This section contains helpful information and resources about default prevention. There are resources that can be used during the different life cycles or stages of your student loan. You will find printed materials associated with the OSFA Default Prevention Program and educational resources related to debt management skills.
Adobe Acrobat Reader
Click here to download the FREE Adobe Acrobat Reader which allows you to view, navigate, and print the following forms.
Printed Materials:
See the Online Brochures for copies of printed resources.
Calculators: (Calculators are offered through an OFSA sponsorship of Mapping Your Future
)
Debt/Salary Wizard
This interactive calculator which helps students and parents determine how much salary is needed to support the payments on current and future student loan debt and how much the student can borrow based on future expected earnings.
Deferment Navigator
The deferment navigator allows borrowers to determine deferment eligibility based on when their oldest outstanding loan was disbursed.
Budget Calculator (this tool does not store the users' information)
This budget calculator allows users to create a monthly budget, reminding them of various expenses including transportation expenses, grocery items,and miscellaneous expenses.
Checkbook Balancing Tool (this tool does not store the users' information)
Use this tool to reconcile bank statements to your check register each month.
Loan Consolidation Calculator
Allows borrowers to estimate the repayment period and the interest rate by using the weighted average interest rate of the loans to be consolidated, rounded up to the nearest 1/8th of one percent, not to exceed 8.25%.
Loan Payment Calculator
Get an estimate of what your future monthly payments would be for your federal student loans, including Stafford and PLUS loans. The actual amount that your loan holder calculates may vary.
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