Inputs

Lowest AGI threshold (as % of poverty guidance)

Highest AGI threshold (as % of poverty guidance)

Increment size for AGI

Lowest # months to forgiveness

Max # months to forgiveness

Inputs:

150% Equivalent max income:

950% $122,360

10%

60

240

Overview of the "multiplier":

Multiplier = 240/(months to forgiveness)

Months to forgiveness = min #  of months to forgiveness + an "incremental # of months" to forgiveness based on AGI

Incremental months to forgiveness = [(borrower agi ‐ min agi)/(max agi ‐ min agi)] * (max months to forgiveness ‐ min months to forgiveness)

AGI level

guidance

as a pct of poverty Equivalent

HH=1

earnings, Equivalent

HH=2

earnings, Equivalent

earnings, HH=3

Equivalent

earnings, HH=4

Months to

forgiveness

Years to

forgiveness Multiplier

150% $19,320 $26,130 $32,940 $39,750 60 5.00 4.00

160% $20,608 $27,872 $35,136 $42,400 62.3 5.19 3.86

170% $21,896 $29,614 $37,332 $45,050 64.5 5.38 3.72

180% $23,184 $31,356 $39,528 $47,700 66.8 5.56 3.60

190% $24,472 $33,098 $41,724 $50,350 69.0 5.75 3.48

200% $25,760 $34,840 $43,920 $53,000 71.3 5.94 3.37

210% $27,048 $36,582 $46,116 $55,650 73.5 6.13 3.27

220% $28,336 $38,324 $48,312 $58,300 75.8 6.31 3.17

230% $29,624 $40,066 $50,508 $60,950 78.0 6.50 3.08

240% $30,912 $41,808 $52,704 $63,600 80.3 6.69 2.99

250% $32,200 $43,550 $54,900 $66,250 82.5 6.88 2.91

260% $33,488 $45,292 $57,096 $68,900 84.8 7.06 2.83

270% $34,776 $47,034 $59,292 $71,550 87.0 7.25 2.76

280% $36,064 $48,776 $61,488 $74,200 89.3 7.44 2.69

290% $37,352 $50,518 $63,684 $76,850 91.5 7.63 2.62

300% $38,640 $52,260 $65,880 $79,500 93.8 7.81 2.56

310% $39,928 $54,002 $68,076 $82,150 96.0 8.00 2.50

320% $41,216 $55,744 $70,272 $84,800 98.3 8.19 2.44

330% $42,504 $57,486 $72,468 $87,450 100.5 8.38 2.39

340% $43,792 $59,228 $74,664 $90,100 102.8 8.56 2.34

350% $45,080 $60,970 $76,860 $92,750 105.0 8.75 2.29

360% $46,368 $62,712 $79,056 $95,400 107.3 8.94 2.24

370% $47,656 $64,454 $81,252 $98,050 109.5 9.13 2.19

380% $48,944 $66,196 $83,448 $100,700 111.8 9.31 2.15

390% $50,232 $67,938 $85,644 $103,350 114.0 9.50 2.11

400% $51,520 $69,680 $87,840 $106,000 116.3 9.69 2.06

410% $52,808 $71,422 $90,036 $108,650 118.5 9.88 2.03

420% $54,096 $73,164 $92,232 $111,300 120.8 10.06 1.99

430% $55,384 $74,906 $94,428 $113,950 123.0 10.25 1.95

440% $56,672 $76,648 $96,624 $116,600 125.3 10.44 1.92

450% $57,960 $78,390 $98,820 $119,250 127.5 10.63 1.88

460% $59,248 $80,132 $101,016 $121,900 129.8 10.81 1.85

470% $60,536 $81,874 $103,212 $124,550 132.0 11.00 1.82

480% $61,824 $83,616 $105,408 $127,200 134.3 11.19 1.79

490% $63,112 $85,358 $107,604 $129,850 136.5 11.38 1.76

500% $64,400 $87,100 $109,800 $132,500 138.8 11.56 1.73

510% $65,688 $88,842 $111,996 $135,150 141.0 11.75 1.70

520% $66,976 $90,584 $114,192 $137,800 143.3 11.94 1.68

