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This module currently relies on the ability to see and distinguish between different colors. GoHigher Kentucky is currently working on a more accessible version. Please excuse the inconvenience.

SLOPE Calculator

GoHigher Kentucky SLOPE Worksheet

When will/did you start college?*

When will/did you start college? M M / D D / Y Y Y Y format

mm/dd/yyyy

When do you plan to graduate?*

When do you plan to graduate? M M / D D / Y Y Y Y format

mm/dd/yyyy

*	Use estimated dates if you do not know exactly when you will start or graduate college.

Select a general career category, then click 'Set/Change Category':

First choose a category, then your career and salary.

List format: career name (average annual wage/average annual entry-level wage)

Will you pay interest on unsubsidized Stafford Loans during school?**

Your student loan may be unsubsidized, which means the Federal government does not pay the interest that comes due while you are in school or during your grace period. If you do not make payments on this interest, then it will be capitalized (added to your loan balance in principal) at the end of your grace period. This amount can be quite significant when it is capitalized depending upon how much you borrow and how long you are in school.

You may change the interest rate, loan term, and minimum payment for the calculations below. We have included the current interest rates for Stafford, Perkins, and PLUS Loans, although these may be adjusted periodically. We have also included the maximum loan term of 10 years for a standard repayment schedule and the minimum payment for new Stafford, Perkins, and PLUS Loans. Your repayment schedule may be shorter than 10 years if the minimum payment will pay it off sooner, or your minimum payment may be higher in order to pay it off within 10 years. For alternative loans, check with your lender for terms and conditions.

Subsidized and Unsubsidized Stafford Loans

	Interest rate for Stafford Loans				6.8% is current for loans disbursed after July 1, 2006
	Loan term (years) for Stafford Loans				10 years is default, but you may enter alternatives
	Minimum payment for Stafford Loans				$50 is default, but you may enter alternatives

Perkins Loans

	Interest rate for Perkins Loans				5% is the current fixed rate, but you may enter alternatives
	Loan term (years) for Perkins Loans				10 years is default, but you may enter alternatives
	Minimum payment for Perkins Loans				$40 is default, but you may enter alternatives

PLUS Loans

	Interest rate for PLUS Loans				8.5% is the current rate, but you may enter alternatives
	Loan term (years) for PLUS Loans				10 years is default, but you may enter alternatives
	Minimum payment for PLUS Loans				$50 is default, but you may enter alternatives

Other/Alternative Loans

	Interest rate for Other/Alternative Loans				12% is an estimate, but you may enter alternatives
	Loan term (years) for Other/Alternative Loans				10 years is default, but you may enter alternatives
	Minimum payment for Other/Alternative Loans				$50 is default, but you may enter alternatives

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