Med School Debt Simulator

Compare PSLF (SAVE) vs Private payoff with specialty presets, graphs, and net worth.

Inputs

Specialty preset

Residency length (years)

Years in med school

Borrowed per year (School A) ($)

Borrowed per year (School B) ($) — ROI compare

Annual interest rate (APR %)

Borrowing timing

Grace period after graduation (months)

Income + lifestyle (net worth)

Residency income ($/year)

Attending income ($/year)

Income growth after residency (%/year)

Residency income growth (%/year)

Effective tax rate (% of income)

Investment return on savings (%/year)

Living expenses during residency ($/month)

Living expenses as attending ($/month)

SAVE + PSLF options

PSLF qualifying employment starts

Filing status (affects SAVE income)

Spouse income ($/year) (used only for MFJ)

Household size

Recertification month (1–12)

Grad% (10%) + Undergrad% (5%) (must total 100)

Left = grad share, right = undergrad share

Qualifying employer during residency?

If unchecked, residency payments won’t count toward the 120 PSLF payments.

Residency payment behavior (PSLF/SAVE only)

Residency cap amount ($/month) (only if capped)

Private payoff scenario

Private payoff plan

Aggressive payment ($/month) (only if “Aggressive”)

Show schedule rows

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SAVE subsidy model (simplified): if SAVE payment < interest, unpaid interest is waived (not added). PSLF forgiveness after 120 qualifying payments (depends on PSLF start + employer toggle).

Results (School A)

Debt at graduation

$—

Debt after residency

$—

Net worth ≥ 0

—

Better scenario

—

PSLF (SAVE)

Pay start: $—

Forgiven: $—

NW @ 10y: $—

Private Payoff

Pay start: $—

Debt-free: —

NW @ 10y: $—

Loan balance over time (PSLF vs Private)

Net worth over time (PSLF vs Private)

School ROI Compare (time to net worth ≥ 0)

School	Borrow/year	PSLF: NW≥0	Private: NW≥0	Winner (NW @ 10y)

Snapshot schedule (yearly, School A, better scenario)

Year	Phase	Balance	Net worth	Income used for SAVE	Qualifying PSLF payments

Net worth model: monthly surplus is invested at the chosen return (compounded monthly). NW = invested savings − loan balance.

Disclaimer & privacy

Educational tool only. This provides estimates and is not financial, tax, or legal advice.
No data storage. Inputs run in your browser; share links store inputs in the URL.
Policy may change. PSLF/SAVE rules and poverty guidelines can change; verify before acting.
Simplified mechanics. Some repayment details are approximations to keep the tool understandable.