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F.I.T.T. Program

Financial Information for Today and Tomorrow

1-on-1 Exit Counseling Available

Contact your appropriate PCOM Financial Aid Office to schedule an appointment or speak with a counselor about exit topics.

1.) Quick and Concise Information about Loan Repayment

  • Estimated Monthly Payments

2.) More In-depth Information About Loan Repayment

  • Exit Counseling Tour
    • Upon graduation, you will need to complete the government's NSLDS Exit Counseling. We encourage students to gain a broad understanding of exit loan counseling well before graduation. Take the Exit Counseling Tour now.

3.) Compute Your Future Monthly Loan Payment

Time to run some numbers...

  • STEP 1 - Estimate the amount of student loan debt you will graduate with:
    • a.) To view what you have already borrowed in federal student loans, visit NSLDS.
    • b.) To estimate your future loan borrowing, view your program's Cost Of Attendance.
  • STEP 2 - If you have loans at different interest rates, you will need to develop a weighted average to use in the repayment calculators below. You can download this free calculator to produce an average interest rate or you can run the numbers. Here is how you would run the numbers yourself:
    • EXAMPLE:

      $120,000 in student loans with three different interest rates.

      $50,000 in Perkins at 5% interest rate,
      $40,000 in Stafford at 6.8% interest rate,
      $30,000 in Graduate PLUS at 7.9% interest rate.

      The weighted interest rate would be the amount of each loan divided by the total loans borrowed multiplied by the original interest rate:

      $50,000/$120,000 = .41667 * 5.0% = 2.08%
      $40,000/$120,000 = .3333 * 6.8% = 2.27%
      $30,000/$120,000 = .2500 * 7.9% = 1.98%

      Average weighted interest rate = 2.08% + 2.27% + 1.98%= 6.33%

4.) Learn about the Public Service Loan Forgiveness Program

Now that you know about how much you will owe and what your monthly payment looks like, you may be interested in learning about the Public Service Loan Forgiveness Program (PSLF).

Congress created the Public Service Loan Forgiveness Program to encourage individuals to enter and continue to work full-time in public service jobs which includes working at many hospitals, medical schools, and other health care facilities. Under this program, borrowers may qualify for forgiveness of the remaining balance due on their eligible federal student loans after they have made 120 payments on those loans under certain repayment plans while employed full time by certain public service employers.

  • PSLF Details:
  • PSLF Calculator:
    • This is the only student loan repayment calculator we are able to find that provides students with an estimate of how much might be forgiven when qualifying for the Public Service Loan Forgiveness Program.
      • Note: It is not necessary to list all of your loans on this calculator for a quick computation. Instead, using your estimated future indebtedness and average weighted interest rate you calculated above, you can simply list this as one loan on the "organizer" page and then click on the "Medloans Calculator" tab to run the estimate.
  • PSLF Video:

Other Loan Forgiveness Programs:

5.) An Overview of Student Loan Consolidation

A few years ago, consolidation was a very important topic for student borrowers. However, this is becoming less so since the federal government has recently decided to be the lender of all federal student loans.'s loan consolidation webpage has important loan consolidation information for your review. Here are some important points:

  • Consolidation can be VERY important for students who have federal loans that were lent by a private bank. These loans are called Federal Education Loans or FFEL loans. Why? Because FFEL loans do NOT qualify for the federal government's new Public Service Loan Repayment (PSLF) program. Students would need to consolidate these FFEL loans into the Direct Loan program to take advantage of this forgiveness program. To determine if you have a FFEL loan, please login to and review each loan. Loans that are labeled as "Direct" are in the Direct Loan program whereas loans labled as "FFEL" are in the Federal Education Loan Program.
  • For all Direct stafford and grad PLUS loans taken out by the student, if those loans are with one loan servicer (visit and review the information listed as "ED Servicer" for each of your loans) the student should have one payment- no need to consolidate.
  • Married couples can no longer consolidate their federal loans together.
  • Students cannot consolidate a private education loan with their federal loans.
  • Cost to consolidate- there are no direct fees to consolidate your loans but you could lose some borrower benefits from your current loans, the new consolidated weighted average interest rate is rounding higher to the nearest 1/8 percent, and your new consolidated loan will captalize any outstanding interest all of which could be considered a cost.
  • Students can consolidate their loans in grace and while in repayment- not while in school.

Resources on student loan consolidation:, Loan Consolidation- Consolidating your federal student loans can simplify your payments, but it also can result in loss of some benefits., Student Loan Consolidation- Information on student loan consolidation

Federal Direct Consolidation Loan- Department of Education's official webpage on federal Direct loan consolidation

6.) 1-on-1 Exit Counseling

Still have questions?

Contact your appropriate PCOM Financial Aid Office to schedule an appointment or speak with a counselor about exit topics.