530% $68,264 $92,326 $116,388 $140,450 145.5 12.13 1.65

540% $69,552 $94,068 $118,584 $143,100 147.8 12.31 1.62

550% $70,840 $95,810 $120,780 $145,750 150.0 12.50 1.60

560% $72,128 $97,552 $122,976 $148,400 152.3 12.69 1.58

570% $73,416 $99,294 $125,172 $151,050 154.5 12.88 1.55

580% $74,704 $101,036 $127,368 $153,700 156.8 13.06 1.53

590% $75,992 $102,778 $129,564 $156,350 159.0 13.25 1.51

600% $77,280 $104,520 $131,760 $159,000 161.3 13.44 1.49

610% $78,568 $106,262 $133,956 $161,650 163.5 13.63 1.47

620% $79,856 $108,004 $136,152 $164,300 165.8 13.81 1.45

630% $81,144 $109,746 $138,348 $166,950 168.0 14.00 1.43

640% $82,432 $111,488 $140,544 $169,600 170.3 14.19 1.41

650% $83,720 $113,230 $142,740 $172,250 172.5 14.38 1.39

660% $85,008 $114,972 $144,936 $174,900 174.8 14.56 1.37

670% $86,296 $116,714 $147,132 $177,550 177.0 14.75 1.36

680% $87,584 $118,456 $149,328 $180,200 179.3 14.94 1.34

690% $88,872 $120,198 $151,524 $182,850 181.5 15.13 1.32

700% $90,160 $121,940 $153,720 $185,500 183.8 15.31 1.31

710% $91,448 $123,682 $155,916 $188,150 186.0 15.50 1.29

720% $92,736 $125,424 $158,112 $190,800 188.3 15.69 1.27

730% $94,024 $127,166 $160,308 $193,450 190.5 15.88 1.26

740% $95,312 $128,908 $162,504 $196,100 192.8 16.06 1.25

750% $96,600 $130,650 $164,700 $198,750 195.0 16.25 1.23

760% $97,888 $132,392 $166,896 $201,400 197.3 16.44 1.22

770% $99,176 $134,134 $169,092 $204,050 199.5 16.63 1.20

780% $100,464 $135,876 $171,288 $206,700 201.8 16.81 1.19

790% $101,752 $137,618 $173,484 $209,350 204.0 17.00 1.18

800% $103,040 $139,360 $175,680 $212,000 206.3 17.19 1.16

810% $104,328 $141,102 $177,876 $214,650 208.5 17.38 1.15

820% $105,616 $142,844 $180,072 $217,300 210.8 17.56 1.14

830% $106,904 $144,586 $182,268 $219,950 213.0 17.75 1.13

840% $108,192 $146,328 $184,464 $222,600 215.3 17.94 1.11

850% $109,480 $148,070 $186,660 $225,250 217.5 18.13 1.10

860% $110,768 $149,812 $188,856 $227,900 219.8 18.31 1.09

870% $112,056 $151,554 $191,052 $230,550 222.0 18.50 1.08

880% $113,344 $153,296 $193,248 $233,200 224.3 18.69 1.07

890% $114,632 $155,038 $195,444 $235,850 226.5 18.88 1.06

900% $115,920 $156,780 $197,640 $238,500 228.8 19.06 1.05

910% $117,208 $158,522 $199,836 $241,150 231.0 19.25 1.04

920% $118,496 $160,264 $202,032 $243,800 233.3 19.44 1.03

930% $119,784 $162,006 $204,228 $246,450 235.5 19.63 1.02

940% $121,072 $163,748 $206,424 $249,100 237.8 19.81 1.01

950% $122,360 $165,490 $208,620 $251,750 240.0 20.00 1.00

                           

   

           

25.00

AGI as a percent on poverty guidance v. years to forgiveness(left) and multiplier (right)

Years to forgiveness Multiplier

4.50

0.00

0.50

0.00

1.00

1.50

2.00

2.50

3.00

3.50

4.00

5.00

10.00

15.00

20.00

AGI as a percent of poverty guidance