UC Davis School of Law - Financial Aid - Loan Repayment Assistance: LRAP Calculator

Financial Aid

LRAP Calculator

Note: All boxes must be filled to calculate LRAP.

Annual Salary		$60,000 net income limit starts January 2010.
Number of Dependents Claimed		Enter 0 if no spouse or partner, or minor dependent children.
Total Educational Debt		All Federal Loans (subsidized, unsubsidized, Perkins, Grad PLUS) including undergraduate debt.
Loan Interest Rate		Fixed rate on federal direct subsidized / unsubsidized loans disbursed on or after 7/1/2006.
Number of Years for Loan		To receive full LRAP benefits under the program, participants must stay in the program for ten years.

Yearly Totals
Total Income	$
Deductibles	$	[$5000 dependent(s)]*
Annual Student Contribution	$	[35% of (Total Income minus Deductibles) over $40,000]

Educational Debt	$
Years To Pay Off Debt
Interest Rate	%

LRAP Annual Payment	$	[Current yearly payment for loan minus annual student contribution.]

Since LRAP Payments are made twice a year, you will see payments of $ once every six months.

All computations are performed by your web browser. None of the information is sent across the network.

The LRAP calculator is an informational tool only. It does not guarantee any benefits. Please refer to the LRAP Bylaws for further information.