Federal Student Loan Analysis
Generated: July 15, 2026
This report is a snapshot of the loan data in your MyStudentData file and the answers you provided, as of the date above.
- This information is also available for free at studentaid.gov.
- Clevara is not affiliated with the U.S. Department of Education or any loan servicer.
- This is information, not legal or financial advice, and not a debt-relief or debt-settlement service. Estimates only; your servicer determines final amounts.
- No guarantee of forgiveness, approval, or any specific payment.
- Clevara displays program criteria next to the information you provide; it does not make eligibility determinations or recommendations.
Start here
Summary of findings
An overview of the findings from your file and your answers. Every figure here is repeated with its full working in the sections below, which are the record behind it.
What this report found
- Your file shows 2 open loans totalling $20,350.00.
- 4 of the 5 plans in the menu available to you now are priced for these loans, from $33.50 to $225.22 a month — and from $8,040.00 to $28,815.88 across the life of the plan.
- 1 plan does not match the listed criteria for these loans; the specific rule is shown below.
- All three listed conditions are matched by the file and your answers.
- 2 income-driven plans carry a forgiveness timeline; the shortest is 20 years of qualifying payments.
Plans priced for these loans
Under the menu available to you now. The Department of Education and your servicer determine what you can enrol in and what you finally pay.
- Standard$225.22 a month· $27,026.30 over the life of the plan
- Graduated$128.72 a month· $28,815.88 over the life of the plan
- IBR (Income-Based Repayment)$33.50 a month· $8,040.00 over the life of the planProjected
- RAP (Repayment Assistance Plan)$50.00 a month· $18,000.00 over the life of the planProjected
Projected with your income held exactly as entered. If your income rises, total paid will be higher and any forgiven balance lower. Unpaid interest accrues but is not added to the balance that earns interest while you remain in the plan.
Plans not priced, and the rule for each
These plans are in the menu, and the listed criteria for each are not matched by the loans in your file. The rule is quoted as the calculation states it.
- Extended (25-year)34 CFR 685.208 makes the Extended plan available above $30,000 outstanding; your file shows $20,350.00.
What to check before you act on this
These are the entries the figures rest on. Clevara cannot verify any of them; you can. A change to one of these changes the figures it drives.
- Adjusted gross income: $45,000.00
- Changes: every income-driven estimate (IBR, PAYE, ICR, RAP) and the total paid and forgiven balance projected from them
- Family size: 3
- Changes: the poverty guideline used by IBR, PAYE and ICR
- Dependent children: 2
- Changes: the RAP payment, which is reduced by $50 a month for each dependent child
- State of residence: CA
- Changes: which poverty guideline table applies — Alaska and Hawaii have their own, and the rest of the states share one
- Employer type: Government (federal, state, local, tribal, or military)
- Changes: the PSLF employer condition; the Department of Education makes all PSLF determinations
- First federal loan on or after July 1, 2014: Yes
- Changes: the IBR cohort — 10% of discretionary income over 20 years, or 15% over 25 years
- Taken out a new federal loan on or after July 1, 2026: No
- Changes: which plan menu is quoted as available to you now
- Loans read from your file: 2 open, $20,350.00 reported outstanding in total
- Changes: every figure in this report; your servicer holds the current balances and they may differ from the file
- Repayment plan you are enrolled in now: IBR (Income-Based Repayment)
- Changes: the PAYE and ICR continuation rules, which are open only to borrowers already enrolled in them
If you move between plans
Payments do not always carry across a plan change. These rules decide what a switch costs in forgiveness credit.
- Payments made under IBR, PAYE, ICR, or SAVE count toward the Repayment Assistance Plan's 360-payment forgiveness count. (20 U.S.C. 1087e(q))
- Payments made under the Repayment Assistance Plan do not count toward IBR, PAYE, or ICR forgiveness. A borrower who repays under RAP and later changes to IBR resumes the IBR count where it left off. (RISE final rule, 91 FR 23768, May 1, 2026)
Official sources
The Department of Education publishes all of this for free. These are its own pages, not ours.
