Do I get it? REPAYE

[perita]

Good Afternoon,

I will be starting my residency this year and between residency and fellowship , it will take me 8 years.
I've been researching my payments options and I would like your opinion and see if understand the REPAYE plan.
Lets say my initial debt is 200,000 of which 50,000 is subsidized . and 150,000 unsubsidized . Lets also say that I will be able to afford to pay $6000.00 a year during my first 3 years and then increase to 8,000 in years 4,5 and 6 and and to 10,000 the last two.
Lets say for the sake of argument that my interest for the my subsidized a year will be $4000.000 ( is actually less) and for my unsubsidized is $10,000 ( is actually a little bit more).
The first three years I only have to pay interest on my unsubsidized loans and this will be subsidized at 50% and after three years both type of loan will be 50% subsidized. Interest is not capitalized. I came out with this little table for my first 8 years. After 8 years, my debt will increase from 200,000 to 219,000. Am I right? ( I attached an excel file with the information)

Interest/Sub Interst/Unsub payments add to capital DEBT
0 10,000 6000 2000 202000
0 10,000 6000 2000 204000
0 10000 6000 2000 206000
4000 10000 8000 3000 209000
4000 10000 8000 3000 212000
4000 10000 8000 3000 215000
4000 10000 10000 2000 217000
4000 10000 10000 2000 219000

Thanks.

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[Student Loan Planner]

Good Afternoon,

I will be starting my residency this year and between residency and fellowship , it will take me 8 years.
I've been researching my payments options and I would like your opinion and see if understand the REPAYE plan.
Lets say my initial debt is 200,000 of which 50,000 is subsidized . and 150,000 unsubsidized . Lets also say that I will be able to afford to pay $6000.00 a year during my first 3 years and then increase to 8,000 in years 4,5 and 6 and and to 10,000 the last two.
Lets say for the sake of argument that my interest for the my subsidized a year will be $4000.000 ( is actually less) and for my unsubsidized is $10,000 ( is actually a little bit more).
The first three years I only have to pay interest on my unsubsidized loans and this will be subsidized at 50% and after three years both type of loan will be 50% subsidized. Interest is not capitalized. I came out with this little table for my first 8 years. After 8 years, my debt will increase from 200,000 to 219,000. Am I right? ( I attached an excel file with the information)

Interest/Sub Interst/Unsub payments add to capital DEBT
0 10,000 6000 2000 202000
0 10,000 6000 2000 204000
0 10000 6000 2000 206000
4000 10000 8000 3000 209000
4000 10000 8000 3000 212000
4000 10000 8000 3000 215000
4000 10000 10000 2000 217000
4000 10000 10000 2000 219000

Thanks.

From what you've written that looks correct. Depending on what the new administration does w PSLF you might want to consolidate to get everything started 3 months earlier for PSLF purposes. Depends on how much subsidized you actually have