11/10/2014               Imma  Hoosier   1234  Indiana  Way   Bloomington,  IN,  47405         Dear  Imma  Hoosier:     This  letter  is  a  personalized  summary  of  your  estimated  student  loan  indebtedness.  Please  use  the  information   below,  along  with  the  academic  and  financial  planning  resources  on  page  two,  to  help  minimize  future   borrowing  while  you  complete  your  degree  at  Indiana  University.        Your  Total  Estimated  Education  Loan  Debt:      $  11,753   *See  the  “Important  Information”  section  on  page  2  of  this  letter  regarding  loan  estimates.     Interest  Rates   Student  loan  interest  rates  vary  based  on  the  type  of  loan  and  when  the  loan  was  borrowed.    For  the   purpose  of  this  letter  we  are  using  an  estimated  interest  rate  at    6.80%.     Estimated  Monthly  Payment  –  All  Loans   Total  Education  Loans:     Standard  Repayment  Term:   Assumed  Interest  Rate:       Monthly  Payment:       Cumulative  Payments:     Projected  Interest  Paid:     $  11,753   10  years    6.80%   $      135   $  16,230   $    4,477     Federal  Stafford  Loans   The  Federal  Stafford  Loan  program  is  available  to  students  who  file  a  Free  Application  for  Federal   Student  Aid  (FAFSA).  The  amount  offered  is  based  on  students’  grade  level  and  financial  need.  The  total   you  have  borrowed  from  this  program,  including  both  subsidized  and  unsubsidized  loans,  is  $  11,753.       Other  Education  Loans   In  addition  to  your  Federal  Stafford  loans,  the  estimated  total  of  your  education  loans  includes  the   amounts  below  which  are  based  on  your  borrowing  history  at  Indiana  University:     Federal  Perkins  Loans:     $          0     Private  Loans  Certified  at  IU:   $          0     Other  Loans  Certified  at  IU:   $          0   (Graduate  PLUS  and  Federal  Health  Profession  Loans)   Academic  &  Financial  Planning  Resources   There  is  still  time  for  you  to  reduce  future  debt  by  planning  your  expenses  carefully  and  borrowing  only  what  you  really   need.  Please  visit  the  IU  MoneySmarts  website  below  for  helpful  information  on  how  you  can  reduce  your  educational   expenses  to  help  minimize  future  loan  borrowing.     MoneySmarts:  http://moneysmarts.iu.edu/index.shtml       Please  feel  free  to  make  an  appointment  or  drop  by  Student  Central  to  review  your  loan  debt  information,  talk  about   future  borrowing  and  discuss  repayment  options  with  a  counselor.     The  standard  10-­‐year  repayment  plan  for  Federal  Stafford  Loans  is  one  of  many  options.  To  find  out  about  alternatives   plans,  visit  website:  http://www.direct.ed.gov/RepayCalc/dlindex2.html       To  calculate  payments  on  loans  of  all  types,  or  estimate  your  monthly  obligation  for  your  cumulative  debt,  you  can  use   this  simple  tool  offered  by  finaid.org:        http://www.finaid.org/calculators/loanpayments.phtml     Loan  Terms  Glossary  -­‐  http://www.direct.ed.gov/glos.html       Important  Information  about  These  Loan  Estimates   *IMPORTANT:  Figures  provided  in  this  notice  are  NOT  a  complete  and  official  record  of  your  student  loan  debt.     The  most  accurate  information  about  your  Federal  student  loans  (excluding  Title  VII  and  VIII  Health  Profession  Loans)  is   available  in  the  National  Student  Loan  Data  System  (NSLDS).        http://www.nslds.ed.gov/nslds_SA/   Log  in  using  your  personal  information  and  the  4-­‐digit  PIN  you  used  to  sign  your  FAFSA.         Please  read  this  important  information  about  why  loan  totals  in  this  letter  may  be  incomplete  or  inaccurate.     • Students  who  have  borrowed  at  multiple  institutions,  have  consolidated  their  loans,  or  who  have  repaid  a   portion  of  their  debt  may  find  that  these  estimates  are  inaccurate.     • Grad  PLUS  Loans,  Federal  Health  Profession  Loans,  state  or  institutional  loans  and  private  loans  from  other   institutions  are  not  included  in  these  estimates.   • Federal  Health  Profession  Loans,  institutional  loans  and  private  loans  certified  at  IU  before  the  2004-­‐05   academic  year  are  not  included  in  these  estimates.   • Interest  that  accrues  while  you  are  enrolled,  which  must  be  paid  first  or  capitalized  (added  to  your  debt),  has  not   been  projected  here  and  therefore  has  not  been  included  in  these  estimates.   • The  Federal  Stafford  and  Perkins  Loan  figures  in  this  letter  are  based  on  the  most  recent  information  sent  to   Indiana  University  by  NSLDS  and  should  include  loans  from  any  institution.  However,  if  you  recently  received   Stafford  or  Perkins  loans  at  another  institution,  these  may  not  have  been  included  in  the  information  provided   by  NSLDS.     State  Nursing  and  Teaching  scholarships  and  Federal  TEACH  grants,  which  may  be  converted  to  loans  if   scholarship  terms  and  conditions  are  not  met  by  the  recipient,  are  not  included  in  these  estimates.     Education  loans  your  parent  took  out  on  your  behalf,  and  parent  loans  you  may  have  taken  for  your  children,  are   not  included  in  these  estimates.           • •