This estimator gives an illustration of loan repayment at different types of employment with varying salaries, salary increases and levels of debt, and shows an estimate of "take home pay" (the amount of income available to meet all personal expenses after taxes and loan payments). It also calculates the maximum salary (based on the amount of LIPP-eligible debt entered) that qualifies for LIPP assistance. If you expect to work at a salary below the maximum LIPP-eligible salary shown in this estimator, be aware that the monthly take home pay shown in this calculator does not include the value of LIPP benefits.

Here are a few more tips for using this estimator:

Question 1: To estimate HLS debt at graduation, if you are a continuing student, review your current HLS debt and project forward for your remaining years at HLS. If you are an entering student, you can start by assuming an average level of debt. We estimate that the average debt for members of the Class of 2017 will be about $160,000, and will increase by about 4% per year after that. You can, of course, try the calculator using a variety of debt levels to create different scenarios.
Question 2: Borrowing to replace an imputed student income or asset contribution is not eligible for LIPP, but borrowing to replace imputed parental resources is eligible for LIPP. Click here for more information on eligible borrowing. If you are a current student, you can login to My HLS Financial Aid and check the Messages tab to see how much of your borrowing for the current academic year is eligible for LIPP.
Question 5: When you select a job type from this dropdown list, the starting salary and annual salary increase percentage will be automatically filled in for that job. You can choose to override these default amounts if you wish.
This estimator assumes an average interest rate of 7% on education loan debt with an allowance for three years of accrued in-school interest, and uses the current LIPP salary scale to perform calculations. It also projects total loan payments and income over 10 years, which is the standard repayment term on federal student loans. It does not take into account the impact of bonuses, job changes, or raises beyond the level you choose as the projected annual salary increase percentage. Finally, it does not calculate the value of LIPP benefits; for that, try the LIPP Benefits Estimator

Estimator:

1.)	How much HLS loan debt will you have at graduation? (enter amount, no commas)
2.)	How much of your HLS debt is eligible for LIPP? (enter amount, no commas)
3.)	How much debt from prior graduate degree? (enter amount, no commas)
4.)	How much undergraduate/Harvard joint degree debt will you have at graduation? (enter amount, no commas)
5.)	What type of job will you get at graduation? (only used to estimate starting salary and annual salary increase)
6.)	What is your starting salary? (enter amount, no commas)
7.)	Choose a projected annual salary increase percentage
8.)	What percent of your salary will you pay in taxes?

Take Home Pay Summary

	Monthly loan payment	$
	Monthly gross income	$
	Monthly take-home pay after taxes	$
	Monthly take-home pay after taxes and loan payments	$
	Maximum salary to qualify for LIPP benefits (based on LIPP-eligible debt entered above)	$
	Percentage of annual gross income spent on loan payments

	Total loan payments (over 10 years)	$
	Total gross income (over 10 years)	$
	Percent of gross income spent on loan payments (over 10 years)

Estimator:

Take Home Pay Summary