Hey All,

Working on writing up my case study and I'm not sure how to handle a few situations. I recently started working for a public agency where I have access to a CalPERS pension, a 457b and the Public Service Student Loan Forgiveness Program(PSLF) and REPAYE. I've got private and Federal student loans. I've got about $44k in student loans that are eligible for PSLF at an avg rate of 4.8%. Since I had very low income last year due to being in school, my current payments for the next year or so are $0, thanks to REPAY. Using the repayment calculator on Studentloans.gov I get the estimates below, which assumes a 5% income growth annually:

First Monthly Payment

$224

Last Monthly Payment

$395

Total Amount Paid

$36,457

Public Service Loan Forgiveness

$26,805

Repayment Period

120 months

SO my question is how to account for the effective cost of this loan in the Case Study Cash FLow to FI spreadsheet that folks use here? Should I just take the actual amount paid/ 120 payments back out the interest rate? Or use an interest rate of 0%? I want to try and make the FI projection as accurate as possible. I've got some other questions about how to account for the CalPERS, but that can wait for another post.

Thanks