- Repayment CalculatorThe Department of Education's own repayment estimator, using the loan data it holds for you.https://studentaid.gov/repayment-calculator/
- Repayment plansThe official description of each federal repayment plan and its listed criteria.https://studentaid.gov/manage-loans/repayment/plans
- Income-driven repaymentHow income-driven plans work, and the application the Department of Education uses.https://studentaid.gov/manage-loans/repayment/plans/income-driven
- PSLF Help ToolThe Department of Education tool that checks employers and generates the PSLF form. It makes all PSLF determinations.https://studentaid.gov/pslf/
- Find your loan servicerYour servicer sets your final amounts and processes any plan change.https://studentaid.gov/manage-loans/repayment/servicers
Overview
Summary
- Loans
- 2
- Total outstanding (open loans)
- $20,350.00
- All loans in good standing
- Yes
- Lowest in legacy reference
- $33.50
- IBR (Income-Based Repayment) · estimated from your entries and the plan formulas
- Lowest available to you now
- $33.50
- IBR (Income-Based Repayment) · estimated from your entries and the plan formulas
- PSLF criteria
- All three listed conditions are matched by the file and your answers
- Discharge findings
- 0
The comparison
Your options compared
The legacy plan reference is compared with the menu under the July 2026 rules. Both use your current loan file and answers, including current enrollment rules; this is not a reconstruction of past eligibility. The current menu also includes PAYE or ICR continuation when the listed criteria match. A row marked Part of your loans excludes other payments you may owe. Parent PLUS may require separate repayment; FFEL and Perkins retain their own rules. Your servicer confirms enrollment and payment amounts.
| Plan | Legacy plan reference | Current plan criteria | What changed |
|---|---|---|---|
| Standard | $225.22/mo120 months | $225.22/mo120 months | — |
| Graduated | Modeled payment stages; servicer schedule may differ$128.72/mo120 months | Modeled payment stages; servicer schedule may differ$128.72/mo120 months | — |
| Extended (25-year) | Below the listed threshold34 CFR 685.208 makes the Extended plan available above $30,000 outstanding; your file shows $20,350.00. | Below the listed threshold34 CFR 685.208 makes the Extended plan available above $30,000 outstanding; your file shows $20,350.00. | |
| IBR (Income-Based Repayment) | $33.50/mo | $33.50/mo | — |
| PAYE (Pay As You Earn) | Closed to new enrollmentPAYE is closed to new enrollment as of July 1, 2026 | — | |
| ICR (Income-Contingent Repayment) | Closed to new enrollmentICR is closed to new enrollment as of July 1, 2026 | — | |
| RAP (Repayment Assistance Plan) | — | $50.00/mo360 months |
The cost
What each plan costs over its life
A monthly payment on its own does not show what a plan costs. For each plan that is priced above, this shows the payment, every dollar paid across the life of the plan, how much of that is interest, when the balance is cleared or forgiven, and any balance that would remain to be forgiven at the end.
Ordering changes the sequence of these rows and nothing else. Clevara does not rank plans; the Department of Education and your servicer determine what you can enrol in and what you pay.
Current plan criteria
| Plan | Monthly payment | Total paid | Paid off or forgiven | Balance forgiven at the end |
|---|---|---|---|---|
| Standard | $225.22/mo | $27,026.30of which interest: $6,676.30 | July 203610 years | none — the balance is repaid in full |
| Graduated | $128.72/mofirst payment · highest $386.16/mo | $28,815.88of which interest: $8,465.88 | July 203610 years | none — the balance is repaid in full |
| IBR (Income-Based Repayment) | $33.50/mo | $8,040.00Projectedof which interest: $8,040.00 | July 204620 years | $36,416.80of which unpaid interest: $16,066.80 |
| Projected with your income held exactly as entered. If your income rises, total paid will be higher and any forgiven balance lower. Unpaid interest accrues but is not added to the balance that earns interest while you remain in the plan. | ||||
| RAP (Repayment Assistance Plan) | $50.00/mo | $18,000.00Projectedof which interest: $15,031.63 | July 205630 years | $2,350.00 |
| Projected with your income held exactly as entered. If your income rises, total paid will be higher and any forgiven balance lower. Unpaid interest accrues but is not added to the balance that earns interest while you remain in the plan. | ||||
- Monthly payment
- $225.22/mo
- Total paid
- $27,026.30of which interest: $6,676.30
- Paid off or forgiven
- July 203610 years
- Balance forgiven at the end
- none — the balance is repaid in full
- Monthly payment
- $128.72/mofirst payment · highest $386.16/mo
- Total paid
- $28,815.88of which interest: $8,465.88
- Paid off or forgiven
- July 203610 years
- Balance forgiven at the end
- none — the balance is repaid in full
- Monthly payment
- $33.50/mo
- Total paid
- $8,040.00Projectedof which interest: $8,040.00
- Paid off or forgiven
- July 204620 years
- Balance forgiven at the end
- $36,416.80of which unpaid interest: $16,066.80
Projected with your income held exactly as entered. If your income rises, total paid will be higher and any forgiven balance lower. Unpaid interest accrues but is not added to the balance that earns interest while you remain in the plan.
