Tools and Calculators
We Have Tools!
We have several (hopefully) useful tools and calculators here at DOCTORED MONEY, most of which you can use right in your browser. They are listed below with brief descriptions.
Simple SAVE/PAYE/IBR Payment Calculator -- Also calculates your PAYE/IBR maximum payment AND the income needed to reach it. This is necessary to know whether you have the "partial financial hardship" needed to enter PAYE/IBR.
SAVE / PAYE PSLF Optimizer -- Enter your loan info and estimates of current and future income for you (and/or spouse) to evaluate which plan is best for PSLF.
Federal vs Private Loan Refinance Calculator -- The only calculator we know of specifically designed to compare federal loans to private loans.
PSLF Payment Tracker -- Downloadable Excel spreadsheet to keep track of eligible payments and other data. You'll absolutely need a "from-day-one" record if your PSLF-eligible loan payments are miscounted by your servicer. Unfortunately, it happens often. Each undercounted payment can cost you thousands in lost forgiveness.
Weighted Average Interest Rate Calculator -- When consolidating, your existing loans will be collapsed into one loan (or two if a mix of subsidized and unsubsidized loans). Use this to find your new rate.
Withholding Calculator -- Calculate your IRS withholding in advance based on how you fill out your W-4.