assuming that income grows at per year on average, this chart shows expected income for the first years after leaving school:
Total PaymentsBased on your expected income, this chart shows what your total payments would be if you were to accept an ISA of with an Income Share of . For comparison, this chart also shows total pre-tax payments for a PLUS1 loan at (click to change parameters) and a Private1 loan at (click to change parameters):
 Because of origination fees, borrowers must take out loans of $10,108 (Stafford) and $10,444 (PLUS) to receive $10,000 of educational funding, and the total payments reflect those loan amounts. There are no origination fees for most private education loans. The private loan interest rate of 9.50% is representative of private loans without a cosigner. This example assumes 9 months of enrollment, 6 months of grace, that interest is capitalized for unsubsidized loans after the grace period, and that payments are made under a level, 120-month payment schedule. All dollar figures are rounded to the nearest dollar. The federal loan interest rates in the table are set by Congress every June.
Monthly PaymentsThis chart shows what your monthly pre-tax payments would be:
Below is the same data from the charts above in tabular format:
|Month||Monthly Income||ISA||PLUS loan at||Private loan at|