- Monthly payment
- $50.00/mo
- Total paid
- $18,000.00Projectedof which interest: $15,031.63
- Paid off or forgiven
- July 205630 years
- Balance forgiven at the end
- $2,350.00
Projected with your income held exactly as entered. If your income rises, total paid will be higher and any forgiven balance lower. Unpaid interest accrues but is not added to the balance that earns interest while you remain in the plan.
Legacy plan reference
| Plan | Monthly payment | Total paid | Paid off or forgiven | Balance forgiven at the end |
|---|---|---|---|---|
| Standard | $225.22/mo | $27,026.30of which interest: $6,676.30 | July 203610 years | none — the balance is repaid in full |
| Graduated | $128.72/mofirst payment · highest $386.16/mo | $28,815.88of which interest: $8,465.88 | July 203610 years | none — the balance is repaid in full |
| IBR (Income-Based Repayment) | $33.50/mo | $8,040.00Projectedof which interest: $8,040.00 | July 204620 years | $36,416.80of which unpaid interest: $16,066.80 |
| Projected with your income held exactly as entered. If your income rises, total paid will be higher and any forgiven balance lower. Unpaid interest accrues but is not added to the balance that earns interest while you remain in the plan. | ||||
- Monthly payment
- $225.22/mo
- Total paid
- $27,026.30of which interest: $6,676.30
- Paid off or forgiven
- July 203610 years
- Balance forgiven at the end
- none — the balance is repaid in full
- Monthly payment
- $128.72/mofirst payment · highest $386.16/mo
- Total paid
- $28,815.88of which interest: $8,465.88
- Paid off or forgiven
- July 203610 years
- Balance forgiven at the end
- none — the balance is repaid in full
- Monthly payment
- $33.50/mo
- Total paid
- $8,040.00Projectedof which interest: $8,040.00
- Paid off or forgiven
- July 204620 years
- Balance forgiven at the end
- $36,416.80of which unpaid interest: $16,066.80
Projected with your income held exactly as entered. If your income rises, total paid will be higher and any forgiven balance lower. Unpaid interest accrues but is not added to the balance that earns interest while you remain in the plan.
Forgiveness
Loan forgiveness timelines
Income-driven plans forgive any remaining balance after a set number of qualifying monthly payments. Balance-based plans (Standard, Graduated, Extended, Tiered Standard) have no forgiveness timeline — the loan is paid off by the end of its term.
This section summarizes general program timelines and credit-counting rules; it does not determine individual eligibility or outcomes.
- IBR (Income-Based Repayment): remaining balance forgiven after 240 qualifying monthly payments (20 years). Forgiven amounts in 2026 or later are taxable as income under current federal law.
- RAP (Repayment Assistance Plan): remaining balance forgiven after 360 qualifying monthly payments (30 years). Forgiven amounts in 2026 or later are taxable as income under current federal law.Under RAP, unpaid interest above the payment is waived monthly and at least $50 of principal is credited monthly while payments are made — these reduce the balance that would remain.
How payments transfer between plans
- Payments made under IBR, PAYE, ICR, or SAVE count toward the Repayment Assistance Plan's 360-payment forgiveness count. (20 U.S.C. 1087e(q))
- Payments made under the Repayment Assistance Plan do not count toward IBR, PAYE, or ICR forgiveness. A borrower who repays under RAP and later changes to IBR resumes the IBR count where it left off. (RISE final rule, 91 FR 23768, May 1, 2026)
PSLF forgiveness is not taxable for federal purposes. Income-driven-plan forgiveness (after the 20-, 25-, or 30-year plan term) is generally treated as taxable cancellation-of-debt income for federal purposes for cancellations occurring in 2026 or later — the temporary ARPA exclusion expired December 31, 2025 and was not extended; state tax treatment varies and other exclusions (e.g. insolvency) may apply
Detail
Your loans
| Loan | Status | Servicer | Principal | Interest | Rate |
|---|---|---|---|---|---|
DIRECT STAFFORD SUBSIDIZED *****1111S24G01100000 | IN REPAYMENT | MOHELA | $8,000.00 | $100.00 | 4.99% |
DIRECT STAFFORD UNSUBSIDIZED *****2222U24G01120000 | IN REPAYMENT | MOHELA | $12,000.00 | $250.00 | 6.54% |
PSLF
Public Service Loan Forgiveness (PSLF)
PSLF forgives the remaining balance after 120 qualifying monthly payments made while three conditions hold: a qualifying employer, qualifying loans, and a qualifying repayment plan. The Department of Education makes all PSLF determinations.
