Financial GPS · for students
What you’d owe when repayment starts, what it would cost to repay over ten years, and how much of your pay above basic expenses that takes.
$2,241 a month left over. Loans take 10.9% of your pay above basic expenses: Good.
All fields at Indiana University-Southeast: typical pay of $54,129 four years after graduating. Basic expenses: $23,940 a year (150% of the 2026 poverty line, one person).
You’d owe $24,167
when repayment starts: four years of $5,000, plus the 1.057% loan fee and interest while you’re in school.
Paid off in 10 years: $275 a month
The 10-year payment is the yardstick, not the plan you’d be billed on.
Your pay above basic expenses: $2,516 a month
Typical pay across all fields at Indiana University-Southeast, $54,129, minus $23,940 for basic expenses (150% of the 2026 poverty line).
The loan takes 10.9% of it: Good
Under 8% Excellent, 8–12% Good, 12–20% Concerning, over 20% High risk.
Borrowing ceiling
All federal: under the annual limits of $5,500 in year one, rising to $7,500.
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Indiana University-Southeast · All fields
You’d owe $24,167 when repayment starts: $24,167 federal.
All federal: under the annual limits of $5,500 in year one, rising to $7,500.
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This tool measures every loan on one yardstick: the payment that clears it in ten years.
Federal loans made on or after July 1, 2026 repay on the new standard plan (10 to 25 years, depending on how much you owe) or on RAP, which is based on income.
IBR, PAYE and SAVE aren’t available for new loans, and a new federal loan moves older ones onto the new plans.
Loans made from July 2027 can’t be paused for unemployment or hardship; RAP’s $10 minimum is the fallback.
10-year payment at 2026-2027 federal rates (6.52% undergraduate, 1.057% fee): a yardstick, not a repayment plan. Federal loans treated as unsubsidized, with interest from each disbursement until repayment starts six months after graduating. Private loans deferred in school at the chosen rate, repaid over 10 years. Earnings: College Scorecard median four years after graduating; half earn less. Basic expenses: 150% of the 2026 federal poverty guideline for one person, a national figure that doesn’t reflect local costs. Sources: College Scorecard via Azimuth; Federal Student Aid; HHS.