- Employer
- Matches the listed criteria
- 34 CFR 685.219 lists government organizations and 501(c)(3) nonprofits among qualifying employers. You selected: a government organization.
- Loans
- Matches the listed criteria
- 34 CFR 685.219 lists Direct Loans; other federal loans are listed only after consolidation into a Direct Consolidation Loan.
- Repayment plan
- Matches the listed criteria
- PSLF requires a qualifying repayment plan — any income-driven plan (IBR, PAYE, ICR, RAP) or the 10-year Standard plan. You selected: IBR (Income-Based Repayment).
| Loan | Loan type listed | Matched months | Remaining of 120 |
|---|---|---|---|
| *****1111S24G01100000 | Listed | 12 | 108 |
| *****2222U24G01120000 | Listed | 12 | 108 |
Discharge
Federal discharge programs
No personalized discharge-program information was added from the optional answers. A skipped question does not establish whether a program’s criteria are met.
Basis
Assumptions
Every figure in this report rests on the following stated assumptions.
Show the 22 assumptions
- P = outstanding principal + accrued interest per loan, as of the file date
- level amortization computed per loan and summed, with a $50 borrower monthly minimum except the final payment
- graduated estimate follows 34 CFR 685.208: payments change every 24 months, with a shorter final stage when needed; each loan has its own term and a final scheduled installment no greater than 3× its first
- reconciled to ED Repayment Calculator ($8,100 @ 4.99% → $49 first / $146 last, $10,873 total); ED exposes only the endpoints and total, and the geometric intermediate tiers reconcile to that total
- eligibility requires total outstanding above $30,000, tested per federal program; the boundary is strict ("more than $30,000", 34 CFR 685.208(b)(4)(i)), so exactly $30,000 is below it
- assumes no outstanding federal loan balance as of October 7, 1998 (the file shows none, but paid-off older loans are not ruled out)
- payment = 10% of discretionary income (AGI − 150% × poverty guideline) ÷ 12
- 2026 HHS poverty guidelines (by family size and state)
- the 10-yr Standard cap is computed from the current balance as a proxy for the balance at plan enrollment (the statutory basis), which the file doesn't provide; this only affects borrowers whose income-based payment would exceed the 10-yr Standard amount
- new-borrower cohort (first loan on/after 2014-07-01): 10% rate
- total paid and any forgiven balance are projected with your income held exactly as entered; if your income rises, total paid will be higher and the forgiven balance lower; unpaid interest accrues but is not added to the balance that earns interest while you remain in the plan
- PAYE is closed to new enrollment as of July 1, 2026
- ICR is closed to new enrollment as of July 1, 2026
- payment is AGI-based: min(10%, ceil(AGI/$10,000)−1%) of AGI ÷ 12, less $50 per dependent, $10 floor (CRS IF13075; P.L. 119-21)
- RAP's interest subsidy (unpaid monthly interest waived in negative amortization) and matching principal payment (up to $50/mo) reduce the loan balance over time; they do not change the monthly payment shown here
- forgiveness after 360 qualifying payments (30 years)
- employer qualification is subject to ED's employer-eligibility rules effective 2026-07-01, which provide for case-by-case employer determinations; those rules are the subject of pending litigation
- qualifying plans: any income-driven plan (IBR, PAYE, ICR, RAP) or the 10-yr Standard plan
- ED servicer guidance lists the Tiered Standard plan as not a qualifying repayment plan for PSLF (edfinancial.studentaid.gov); the 10-year Standard and IDR plans remain the listed qualifying plans
- matched months are as reported by NSLDS (PSLF Cumulative Matched Months); ED holds the authoritative count
- Payments made under RAP count toward PSLF (120 payments); RAP forgiveness itself requires the most recent payment before cancellation to have been made under RAP (20 U.S.C. 1087e(q)).
- scheduled payments start in the calendar month after this report; prior qualifying-payment credit is not subtracted from these projections. PAYE and ICR stop at June 30, 2028 even if enrollment occurs later; other modeled end dates move when the payment start changes